Last Updated:July 22 @ 12:06 pm

Elder: The Five 'Reasons' to Re-elect Obama

By Larry Elder

The case for re-electing President Barack Obama rests on five arguments, the most important of which is that Romney/Ryan represent sexism, racism, homophobia and fascism.

1) Obama "inherited" the worst set of economic conditions since World War II.

False. Based on unemployment, inflation and interest rates, the recession of 1981-82 was worse. Unemployment during the early '80s reached 10.8 percent, inflation 13.5 percent, and prime interest rates reached 21.5 percent. During this so-called "Great Recession," the numbers peaked at 10.2 unemployment, 5.6 percent inflation and 7.25 percent for the prime interest rate.

2) Obama's economic policies "rescued the economy from falling off a cliff."

False. Nearly 350 economists, including several Nobel laureates, publicly urged Obama to following the path President Reagan pursued -- cutting taxes, slowing the growth of domestic spending and continuing deregulation.

Most business economists think Obama's "stimulus" plan accomplished little, if anything, with some academic economists, like Stanford's John Taylor, believing that stimulus actually made things worse: "I just don't think there's any evidence. When you look at the numbers, when you see what happened, when people reacted to the stimulus, it did very little good."

TARP, begun under President George W. Bush, supposedly prevented financial institutions from collapsing. But Neil Barofsky, in his new book called "Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street," argues that TARP completely failed in its mission: to increase liquidity to jumpstart lending.

The reason for intervention in the first place is that banks had become "too big too fail." Not only did the banks park the money and make risk-free profits off the spread, but banks became bigger than ever after TARP.

ObamaCare promises to provide health insurance to nearly 30 million Americans currently uninsured. Obama said it would bend the health care cost curve down, that it would decrease the deficit and that if you like your doctor or your current health insurance plan, you can keep it.

But Jonathan Gruber, the economist who designed both RomneyCare and ObamaCare, now admits some are going to pay more -- and some a lot more -- for their health insurance: "It is true that even after tax credits some individuals are 'losers,' in that they pay more than before (Obama's) reform." Rick Foster, the chief Medicare actuary, testified that it is "false, more so than true" that ObamaCare bends down the cost curve. He also said it is "not true in all cases" that if you like your plan you can keep your plan.

What about the "investments" in the green jobs of the future? At $529 million dollars of lost taxpayer money, Solyndra is one of many money-hemorrhaging "clean energy" flops. Other belly-flops backed by federal loans include Beacon Power and Abound Solar. A Washington Post investigation traced $3.9 billion in grants and financing to 21 companies that were backed by firms connected to five Obama administration staffers and advisors. Cronyism?

3) Bush's irresponsible tax cuts and "unpaid-for wars" of Afghanistan and Iraq caused the deficit.

False. Obama frequently bemoans the "cost" of $700 billion in tax cuts for "millionaires and billionaires." CNN's Fareed Zakaria blames the "Bush tax cuts" for the deficit. But the $700 billion Obama speaks of is spread over 10 years. This comes to a mere 5 percent of the deficit.

As to the costs of the Iraq and Afghanistan wars, a study by Brown University estimates the costs at between $3.2 trillion and $4 trillion. This, too, is over about 10 years (the approximate duration of the wars), or an average of $360 billion per year. This comes out to about 25 percent of the estimated $1.5 trillion deficit.

4) We are better off now than four years ago.

A new poll for the Washington paper The Hill found 52 percent of likely voters believe the country is now in "worse condition" than four years ago, while 31 percent believe it's in "better condition." After accounting for inflation, median household income dropped 2.6 percent during the 18-month recession. It fell another 4.8 percent from the start of the "recovery" through June 2012. Unemployment stood at 7.8 percent when Obama entered the White House. It is 8.3 percent right now. We've added over $6 trillion in new debt in the last four years -- and the deficit tripled since Bush's last full year in office.

5) The other guys -- former Massachusetts Gov. Mitt Romney and Rep. Paul Ryan -- are worse: sexist, racist, homophobic and fascist.

The chairman of the California Democratic Party, John Burton, following the Republican convention, gave us this preview of coming attractions: "(Republicans) lie, and they don't care if people think they lie. As long as you lie, (Nazi propaganda minister) Joseph Goebbels -- the big lie -- you keep repeating it."

Welcome to the 2012 Democratic National Convention: Republican attendees are advised to keep their sheets and hoods at home.

---

Larry Elder is a best-selling author and radio talk-show host.

COPYRIGHT 2012 LAURENCE A. ELDER

DISTRIBUTED BY CREATORS.COM

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15 Comments

  1. billwvComment by billwv
    September 6, 2012 @ 8:27 am

    The ONE reason to vote for Romney / Ryan is from the standpoint of WHO do you think is being honest and truthful. I watched the Dem Nat’l Collusion in 1968 and that was plenty enough for me for a whole lifetime. The party of lies / deceit and blame the GOP was in full swing. The speakers that have been put up on the stage this week are [in my estimation] liars and theives and have one motivation in life and that is to completely ruin this country. How can you believe a known liar? We have a choice with Romney / Ryan and very happily in November, I will take that choice.

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    • inluminatuoComment by inluminatuo
      September 6, 2012 @ 10:09 am

      Unfortunately for the Democrats, debates tend to lift the fog of their lies. Let them enjoy the temporary bump and grind of their conventional entertainment. Their lies can never out run the truth that is gaining on them every minute as we speak. Americans often abide a fool, but never abide a failure.

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    • cdrcodyComment by cdrcody
      September 6, 2012 @ 5:12 pm

      Winston Churchill said this or at least words to this effect. -America will always do the right thing, but only after it trys everything it can that is wrong.- We have tried the wrong thing now it is time to do the right thing.

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  2. Mort_fComment by Mort_f
    September 6, 2012 @ 9:15 am

    Rush Limbaugh, and his wife, said it best, while watching Moochelle’s Oscar winning performance. ********!

    I am afraid that few will take the trouble of reading Elder’s paper, and fewer will understand it. This election will require ‘down and dirty’, and the GOP had better start using the vernacular, loudly and often.

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  3. NewsWatcherComment by NewsWatcher
    September 6, 2012 @ 9:28 am

    [The chairman of the California Democratic Party, John Burton, following the Republican convention, gave us this preview of coming attractions: "(Republicans) lie, and they don't care if people think they lie. As long as you lie, (Nazi propaganda minister) Joseph Goebbels -- the big lie -- you keep repeating it."]

    I find that the folks who like to fling the accusations and fear stereotyping are the ones actually guilty of what they are accusing others of (must be too much time spent looking in the mirror, I guess.) AND, for anyone to say this about others after the fiasco of lying about and rigging the vote to change the DNC platform .. well, ’nuff said’

    The DNC platform amendment vote shows me exactly where this administration comes from .. “We will tell you how you voted.”

    “It is enough that the people know there was an election. The people who cast the votes decide nothing. The people who count the votes decide everything.”
    – Joseph Stalin

    Anyone who can watch what happened yesterday and not be scared to death about where this country is heading and that we are just months away from really losing the country and freedoms defined by the founders in our constitution .. again, ’nuff said. How can any person who values truth and freedom vote for a party who lies and manipulates a vote like that. Wake up America .. this may very well be a picture of the election “results” in November.

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    • csbridgComment by csbridg
      September 6, 2012 @ 10:14 am

      NewsWatcher, your quote from Stalin is so insightful. One of my fears exactly. With the wolves watching the sheep pen, how can we know that the elections are anything more than mere formality? Just a thought…

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    • agent007Comment by agent007
      September 6, 2012 @ 3:48 pm

      Your quote about Stalin was proven to be correct with regard to the DNC in yesterday’s blunder with the voting about the change to their platform!

      On the teleprompter it was already clear that voting was just for show, the vote counters had already made the decision before the actual vote took place.

      Worse, if the votes had been counted, the change in the platform would NOT have passed.

      That, by the way, also proves that the DNC currently has a very large portion of members that are ANTI Israel and ANTI Religion.

      Indeed a sad and dangerous development!

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  4. TomPFComment by TomPF
    September 6, 2012 @ 10:04 am

    Elder is RIGHT ON! The Dems lie and lie and lie, then accuse the GOP of lying! How they bamboozle folks into believing what their own eyeballs contradict is just incredible to me! Yet, no matter how many facts you throw at them, no matter how many charts and graphs you show them illustrating the awful mess we’re in, they still show up chanting, “FOUR MORE YEARS!” Huh???!

    Our only hope is that the MAJORITY of Americans see through this charade and do the right thing in November. Four more years of this guy and his cabal of czars, liars and cheats and we are DONE FOR!

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  5. inluminatuoComment by inluminatuo
    September 6, 2012 @ 10:06 am

    The only people within the ranks of the 31% hardcore Liberal circus tent who feel they are better off are the ones who got free government money and want it to continue to flow.

    Bush’s economy with trillions spent on defense to fight wars that governments were designed to do was doing just fine until the Democrats and economic dinosaur Barney of the Franking Banking ideology took power of over the Congressional purse in 2006 and gave us a “Fanny Mae I” bubble bursting housing crisis brought on by government backing entitlement of people’s loans that went south when their non-skin-in-the-game real-estate gambling bubble burst. Thanks to Frank and the democrats the U.S. taxpayer had to back up this mindless social experiment gamble with more borrowed taxpayer chips.

    The trillion dollar STUDENT LOAN soon-to-be-failed democrat socialist social experiment bubble is the next taxpayer backed bubble about to burst. It is high past time we take the Liberal hot air out of the ballooning bubbles of their failed social experiments and re-inflate the ideological pay as you go, and he who gets the service pays for the service mentality of results and prosperity.

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  6. JDZComment by JDZ
    September 6, 2012 @ 11:54 am

    I said it in another comment that the RNC was truly an American convention. The convention was well organized and showcased a competent set of diverse speakers that all reflect the American experience we all believe in and want to preserve for our kids and grandkids. To me, the Republican Party has become the “American” party and best captures my values and the values that reflect the founders of our country.

    Whereas, the DNC is confirming my suspicions that the Democratic Party of old (which my family used to be a member) has been taken over by the much more radical element within the liberal construct in our country and has embraced a full bore socialist mindset and agenda. They exhibit all kinds of traits that reflect the attributes you would see in Soviet Russia, Cuba, or communist China including anti-God positions, control of birth through abortion or any means, anti-private industry or anti-Capitalism, huge numbers of citizens living on government programs (giving government direct control over them), and a huge and growing central government which uses the public service unions as their ground forces to force adherence to government laws and regulations. This to me is obvious.

    Bill Clinton should be ashamed of himself, as an ex-President, that he is ignoring the facts and condoning and approving this move into massive socialist programs. He knows better of the pitfalls of where the Obama administration is taking us. He must have been paid a lot of money to make the speech he made last night. To me, it was somewhat treasonous in nature, and he has fallen into the domain of “gutter politics”, but you know, he was the “sex perverter in chief” who lied to the American people, cheated over and over on his wife, and still is the icon of the Democratic Party. What does that tell you about the Democratic Party?

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    • middlegroundComment by middleground
      September 6, 2012 @ 4:09 pm

      One speculation was that if Obama wins, either Bill or Hillary will get appointed to the S, but I would think a massive gift of stock in the Chicago Climate Exchange and the tens of billions that this would bring them with the passage of a national Cap and Trade Law is more likely. However, as this is the party of political rewards and punishments anything is possible. Hopefully,we won’t have to find out, if voters vote intelligently and for the proven leadership team of Romney-Ryan.

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    • ny2txComment by ny2tx
      September 7, 2012 @ 12:26 am

      SO TRUE! None of the speakers I heard at he DNC instilled pride through their accomplishments or the way they carried themselves. I was quite proud of so many GOP Governors and stand out Americans. I felt the DNC patriotism was hollow and hypocritical.

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  7. pistol packing mamaComment by txgoatlady
    September 6, 2012 @ 2:06 pm

    Not only are many people making less money, even those that are making the same money (no raise) or a little more are still in worse condition. Inflation has taken away any gains you might have made by getting a raise. Gas is approaching $4/gallon (it already is there in some places), grocery prices are skyrocketing and health insurance premiums have risen since the passing of Obamacare. Are we better off now than we were 4 years ago? The only people that can truly say that are the Obamas. Michelle has taken vacations she could never have afforded before she became First Lady.

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  8. agent007Comment by agent007
    September 6, 2012 @ 9:29 pm

    Watching the DNC speeches, and I’m now so inspired!

    Four more beers, Four more beers, Four more beers!

    Just want the Obama government to pay for it! :)

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  9. freedomfighterComment by freedomfighter
    September 7, 2012 @ 9:44 pm

    1-Obama inherited a Presidency which would require some great moves to get past those difficulties. He had neither the will, experience, or inclination to approach these problems, as his agenda was the pinnacle of his need to be President, not solve Americas problems.

    2-The Economic problems he faced were injuries which were treatable, however his idea of treating them meant borrow money from China, to give to huge failing Companies with bad management, gigantic stimulus packages to put a band aid on the gaping wounds of a dying economy. Those Companies should have been left to go BK, just as small businesses must do, when the attempts to keep them afloat fail through faulty management decisions. Businesses do not fail, it is the leadership which fails the Company.

    3. Bush put a small dent in the Deficit, while Nobama during his near 4 years in office took us from a Deficit of just under 10 Trillion, to a bit over 16 Trillion. humm, where did Bush come any where near this peak in the Deficit?.

    4-Unemployment figures up large percentages, mortgages cannot be met, and many are having to walk away from their homes, because they just cannot make those inflated payments. The unemployment figures are no where near the actual figures, when you factor in the amount of people out of work, past the collection of benefits run out period, who are out of work, but not being registered as out of work, because they are no longer in the system. I bet those figures hover realistically over 10.5 %. The only ones making it through these rough times, pretty much unscathed, are the illegals, and those totally dependent upon, and relying on the Government for their pay checks, rent subsidies, food stamps, free cell phones, medical, and utilities. This is what O wants, for America to be completely dependent on the Government.

    5-The other guys, sounds much to me like the proverbial Pot and Kettle phrase. The Nobama Administration was built on lies, beginning with hope and change. Well, I guess they weren’t really lies, but grew to mean something completely different than that which was spoken. We hope he is removed from office, to attempt to un-do the change he is bringing to America. With O, it is all the other guys fault, I was unaware of that happening, or that was taken out of context, that was not what I meant.
    Nobama is making a all out effort to tell people to get out, register to vote, and vote for me.
    I haven’t quite understood what he meant by register to vote, or what purpose this serves, when we cannot even prove that those registered are the ones truly voting?. Sounds pretty redundant to me. This is why it needs to be absolute, that any voting show a ID which proves that they are indeed the one registered to vote. Doesn’t one have to show ID to register to vote?. Hummmmm a real mind stimulator. Seems he is more for the system than against it, then demonizes it by not wanting people to show ID to vote. GO FIGURE.

    TAKE OUT THE TRASH IN NOVEMBER.

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