One Year ‘Til Judgment Day

- November 1, 2011

Obama Has Consistently Promised Big And Failed To Deliver, One Year From Now Voters Will Make Obama Own His Failed Policies


BIG PROMISE: President Obama Promised That His Stimulus Plan Would Create Or Save 3.5 Million Jobs Over Two Years. Obama: “Now, what makes this recovery plan so important is not just that it will create or save 3.5 million jobs over the next two years ...” (President Barack Obama, Remarks At The Signing Of The American Recovery And Reinvestment Act, Denver, CO, 2/17/09)

BIG FAIL: Since The Stimulus Was Passed, The United States Has Lost 1.5 Million Jobs And The Unemployment Rate Has Remained Above 8 Percent For A Post-WWII Record 32 Straight Months. (U.S. Bureau of Labor Statistics,, Accessed 10/27/11)

  • “It’s Accurate To Say The Stimulus Has Failed To Live Up To Initial Expectations.” “CBO's high estimate is still short of the 3.5 million jobs that Obama had said would be created by the end of 2010, so it's accurate to say the stimulus has failed to live up to initial expectations.”(Lori Robertson, “Dueling Economic Ads,”, 6/30/11)

Unemployment Next Year Could Remain Higher Than 8 Percent Meaning No Job Growth After “The Biggest Stimulus Package In The History Of The World.” “The White House anticipates unemployment at 8.25 percent and Goldman Sachs and others warn the number could be higher — close to 9 percent, which would mean no net job growth after the biggest stimulus package in the history of the world.” (Jim VandeHei and Mike Allen, “Obama’s Big Drags,” Politico, 8/4/11)

Obama Admitted To Richard Wolffe That “The Enormous Sums Of Money” In The Stimulus “Had Fallen Short” And “It Doesn’t Yet Feel Like Much Of A Recovery.” “Yet he also admitted that the enormous sums of money had fallen short. ‘If we’re honest, part of the controversy also is that despite the extraordinary work that has been done through the Recovery Act, millions of Americans are still without jobs. Millions more are struggling to make ends meet. So it doesn’t yet feel like much of a recovery. And I understand that. It’s why we’re going to continue to do everything in our power to turn this economy around.’” (Richard Wolffe, Revival: The Struggle For Survival Inside The Obama White House, 2010, p. 155)


BIG PROMISE: President Obama Promised That His Housing Program Would Prevent 7 To 9 Million Families From Foreclosure. OBAMA: “And we will pursue the housing plan I'm outlining today. And through this plan, we will help between 7 and 9 million families restructure or refinance their mortgages so they can afford—avoid foreclosure.” (President Barack Obama, Remarks On The Home Mortgage Industry In Mesa, Arizona, 2/18/09)

BIG FAIL: President Obama’s Housing Programs Have Spent Only $2.4 Billion Of The $50 Billion Allocated, And Have Helped Only 1.7 Million Avoid Foreclosure. “President Obama pledged at the beginning of his term to boost the nation’s crippled housing market and help as many as 9 million homeowners avoid losing their homes to foreclosure. Nearly three years later, it hasn’t worked out. Obama has spent just $2.4 billion of the $50 billion he promised. The initiatives he announced have helped 1.7 million people.” (Zachary A. Goldfarb, “Obama’s Efforts To Aid Homeowners, Boost Housing Market Fall Far Short Of Goals,” The Washington Post, 10/23/11)

  • “To Date, Administration Programs Have Permanently Reduced The Debt Of Just One Tenth Of 1 Percent Of Underwater Borrowers.” (Zachary A. Goldfarb, “Obama’s Efforts To Aid Homeowners, Boost Housing Market Fall Far Short Of Goals,” The Washington Post, 10/23/11)
  • Since President Obama Took Office, 7.5 Million Properties Have Received Foreclosure Filings. (RealtyTrac, Accessed 10/28/11)

 “This Summer At The White House, Obama Offered A Rare Acknowledgment That His Response To The Housing Crisis Had Fallen Short.” (Zachary A. Goldfarb, “Obama’s Efforts To Aid Homeowners, Boost Housing Market Fall Far Short Of Goals,” The Washington Post, 10/23/11)

  • Obama Said That Housing Has Been The “Most Stubborn In Us Trying To Solve The Problem.” (Zachary A. Goldfarb, “Obama’s Efforts To Aid Homeowners, Boost Housing Market Fall Far Short Of Goals,” The Washington Post, 10/23/11)


BIG PROMISE: Obama Pledged To Cut The Deficit In Half By The End Of His First Term. OBAMA: “And that's why today I'm pledging to cut the deficit we inherited by half by the end of my first term in office.” (President Barack Obama, Remarks At The Fiscal Responsibility Summit, Washington, D.C., 2/23/09)

  • “President Barack Obama Plans To Cut The U.S. Budget Deficit To $533 Billion By The End Of His First Term …” (Hans Nichols, “Obama Plans To Reduce Budget Deficit To $533 Billion By 2013,” Bloomberg, 2/21/09)

BIG FAIL: Even If Every Part Of Obama’s Deficit Reduction Proposal Was Enacted, The Deficit At The End Of His First Term Would Still Be $1.33 Trillion, Over Double What He Promised. (“The President’s Plan For Economic Growth And Deficit Reduction; Table S-3,” Office Of Management And Budget, 9/19/11)

Congressional Budget Office: “The Amount Of Federal Debt Held By The Public Has Skyrocketed In The Past Few Years …” (“The Budget And Economic Outlook: An Update,” Congressional Budget Office, 8/24/11)

  • This Year’s Budget Deficit Will Be The Third Highest In The Last 65 Years, Behind Obama’s Previous Two Record Deficits. “At 8.5 percent of gross domestic product (GDP), the $1.3 trillion budget deficit that the Congressional Budget Office (CBO) projects for 2011 will be the third-largest shortfall in the past 65 years (exceeded only by the deficits of the preceding two years).” (“The Budget And Economic Outlook: An Update,” Congressional Budget Office, 8/24/11)

Treasury Secretary Timothy Geithner Said Even If Congress Enacted The President’s Budget “We Would Still Be Left With A Very Large Interest Burden And Unsustainable Obligations Over Time.” “With the President’s plan, even if Congress were to enact it, and even if Congress were to hold to it, and reduce those deficits to 3% percent of GDP over the next five years, we would still be left with a very large interest burden and unsustainable obligations over time.” (Treasury Secretary Timothy Geithner, Remarks Before Senate Budget Committee, Washington, D.C., 2/17/11)


BIG PROMISE: Obama Promised That “Once The Bipartisan Fiscal Commission Finishes Its Work, I Will Spend The Next Year Making The Tough Choices Necessary To Further Reduce Our Deficit And Lower Our Debt.” (President Barack Obama, Remarks At The Cuyahoga Community College West Campus, Parma, OH, 9/8/10)

  • President Obama Said His Fiscal Commission “Can't Be One Of Those Washington Gimmicks That Lets Us Pretend We Solved A Problem.” “That's why I've called for a bipartisan, Fiscal Commission, modeled on a proposal by Republican Judd Gregg and Democrat Kent Conrad. This can't be one of those Washington gimmicks that lets us pretend we solved a problem. The Commission will have to provide a specific set of solutions by a certain deadline.” (President Barack Obama, Address Before A Joint Session Of Congress On The State Of The Union, 1/27/10)

BIG FAIL: President Obama’s Budget Did Not Opt For “The Bold, Comprehensive Approach To Reining In The Fast-Growing Federal Debt That His Own Fiscal Commission Has Said Is Needed, Now.” "With the budget he is to unveil Monday, President Obama has not opted for the bold, comprehensive approach to reining in the fast-growing federal debt that his own fiscal commission has said is needed, now."  (Jackie Calmes, "A Cautious Approach Seeking Bipartisan Appeal," The New York Times2/13/11)

  • After Shelving Their Recommendations, NBC’s Chuck Todd Asked The President “What Was The Point Of The Fiscal Commission?” (President Barack Obama, The President’s News Conference, Washington, D.C., 2/16/11)
  • CNN’s Jessica Yellin: “The president ordered a deficit commission forum. They recommended overhauling entitlements, and then the budget doesn't touch it. What was the point having a debt commission then?”  (CNN’s “The Situation Room” 2/14/11)

Rep. Hoyer (D-MD) Said “I Think, In Retrospect, The President Probably Should Have Embraced [Bowles-Simpson].” HOYER: “A grand bargain would include, I think, along the lines of Bowles-Simpson.” RALLSTON“Be honest with me. Do you think the president should have just taken Bowles-Simpson which, as you mentioned, two well-respected guys from both ends of the spectrum said let’s implement this. And people criticize him for not doing that.” HOYER“I think, in retrospect, the president probably should have embraced that and said look I’m for a plan very similar to this.” (KSNV’s “Face To Face,” 8/30/11)


BIG PROMISE: President-Elect Obama Predicted That The Green Energy Economy Would Create Five Million Jobs. “It means investing $150 billion to build an American green energy economy that will create five million new jobs, while freeing our nation from the tyranny of foreign oil, and saving our planet for our children.” (President-Elect Barack Obama, The President-Elect’s Radio Address, 11/15/08)

  • President Obama Said Clean Energy Would Create “Hundreds Of Thousands Of Jobs” And “Millions More After That.” “After decades of dragging our feet, this plan will finally spark the creation of a clean energy industry that will create hundreds of thousands of jobs over the next few years--manufacturing wind turbines and solar cells, for example--millions more after that.” (President Barack Obama, Remarks At The Department of Energy, Washington, D.C., 2/5/09)

BIG FAIL: Obama’s Failure To Create The Green Jobs He Promised “Gets More Embarrassing By The Day.” “The green jobs subsidy story gets more embarrassing by the day. Three years ago President Obama promised that by the end of the decade America would have five million green jobs, but so far some $90 billion in government spending has delivered very few.” (Editorial, “Green Jobs Brown Out,” The Wall Street Journal, 10/11/11)

  • “Federal And State Efforts To Stimulate Creation Of Green Jobs Have Largely Failed, Government Records Show.” “A study released in July by the non-partisan Brookings Institution found clean-technology jobs accounted for just 2 percent of employment nationwide and only slightly more — 2.2 percent — in Silicon Valley. Rather than adding jobs, the study found, the sector actually lost 492 positions from 2003 to 2010 in the South Bay, where the unemployment rate in June was 10.5 percent. Federal and state efforts to stimulate creation of green jobs have largely failed, government records show.” (Aarom Glantz, “Number Of Green Jobs Fails To Live Up To Promises,” The New York Times, 8/18/11)
  • Obama’s $38 Billion Green Energy Stimulus Program Only Has A Few Thousand Jobs To Show For It. “A $38.6 billion loan guarantee program that the Obama administration promised would create or save 65,000 jobs has created just a few thousand jobs two years after it began, government records show. The program … has directly created 3,545 new, permanent jobs after giving out almost half the allocated amount, according to Energy Department tallies.” (Carol D. Leonnig and Steven Mufson, “Obama Green-Tech Program That Backed Solyndra Struggles To Create Jobs,” The Washington Post, 9/14/11)


BIG PROMISE: President Obama Said "My Administration Is Committed To Creating An Unprecedented Level Of Openness In Government.” (President Barack Obama, "Memorandum For The Heads Of Executive Departments And Agencies: Transparency and Open Government," Press Release, 1/21/09)

BIG FAIL: CNN’s Jack Cafferty: “President Obama Hasn’t Even Made A Token Effort To Keep His Campaign Promises Of More Openness And Transparency In Government…” (CNN, “The Cafferty File,” 1/6/10)

  • Obama Is Ignoring His Pledge Not To Take Money From Lobbyists, Raising Millions From “Prominent Supporters Who Are Active In The Lobbying Industry.” “Despite a pledge not to take money from lobbyists, President Obama has relied on prominent supporters who are active in the lobbying industry to raise millions of dollars for his re-election bid.” (Eric Lichtblau, “Obama Backers Tied To Lobbies Raise Millions,” The New York Times10/27/11)

Freedom Of Information Act Requests Are Subjected To “Secretive Reviews” By The Obama Administration’s Political Advisors. “The Homeland Security Department official in charge of submitting sensitive government files to political advisers for secretive reviews before they could be released to citizens, journalists and watchdog groups complained in emails that the unusual scrutiny was ‘crazy’ and hoped someone outside the Obama administration would discover the practice, The Associated Press has learned.” (“Gov’t Emails: Political Reviews Over Requests For US Records ‘Meddling,’ ‘Crazy’ And ‘Bananas,’” The Associated Press,3/28/11)

  • The “Unusual Political Vetting” Process Was Described As “Meddling” And “Nuts.” “The newly obtained versions of the same internal emails are not censored. They show that insiders described the unusual political vetting as ‘meddling,’ ‘nuts’ and ‘bananas!’” (“Gov’t Emails: Political Reviews Over Requests For US Records ‘Meddling,’ ‘Crazy’ And ‘Bananas,’” The Associated Press3/28/11)


BIG PROMISE: Obama Promised His Plan Would “Bring Down Costs For The Entire Country By Making Our Health Care System More Efficient Through Better Technology And More Emphasis On Prevention.” (Sen. Barack Obama, Remarks At Economic Roundtable With Democratic Governors, Chicago, IL, 6/20/08)

  • Obama Said “Every Single Good Idea To Bend The Cost Curve And Start Actually Reducing Health Care Costs Are In This Bill.”  OBAMA: “And everybody who's looked at it says that every single good idea to bend the cost curve and start actually reducing health care costs are in this bill.” (President Barack Obama,Remarks At The House Democratic Caucus, Washington, D.C., 3/20/10)

BIG FAIL: Despite President Obama Promising “Over And Over Again” That ObamaCare Would Lower Costs, “Those Costs Are Rising Faster Than Ever.” “In other words, Americans heard the President's promises, over and over again, most of all that the bill would lower insurance costs. Those costs are rising as fast as ever, more so in some places as insurers and providers anticipate the price controls and other regulation to come.” (Editorial, “Less Popular All The Time,” The Wall Street Journal, 10/29/11)

Despite Obama’s Promise To Bend The Health Care Cost Curve, The CBO Projects That Federal Health Care Costs Will Continue Rising. “In addition, the major health care legislation enacted in 2012 will increase the number of beneficiaries of federal health care programs, and CBO projects that the costs of those programs per beneficiary will continue rising …” (“The Budget And Economic Outlook: An Update,” Congressional Budget Office, 8/24/11)

  • Health Care Spending To Hit $4.6 Trillion In 2020.  “The nation’s health care tab is on track to hit $4.6 trillion in 2020, accounting for about $1 of every $5 in the economy, government number crunchers estimate in a report on Thursday …  Including government and private money, health care spending in 2020 will average $13,710 for every man, woman and child, says Medicare’s Office of the Actuary.” (Ricardo Alonso-Zaldivar, “Health Tab To Hit $4.6 Trillion In 2020,” The Associated Press, 7/28/11)

Health Care Spending “Doesn’t Seem To Be Slowing Down.”  “The report from Medicare economists and statisticians is an annual barometer of a trend that many experts say is unsustainable but doesn’t seem to be slowing down.” (Ricardo Alonso-Zaldivar, “Health Tab To Hit $4.6 Trillion In 2020,” The Associated Press, 7/28/11)

When Medicare’s Chief Actuary Rick Foster Was Asked If ObamaCare Would Bring Down Medical Costs As Obama Promised He Said “I Would Say False, More So Than True.” (“Medicare Official Doubts Health Care Law Savings,” The Associated Press, 1/26/11)

  • Foster: “If implemented as written, the health care law will ‘create a whole new world of health care spending.’” (Brett Norman, “CMS: Health Law Will Lead To Rise In Spending,” Politico, 7/28/11)

ObamaCare’s Approval Rating Is Down To 34 Percent From 41 Percent In September Driven By A Decline In Democratic Supporters Of The Law. “Yesterday the Kaiser Family Foundation released its October tracking poll and found that only 34% of respondents have a favorable view of the Affordable Care Act, down from 41% in September. Notably, the decline was due to losing Democratic supporters, who dropped to 52% support from 65% month to month. Meanwhile, 51% of the public is opposed to the vast new government health-care entitlement, up from a prior 2011 average of 45%.” (Editorial, “Less Popular All The Time,” The Wall Street Journal, 10/29/11)

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