As for Obama’s claim that Bush “turned a budget surplus into a deficit”: by January 2001, when Bush was inaugurated, the budget surpluses were already evaporating as the economy was skidding toward recession (it officially began in March 2001). Combined with the devastating economic effects of 9/11, when we lost around 1 million jobs over 90 days, the surplus went into deficit.
Dana Loesch
Breitbart.com
Big Government
5 Sep 2012
Bill Clinton was off his game tonight in one of the longest nomination speeches in the history of humankind.
The former president began his DNC speech mocking the the very idea of self empowerment and individual success. After seeming to imply that he could work better with compromise than the man he was nominating, he launched into his trademark rhetoric:
In Tampa, we heard a lot of talk about how the President and the Democrats don’t believe in free enterprise and individual initiative, how we want everyone to be dependent on the government, how bad we are for the economy.
[…]
We Democrats think the country works better with a strong middle class, real opportunities for poor people to work their way into it and a relentless focus on the future, with business and government working together to promote growth and broadly shared prosperity. We think “we’re all in this together” is a better philosophy than “you’re on your own.”
Unfortunately for Clinton, the facts work against him. Under Barack Obama, more people than ever before have been reduced to government dependency. Offering meager entitlements in exchange for a chunk of self sovereignty is not only bad for the economy, it’s antithetical to the spirit with which America was founded…
The article continues at Big Government.
Related: Transcript of Bill Clinton’s Speech to the Democratic National Convention
