1. Hillary Is A Liar In Campaign, But A Heroine As Secretary Of State
The Democratic primary was brutal, and the attacks on Hillary were relentless. If half of what was said in the attacks were true, and Hillary was so unfit, why is she such a great choice for Secretary of State? We think she is an exemplary selection and the attacks on her were some of the biggest lies and distortions of the campaign.
2. Oil at $147 A Barrel.
The Saudis and OPEC lied about their capacity and concealed new supply. That lie led to speculation that supplies were dwindling and sent prices soaring world-wide on the premise that capacity was not sufficient to meet demand. The facts dawned and oil collapsed from $147 to $38.
3. The Economy of Hybrid Vehicles.
Hybrid vehicles do not save energy. They do not pollute less and they do not save the owner any significant amount on fuel. It would have taken years to save back the premium in price of a hybrid when gas was $4.00 a gallon. Pollution-wise, it is a toss up, considering how much energy is used and how much carbon dioxide is emitted in the manufacture of the batteries. Some don’t even save fuel relative to their fossil fuel powered equivalents.
Hybrids were painted as a way of reducing our dependence on foreign oil. It was a marketing, and later, a political lie.
The financial problems we have in America have been building for decades. Deregulation was not the cause. And even if it were, there were many proponents of deregulation. Alan Greenspan admitted openly he was a primary contributor to our financial malaise. Alan was not even appointed by Bush. Go figure.
5. The association between today and the Great Depression.
This is the biggest distortion we have heard repeatedly from the media over the past year. They pick out small statistics that match the time of the Great Depression in order to make their news reports worthy of our attention. There is no real association. During the great depression, unemployment was between 25-35%. Wages dropped nearly 50% for those that kept their jobs. Between 1929 and 1933, U.S. GDP growth declined by around 30 percent, the stock market lost almost 90 percent of its value. Nearly half of the nation’s banks failed.
The comparison between the Great Depression and today is hype only and another lie.