Obama "closed offshore tax safe havens."
"Ronald Reagan faced an even worse recession" than the current one.
"History tells us that job growth always lags behind economic growth."
"That 3.5 percent (increase in the third quarter GDP) came from two things — government spending on Cash for Clunkers — they just moved fourth-quarter auto sales into the third quarter — and the first-time home buyer thing."
Three presidents in the last century — Harding, Kennedy and Reagan — all cut taxes during recessions and produced "rapid and dramatic economic recoveries," while two, Herbert Hoover and Barack Obama, did "the opposite."
"Democrats rang up a $1.42 trillion budget deficit in 2009 — the single largest in American history."
During the Reagan administration, "Millions of people were thrown out of work."
During the Reagan era, while productivity increased, "wages for working people remained frozen."
Forty percent of gross domestic product "is state, local, or federal money."
All the talk about socialism during the campaign made young people more interested in it by Election Day.
"The richest 1 percent have more financial wealth than the bottom 95 percent combined."
The Obama administration "was successful in rushing a massive spending bill through Congress in just two days — after which it sat on the president's desk for three days, while he was away on vacation."
Most of the stimulus money will be spent "not this year, not next year, but in 2011."
A former Clinton administration official and other economists agree that "if you keep extending these temporary unemployment benefits, you're just going to extend joblessness even more."
There were more job losses per month in the last three months under President Bush than in the past three months under President Obama.
The stimulus "has delivered $43 billion in tax relief to American working families and businesses"
The Obama administration has spent millions of taxpayer dollars for roadside signs to tout the economic stimulus.
"Job losses are so certain under this new cap-and-tax plan that it includes a provision accommodating newly unemployed workers from the resulting dried-up energy sector, to the tune of $4.2 billion over eight years. So much for creating jobs."
"Only about 6.8 percent of the (stimulus) money has actually been spent."
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PolitiFact is a project of the St. Petersburg Times to help you find the truth in American politics. Reporters and editors from the Times fact-check statements by members of Congress, the White House, lobbyists and interest groups and rate them on our Truth-O-Meter. We’re also tracking more than 500 of Barack Obama’s campaign promises and are rating their progress on our new Obameter. >> More
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