First Obama Re-Election Ad Filled With Fibs
Energy: In his very first TV ad of the 2012 campaign, the president is feeding the public false information about America's dependence on foreign fuels. His twisted statistics actually celebrate the Obama recession.
The Obama re-election campaign is already shaping up as the most deceitful in American electoral history. "For the first time in 13 years our dependence on foreign oil is below 50%," the commercial declares, accompanied by goose-bumpy music.
Major economic downturns, in fact, unfailingly produce declines in oil imports. And so do higher gas prices — which went from an average of less than $2 a gallon at the time Obama took office to nearly $4 in the middle of last year and remain well above $3 today.
How could gasoline demand not drop with so many people out of work, businesses dying and jittery investors sitting on a trillion dollars?
Obama's ad dishonestly suggests he's been engineering an alternative energy economic renaissance in America. As hard-hatted workers are shown assembling solar panels, the ad says, "America's clean energy industry? 2.7 million jobs and expanding rapidly."
It's saying Obama created — or "saved" — 2.7 million new clean energy jobs, right? Uh-uh. Turns out that the Brookings Institution report that the ad cites as its source on the 2.7 million was referring to already-existing green jobs.
You'd never know from the Obama commercial that what Brookings actually said was: "Overall, today's clean economy establishments added half a million jobs between 2003 and 2010, expanding at an annual rate of 3.4 %" — a half-million over eight years being a tiny gain. And that "this performance lagged the growth in the national economy, which grew by 4.2% annually over the period."
You wouldn't know, Brookings said, that "many longer-standing companies in the clean economy — especially those involved in housing- and building-related segments — laid off large numbers of workers during the real estate crash of 2007 and 2008, while sectors unrelated to the clean economy (mainly health care) created many more new jobs nationally."
And Brookings' assessment that the green economy is "expanding rapidly"? Its report's conclusion actually warns "against excessive hopes for large-scale, near-term job-creation from the sector" because "the U.S. clean economy remains small where it is fast-growing and relatively slow-growing on balance ... their status as major employers remains a few years off."
In truth, Obama's energy policy is a disaster as to reducing foreign energy dependence. As the Institute for Energy Research points out, "oil production on federal lands has fallen by 43% over the past nine years, according to the Obama administration's Energy Information Administration. And it has dropped rapidly on President Obama's watch."
Dan Simmons, IER's director of regulatory and state affairs, told IBD he's convinced "President Obama is afraid of charges of crony capitalism regarding Solyndra," the solar panel company that got $535 million in taxpayer-funded stimulus loan funds from the administration, then soon went bankrupt.
That's why the Obama re-election campaign's first big lie is that he is the energy president.
First big lie?? 0bama would have a great presidency if those pesky facts would quit getting in his way. "He loves America, he's the best military strategist since Alexander the Great, the smartest man since Einstein and the greatest statesman since Thomas Jefferson."
Statists assume that the individual needs to be told what to think and that this "educating" is part of the daily process. However most of us know that it takes neither "re-educating" nor the gathering of hard statistics to take the pulse of the economy, just look around you. More empty storefronts and homes by the week, less traffic on the highways, more people with food stamps in the grocery store, more foreign leaders giving us the bird, longer lines at the government giveaway facilities. Exactly WHAT are the signs that 0bama's economy is in recovery? I know 0bama is in a bubble, but I'm not and I don't see any recovery.
Charlie Rangel falls asleep during 0bama speech