Today’s Independent Journal Review posted a list of seven of the lies President Obama told during his State of the Union address. There were more than seven, and I am sure anyone who has been paying attention was able to spot many of the lies in the speech.
The article lists seven:
1) Income inequality is the worst it’s ever been! The article points out that income inequality is the same as it was in 1987.
2) Raising minimum wage will help families. The article reminds us that it’s not hard to believe that Obama, who has never run a business, doesn’t understand that artificially forcing a business to pay someone more than their wage is worth will put more people out of the labor market. Making job creation more expensive leads to fewer jobs.
3) His minimum wage hike for federal workers brings immediate relief. The article points out that most employees of federal contractors earn more than the minimum wage, so this will apply to only about 10% of those, or 200,000 employees. Finally, this wage hike won’t apply until 2015 at the earliest, and even then, only for new contracts, not old ones.
4) How many Americans have gained insurance under Obamacare? In fact, five million Americans have lost insurance, meaning that this number is not a net gain. In other words, the vast majority already had insurance before Obamacare. As few as 11% might be new enrollments to Obamacare. Finally, the payment system for the federal Obamacare website isn’t completed; who knows how many of these will experience more “glitches.”
5) Obama will cut red tape that’s holding up construction jobs! The article reminds us “The reason most of these projects are delayed is they don’t have enough money. So it’s great that you are expediting the review process, but the review process isn’t the problem. The problem is we don’t have enough money to invest in our infrastructure in the first place.”
6) Your medicare premium went up? You’re making that up! The article points out that on paper, the program’s giant trust fund for inpatient care gained more than a decade of solvency because of cuts to service providers required under the health law. But in practice those savings cannot simultaneously be used to expand coverage for the uninsured and shore up Medicare.
7. Obama’s created 8 million new jobs in the last four years. The article reminds us that this figure leaves out a lot of lost jobs early in Obama’s presidency and glosses over that this recovery has been the weakest since World War II. According to the Bureau of Labor Statistics, only a net gain of 2.4 million job have been added on Obama’s watch (this doesn’t account for population growth, leading to the lowest labor participation rate since 1978).
Generally speaking, there were a lot of lies in the speech. After listening to the speech, a person could easily assume that ObamaCare was working fabulously, the economy was in great shape, and the President could do anything he wanted to without the approval of Congress. Obviously, none of the above is true. I understand that politicians tend to stretch or spin the truth, but any resemblance to truth in last night’s State of the Union speech was purely coincidental.
