Obama Fact Check

OBAMA: "Regulations were gutted for the sake of a quick profit at the expense of a healthy market. People bought homes they knew they couldn't afford from banks and lenders who pushed those bad loans anyway. And all the while, critical debates and difficult decisions were put off for some other time on some other day."

THE FACTS: This may be so, but it isn't only Republicans who pushed for deregulation of the financial industries. The Clinton administration championed an easing of banking regulations, including legislation that ended the barrier between regular banks and Wall Street banks. That led to a deregulation that kept regular banks under tight federal regulation but extended lax regulation of Wall Street banks. Clinton Treasury Secretary Robert Rubin, later an economic adviser to candidate Obama, was in the forefront in pushing for this deregulation.

Actually it all started under Carter!

 

OBAMA: "Thanks to our recovery plan, we will double this nation's supply of renewable energy in the next three years."

THE FACTS: While the president's stimulus package includes billions in aids for renewable energy and conservation, his goal is unlikely to be achieved through the recovery plan alone.

In 2007, the U.S. produced 8.4 percent of its electricity from renewable sources including hydroelectric dams, solar panels and windmills. Under the status quo, the Energy Department says, it will take more than two decades to boost that figure to 12.5 percent.

If Obama is to achieve his much more ambitious goal, Congress would need to mandate it. That is the thrust of an energy bill that is expected to be introduced in coming weeks.

This is comical. We have 243 million cars and trucks in this country that use diesel or gasoline. Even if someone invented a car that run off water we still need to drill off shore to eliminate our dependence on foreign oil.

 

It is wonderful to have a president who shows a little compassion, something that is sorely missing around here.

 

Very compassionate person? He is a rabid abortionist! One of his first acts as president was to reverse the Reagan and Bush policy forbidding use of Foreign aid to fund abortions. He twice voted in the Illinois Senate to deny medical treatment to babies born alive during an abortion. Yes, a very compassionate person.

 

You mean like the compassion for his Aunt who lived here illegally in the US in a housing project? Or a step brother in Africa who lives on $20 a month and received NOTHING from his brother Barrack?

Compassion starts at home....or it should!