Eight False Things the Public "Knows" Prior to Election Day

Discussion in 'Politics, Religion, Social Issues' started by freeny, Oct 23, 2010.

  1. freeny macrumors 68020

    freeny

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    #1
    By Dave Johnson

    There are a number things the public "knows" as we head into the election that are just false. If people elect leaders based on false information, the things those leaders do in office will not be what the public expects or needs.

    Here are eight of the biggest myths that are out there:

    1) President Obama tripled the deficit.
    Reality: Bush's last budget had a $1.416 trillion deficit. Obama's first reduced that to $1.29 trillion.

    2) President Obama raised taxes, which hurt the economy.
    Reality: Obama cut taxes. Forty percent of the "stimulus" was wasted on tax cuts which only create debt, which is why it was so much less effective than it could have been.

    3) President Obama bailed out the banks.
    Reality: While many people conflate the "stimulus" with the bank bailouts, the bank bailouts were requested by President Bush and his Treasury Secretary, former Goldman Sachs CEO Henry Paulson. (Paulson also wanted the bailouts to be "non-reviewable by any court or any agency.") The bailouts passed and began before the 2008 election of President Obama.

    4) The stimulus didn't work.
    Reality: The stimulus worked, but was not enough. In fact, according to the Congressional Budget Office, the stimulus raised employment by between 1.4 million and 3.3 million jobs.

    5) Businesses will hire if they get tax cuts.
    Reality: A business hires the right number of employees to meet demand. Having extra cash does not cause a business to hire, but a business that has a demand for what it does will find the money to hire. Businesses want customers, not tax cuts.

    6) Health care reform costs $1 trillion.
    Reality: The health care reform reduces government deficits by $138 billion.

    7) Social Security is a Ponzi scheme, is "going broke," people live longer, fewer workers per retiree, etc.
    Reality: Social Security has run a surplus since it began, has a trust fund in the trillions, is completely sound for at least 25 more years and cannot legally borrow so cannot contribute to the deficit (compare that to the military budget!) Life expectancy is only longer because fewer babies die; people who reach 65 live about the same number of years as they used to.

    8) Government spending takes money out of the economy.
    Reality: Government is We, the People and the money it spends is on We, the People. Many people do not know that it is government that builds the roads, airports, ports, courts, schools and other things that are the soil in which business thrives. Many people think that all government spending is on "welfare" and "foreign aid" when that is only a small part of the government's budget.

    This stuff really matters.

    If the public votes in a new Congress because a majority of voters think this one tripled the deficit, and as a result the new people follow the policies that actually tripled the deficit, the country could go broke.

    If the public votes in a new Congress that rejects the idea of helping to create demand in the economy because they think it didn't work, then the new Congress could do things that cause a depression.

    If the public votes in a new Congress because they think the health care reform will increase the deficit when it is actually projected to reduce the deficit, then the new Congress could repeal health care reform and thereby make the deficit worse. And on it goes.
    -----------------------

    This post originally appeared at Campaign for America's Future (CAF) at their Blog for OurFuture.
     
  2. Eraserhead macrumors G4

    Eraserhead

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    #2
    The life expectancy thing doesn't appear to be true.

    According to this life expectancy at 60 was 15 years in 1930 and in 2004 it was 20 years, so while it hasn't increased in raw terms as much as life expectancy at birth (which has gone from 59 to 74) it does appear to have increased slightly more as a percentage (note this is all based on the White males figure as that's first on the website).

    Additionally 3) isn't really true as the Democrats also voted for the bank bailouts - the real mis-truth there is that the bank bailout is going to make the taxpayer a profit.

    Additionally it does seem that these mis-facts have a Republican bias - but maybe that's because the Democrats are in power.
     
  3. iJohnHenry macrumors P6

    iJohnHenry

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    #3
    According to this, I can expect to live to 88. :eek:

    Christ, I just hope I'm not drooling into a cup all that time.
     
  4. Queso macrumors G4

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    #4
    Well, take it one day at a time ;)
     
  5. MyDesktopBroke macrumors 6502

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  6. coolmacguy macrumors regular

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    #6
    I agree with most of your points but not #7. SS is a ponzi scheme, it's just a more stable one than most ponzi schemes. In most financial ponzi schemes the originator of the ponzi scheme raids the supply of funds for other purposes which hastens it's decline. This has been done a few times with SS but it's still relatively stable because there are more workers than beneficiaries currently. Whether it will remain stable is anyone's guess though.
     
  7. coolmacguy macrumors regular

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    #7
    Well that does remain to be seen but most of the funds loaned so far have been paid back.
     
  8. bruinsrme macrumors 601

    bruinsrme

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    #8
    Personally I don't like paying more taxes so I can't understand why a business would want to pay more in taxes. Having extra capital seems to be bettertban having less for expansion, increase in wages.
    The more disposal cash I have the more I tend to spend.

    Health care, I live in MA, it's working so wonderfully.:cool:

    Any health care deficit reduction is speculation since 2013 isn't here yet.
    Though hospitals around here have begun shaping their workforce in preparation, lay offs.

    All is good though, Nov 2 will either show the country is truly ignorant or a disaster was averted.
     
  9. Gelfin macrumors 68020

    Gelfin

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    #9
    Well, I'll show you if you'll just take off those shades and look right over here.
     
  10. NT1440 macrumors G4

    NT1440

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    #10
    Your confusing personal and corporate finances.

    The only people that really get the significant pay raises in these times of extraordinary profit, are the higher ups, nice fat bonuses.
     
  11. Eraserhead macrumors G4

    Eraserhead

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    #11
    But it will at least break even - it certainly won't cost the taxpayer $100's of billions.
     
  12. Epsilon88 macrumors 6502

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  13. mgguy macrumors 6502

    mgguy

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    #13
    These issues don't really matter. The election seems to be all about change and hope that things will get better if the democrat party loses control of congress. ;)
     
  14. mactastic macrumors 68040

    mactastic

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    #14
    Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 4_1 like Mac OS X; en-us) AppleWebKit/532.9 (KHTML, like Gecko) Version/4.0.5 Mobile/8B117 Safari/6531.22.7)

    If that's what this election is about, then prepared to be as demoralized and disillusioned as "the democrat party" is today. You'll be just as open to ridicule for believing all this crap about hope and change.
     
  15. freeny thread starter macrumors 68020

    freeny

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    #15
    Except this time it will be ironic and hilarious :D
     

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