In his latest television ad President Obama makes four new promises to the American people. But before Americans assess Obama’s plan for a new “economic patriotism” they should check to see how will Obama has fulfilled the promises he made the last time he was asking for their votes.
Obama promise: “If we create a new energy economy, we can create five million new jobs, easily, here in the United States.”
Obama reality: U.S. economy has lost 261,000 jobs since Obama became president.
Obama promise: “Actually I’m cutting more than I’m spending so that it will be a net spending cut.”
Obama reality: Federal spending is up 27 percent since Obama became president and will be up 40 percent by 2016 if he is reelected.
Obama promise: “I’m pledging to cut the deficit by half by the end of my first term in office.”
Obama promise: “In an Obama administration, we’ll lower premiums by up to $2,500 for a typical family per year.”
Obama reality: Health insurance premiums have gone up by $2,370 for the typical family.