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Failed Promise: Unemployment Highlights Obama’s Broken Promises

- January 6, 2012

Obama’s Idea Of Keeping Promises Runs Into A Problem – The Facts

FAILED PROMISE: UNEMPLOYMENT RATE BELOW 8 PERCENT

Obama Promised His $825 Billion Stimulus Would Keep The Unemployment Rate Below 8 Percent; It’s Been Above 8 Percent for 35 STRAIGHT MONTHS:

Obama’s $825 Billion Stimulus Failed To Keep The Unemployment Rate Below The 8 Percent Level He Promised It Would. (Bureau Of Labor Statistics, Accessed 12/21/11; Christina Romer and Jared Bernstein, “The Job Impact Of The American Recovery And Reinvestment Plan,”1/9/09; Congressional Budget Office, 5/25/11)

Since President Obama Took Office, The Nation Has Lost 1.7 Million Jobs And The Unemployment Rate Has Increased From 7.8 Percent To 8.5 Percent. (Bureau Of Labor Statistics, Accessed 1/6/12)

  • Including 1.1 Private Sector Jobs, 1.01 Million Construction Jobs, And 769,000 Manufacturing Jobs. (Bureau Of Labor Statistics, Accessed 1/6/12)

The Unemployment Rate Has Remained Above Eight Percent For A Record 35 Straight Months. (Bureau Of Labor Statistics, Accessed 1/6/12)

  • The Average Duration Of Unemployment Has More Than Doubled From 19.9 Weeks To 40.8 Weeks. (Bureau Of Labor Statistics, Accessed 1/6/12)

Jim Pethokoukis: “10.9%: The Unemployment Rate (U-3) If The Size Of US Workforce Was The Same As When Obama Took Office.” (Jim Pethokoukis, Twitter Feed, 1/6/12)

  • Pethokoukis: “I Mean, ANOTHER 50k People Dropped Out Of Workforce. And This Is Supposed To Be The Peak Of Econ Growth For Next 12 Months+” (Jim Pethokoukis, Twitter Feed, 1/6/12)

There Are Currently 945,000 Unemployed Workers That Have Given Up Looking For Work. (Bureau Of Labor Statistics, Accessed 1/6/12)

The Real Unemployment Rate, Including Those That Are Working Part-Time Due To Economic Reasons, Is 15.2 Percent. (Bureau Of Labor Statistics, Accessed 1/6/12)

There Are Currently 13.1 Million Unemployed Workers. (Bureau Of Labor Statistics, Accessed 1/6/12)

FAILED PROMISE: MAKING HEALTH CARE AFFORDABLE

FactCheck.org: ObamaCare Is Actually Making Health Care “Less Affordable.” “At the moment, the new law is making health care slightly less affordable. Independent health care experts say the law has caused some insurance premiums to rise. As we wrote in October, the new law has caused about a 1 percent to 3 percent increase in health insurance premiums for employer-sponsored family plans because of requirements for increased benefits. Last year’s premium increases cast even more doubt on another promise the president has made — that the health care law would ‘lower premiums by up to $2,500 for a typical family per year.’” (D’Angelo Gore, “Promises, Promises,” Fact Check.org, 1/4/12)

The Washington Post’s The Fact Checker: “Moreover, at this point it is debatable whether the law has made health care more affordable. Insurance premiums have gone up, in part because of new benefits mandated by the law.” (Glenn Kessler, “The Fine Print In Obama’s ‘Promises Kept’ Ad,” The Washington Post’s The Fact Checker, 1/6/12)

FAILED PROMISE: MAKING HEALTH CARE AVAILABLE TO EVERY AMERICAN

FactCheck.org: ObamaCare “Falls Short Of Making Health Care ‘Affordable And Available To Every Single American,’ As Promised.” “Furthermore, the law falls short of making health care ‘affordable and available to every single American,’ as promised. The law provides subsidies to help some Americans buy insurance, expands Medicaid and doesn’t allow insurance companies to exclude persons with preexisting conditions. But still, the director of the nonpartisan Congressional Budget Office projected 23 million persons will remain uninsured — some because they can’t afford coverage.” (D’Angelo Gore, “Promises, Promises,” Fact Check.org, 1/4/12)

The Washington Post’s The Fact Checker: “Not Every Single American” Has Health Coverage As Obama Promised. “No matter what one thinks of Obama’s health care law, it was certainly a signature legislative achievement—the most sweeping health care law since the creation of Medicare. But notice that Obama said he would bring health care to ‘every single American,’ but the headline simply says ‘more than 30 million Americans.’  That translates into 95 percent of nonelderly Americans—when the law is fully implemented in 2016.  That is certainly an increase over the 82-percent level that would have been expected in the absence of the law, but it is not ‘every single American.’” (Glenn Kessler, “The Fine Print In Obama’s ‘Promises Kept’ Ad,” The Washington Post’s The Fact Checker, 1/6/12)

FAILED PROMISE: ENDING TAX BREAKS FOR COMPANIES SHIPPING JOBS OVERSEAS

Politifact: “Experts Say The Law By Itself Doesn’t Live Up To Obama’s Promise In Iowa ‘To Be A President Who Ends The Tax Breaks For Companies That Ship Our Jobs Overseas.’” “While there is some truth to the claim that Obama signed legislation that ‘closed corporate tax loopholes that were sending profits overseas,’ experts say the law by itself doesn’t live up to Obama’s promise in Iowa to ‘be a president who ends the tax breaks for companies that ship our jobs overseas.’ Incentives deeply embedded in the tax code still exist. We rate the statement Half True.” (Louis Jacobson, “Barack Obama Reelection Video Says He “Closed Corporate Tax Loopholes That Were Sending Profits Overseas,” Politifact, 1/5/12)

The Washington Post’s The Fact Checker: “Here, The Obama Campaign Is Trying To Have Its Cake And Eat It Too…” “We have no quibble with the tax-cut claim but the ‘ship jobs overseas’ language immediately jumped out at us because Obama’s efforts to get this proposal enacted into law have repeatedly died in Congress.  Notice that the headline speaks of ‘sending profits overseas’—not sending jobs overseas. The Obama campaign says this refers to a single loophole (not ‘loopholes’) that was closed. The loophole had allowed companies to avoid U.S. taxes on foreign profits while receiving a tax credit for taxes paid to foreign governments. Our friends at Politifact had previously faulted Obama for suggesting that closing this loophole had anything to do with shipping jobs overseas. Here, the Obama campaign is trying to have its cake and eat it too, by quoting Obama and then running a headline that is factually correct but has nothing to do with his previous statement.” (Glenn Kessler, “The Fine Print In Obama’s ‘Promises Kept’ Ad,” The Washington Post’s The Fact Checker, 1/6/12)

FAILED PROMISE: ENDING THE ‘TYRANNY OF OIL ONCE AND FOR ALL”

FactCheck.org: “[T]he U.S. is still a long way from being free of the ‘tyranny of oil once and for all,’ as Obama said.” (D’Angelo Gore, “Promises, Promises,” Fact Check.org, 1/4/12)

The Washington Post’s The Fact Checker: “Strangely, The [Obama Campaign’s] Headline Does Not Try To Back Up Obama’s Pledge. “Strangely, the headline does not try to back up Obama’s pledge. But the Obama fact sheet provides some evidence of how the administration has invested in clean energy (no mention of the Solyndra controversy!) and how foreign oil imports have fallen. But the phrase ‘lower costs at the pump’ is not proven at all, and appears to be an effort to gloss over the fact the gasoline prices have risen sharply since Obama took office. (A president, of course, has little to do with rising oil prices.)” (Glenn Kessler, “The Fine Print In Obama’s ‘Promises Kept’ Ad,” The Washington Post’s The Fact Checker, 1/6/12)

FAILED PROMISE: “BRINGING DEMOCRATS AND REPUBLICANS TOGETHER”

FactCheck.org: “[I]t’s Simply A Fact That The President Failed At ‘Bringing Democrats And Republicans Together.’” “To be sure, the president did sign the Patient Protection and Affordable Care Act into law in 2010, but it wasn’t enacted by ‘bringing Democrats and Republicans together.’ The bill passed the Senate on Dec. 24, 2009, by a vote of 60-39, without any Republicans voting for it. And when the House passed its version of the bill almost three months later, by a vote of 219-212, it too garnered no support from Republicans. We won’t offer any opinion about whether one side is more to blame than the other for that, but it’s simply a fact that the president failed at ‘bringing Democrats and Republicans together.’” (D’Angelo Gore, “Promises, Promises,” Fact Check.org, 1/4/12)


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