Bankster For Prez

Posted: August 31, 2012 in -
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Greed and Debt: The True Story of Mitt Romney and Bain Capital

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  1. Editor says:

    Related:

    Juan Cole on the 10 Blatant Lies of Paul Ryan’s speech:

    1. Ryan blamed the US credit rating downgrade on President Obama. But it was caused by the Republican Congress’s threat not to raise the debt ceiling.
    That is, the fault for the credit rating downgrade from AAA to AA belongs with… Paul Ryan.

    2. Ryan continues to claim that President Obama said business owners did not build their own businesses. Obama said that business owners benefit from government infrastructure and programs, which they did not build. No small business owner has built an inter-state highway or bridge, but those are the means whereby their goods get to market. Ryan’s (and the GOP’s) talking point in this regard is a typical Karl Rove Big Lie, and among an informed electorate it ought to discredit them.

    3. Ryan depicted Obamacare as virtually a turn to Soviet-style totalitarianism, as incompatible with liberal freedoms for the individual. But the logical conclusion is that Ryan’s running mate, Mitt Romney, turned Massachusetts into a Gulag.

    4. Ryan slammed President Obama for not implementing the deficit-cutting measures recommended by the Simpson-Bowles commission. But he himself voted against Simpson-Bowles.

    5. Ryan keeps attacking Prsident Obama’s stimulus program now
    . But in 2002 when then President George W. Bush proposed stimulus spending, Ryan supported it. “What we’re trying to accomplish today with the passage of this third stimulus package is to create jobs and help the unemployed,” Ryan told MSNBC in 2002. Ryan says that the stimulus had not positive effects, while economists say it saved or created millions of jobs and pulled the US out of a near-Depression.

    6. Even more embarrassing, in 2010, Ryan asked for $20 million in stimulus money from Obama for companies in his district, then repeatedly denied requesting stimulus funds.
    He finally admitted he had done so, but continues to slam the stimulus program as a failure (even though the economy pulled out of a Depression as a result of it).

    7. Ryan slammed President Obama for the closure of an auto plant
    that closed in late 2008 under George W. Bush. Ryan’s running mate, Mitt Romney, opposed Obama’s actual auto bailout, which was a great success and returned Detroit to profitability.

    8. Paul Ryan charges that Barack Obama has ‘stolen’ $700 billion from medicare for his Obamacare. In fact, these expense reductions do not cut Medicare benefits, and, moreover, Romney and Ryan supported these reductions!
    The difference is that they would give the savings to the affluent, whereas Obama uses them to cover the presently uninsured.

    9. Ryan continues to push his longstanding plans for a steal-from-the-elderly-and-give-to-the-rich medicare plan, which President Obama warned would cost ordinary recipients over $6000 a year extra. Politifact checked and rated Obama’s charge as correct, though they noted
    that the figures referred to CBO analyses of Ryan’s last plan, not his ‘new’ one, which hasn’t been subjected to similar analysis. Ryan certainly recently put forward a plan that would cost ordinary people that much extra.

    10. Ryan neglected to note that under the tax plan he favors, Gov. Mitt Romney would pay less than 1% in annual federal taxes, highlighting Romney’s already low rate compared to ordinary Americans (slightly lower than Ryan’s own!) and putting the spotlight back where Ryan’s appointment was supposed to misdirect it.

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