Lies, Lies and Damned Lies

The constant stream of lies and false accusations aimed at President Obama by the Bush Republicans have turned the American political system into a travesty. The die-hard, extreme right-wing conservatives who believe this propoganda need to learn to seek the truth, not blindly support the leaders of the most corrupt political party in the history of this country.

For starters, the current economic situation developed during the Bush Administration. Obama was handed the most difficult situation this country has experienced since the Great Depression. The greed and corruption of Bush and Company caused the financial collapse and their practice of Supply Side Economics swelled the National Debt to over $10 trillion. The cost of the ill-conceived Iraq and Afghanistan wars cost America $1 trillion.

The bailouts were Bush's idea! He originally requested Congress to approve $1.6 trillion in bailouts, mostly to save the financial and insurance organizations that have so ardently supported the Republicans for so many years. And they have the audacity to accuse Obama of advocating socialism. He is actually supporting the people, instead of Big Business, like the Republicans.

For example, here are some of the bailouts originally proposed by Bush:

Bear Stearns: $30 billion
Fannie Mae / Freddie Mac: $400 billion
Citigroup: $280 billion
American International Group (A.I.G.) $180 billion
Auto Industry: $25 billion
Troubled Asset Relief Program (TARP): $700 billion

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