Saturday, November 12, 2011

Republican and Right Wing Lie Exposed, Obama is Anti-Business

The Washington Post reports:
Wall Street firms — independent companies and the securities-trading arms of banks — are doing even better. They earned more in the first 2 and 1 / 2 years of the Obama administration than they did during the eight years of the George W. Bush administration, industry data show.  See the Data in an Xcell spreadsheet here.
If Obama is so anti-business, how do you explain corporations record profits (1.4 trillion in 2010) and large cash reserves (2 trillion).  Another common and frequently mentioned republican lie is that Obama's administration is killing business with excess regulations.  This lie is well refuted by a recent study that shows that the Obama administration has written 5% fewer rules than the Bush administration during the same amount of time in office.  The only anti-business policies in Washington are those imposed by Mitch McConnel and John Boehner who will not do anything to boost our economy because they want President Obama to be a one term President.   These Republican leaders are actively sabotaging the American economy in order to fulfill their personal desire to see Obama as a one term president.   I don't see how anyone can call Mitch McConnel, John Boehner and Eric Cantor patriots when they will do nothing to help our un-employed workers or fix our failing infrastructure. 

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