FACT Checking the DNC

Democrats keeping it classy!  I do wonder – if the GOP convention had these buttons, but they said “Once You Vote White You Will Always Vote Right”, what kind of a crap storm would that have caused?

DAY 1:

Net job gain under Obama, from the Day he took office through the present is NOT 4.5 million that they love to claim; according to the governments own BLS reports: NET Job Gain under Obama is 300,000 in the private sector and – 300,000 in the public sector making job gains a +/- ZERO gained!!!

Meanwhile, the jobs that have come back aren’t the same ones that were lost.

Are you better off?

According to a study released last week by the liberal-leaning National Employment Law Project, low-wage fields such as retail sales and food service are adding jobs nearly three times as fast as higher-paid occupations.

On Pell Grants, FactCheck.org found that Castro distorted the changes that Paul Ryan has called for when it comes to Pell Grants when he suggested that Ryan’s “Path to Prosperity” budget “guts” the program.

Ryan’s plan would limit the growth of the Pell Grant program while keeping the maximum award stable at $5,550.

DAY 2:

Be careful on that war on women mantra – looks like Obama has an issue with hiring and paying women in the white house comparable to men….. just sayin

The repeated claim that Obama’s budget reduces the deficit by $4 trillion is simply not accurate.

In other words, by projecting war spending far in the future, the administration is able to claim credit for saving money it never intended to spend. (Imagine taking credit for saving money on buying a new car every year, even though you intended to keep your car for 10 years.) ”

Clinton exaggerated when he said Obama’s 2009 stimulus bill “cut taxes for 95% of the American people.” That’s too high. The “Making Work Pay” tax credit cut taxes temporarily for about % of workers — those with “earned income.” But it didn’t benefit pensioners or the unemployed, for example. The nonpartisan Tax Policy Center estimated in 2010 that it benefited 76% of all families and single individuals.

CLINTON:Clinton suggested that Obama’s health care law is keeping health care costs in check.

“For the last two years, health care spending has grown under 4 percent, for the first time in 50 years. So, are we all better off because President Obama fought for it and passed it? You bet we are.”

THE FACTS: That’s wishful thinking at best.

Meanwhile, people insured through the workplace by and large have seen little relief from rising premiums and cost shifts. According to the nonpartisan Kaiser Family Foundation, the average premium for job-based family coverage rose from $13,375 in 2009 when Obama took office to $15,073 in 2011. During the same period, the average share paid by employees rose from $3,515 to $4,129.

While those premium increases cannot be blamed on the health care law — as Republicans try to do — neither can Democrats claim credit for breaking the back of health care inflation.

New York Times, April 28, 2012: The growth rate mostly slowed as millions of Americans lost insurance coverage along with their jobs. Worried about job security, others may have feared taking time off work for doctor’s visits or surgical procedures, or skipped nonurgent care when money was tight.

 CLINTON: “I know many Americans are still angry and frustrated with the economy. … I experienced the same thing in 1994 and early 1995. Our policies were working but most people didn’t feel it yet. By 1996, the economy was roaring, halfway through the longest peacetime expansion in American history.”

THE FACTS:…But Clinton leaves out the abrupt downward turn the economy took near the end of his own second term and the role his policies played in the setting the stage for the historic financial meltdown of 2008.

Sure enough, the tech-heavy Nasdaq composite stock index and the Dow Jones industrial average both peaked in March 2000. The bursting of the high-tech bubble dragged down the economy and markets through the rest of the year.

From September 2000 to January 2001 when Clinton left office, the Nasdaq dropped 46 percent. Even now, in 2012, the Nasdaq has not returned to its 2000 peak. By March 2001, the economy toppled into recession.

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