Obama’s lies about the Bush years

"Obama's depiction of the Bush years is wrong in just about every possible way. First, Bush was hardly a deregulator. In fact, the nation's regulatory budget nearly doubled in his eight years, and regulatory staffing climbed 42%, according to an annual report on the federal regulatory state by George Mason University's Mercatus Center. Nor did Bush's tax cuts devastate the budget. In fact, revenues as a share of gross domestic product hit 18.5% in 2007, which is above the post-World War II average. And deficits fell three years in a row to a low of $160 billion.

Unemployment, meanwhile, dropped to 4.4% just before the recession hit. And as we've pointed out on countless occasions, the financial crisis that caused the recession was not the result of too little government, but of far too much government intervention in the banking industry.

Then again, Obama can't even keep his own complaints straight. Moments after lambasting Bush's tax-cutting, deregulating ways, he was bragging about how he's imposed fewer regulations than Bush, cut taxes more than a dozen times and how he's not a big spender. (None of that is true.)

The real question before voters isn't whether they want to return to some dark, mythical past of Obama's imagination, but whether they want four more years of a dismal present characterized by stagnant growth, chronic unemployment, massive deficits and a president who is utterly clueless about how to fix any of it."

--Investor's Business Daily