The Big-Lie Coup d’Etat (July 2nd 2012) The Big-Lie Coup d’Etat (July 2nd 2012)

Robert Bernard Reich the 66 year old American political economist and professor has published an article on his blog titled ‘The Big-Lie Coup d’Etat’ assessing the “… launching [of] a multi-million dollar TV ad buy [by] Crossroads GPS, the sister organization to the super PAC American Crossroads run by Republican political operative Karl Rove. …is a tax-exempt nonprofit group, it can spend unlimited money on politics — and it doesn’t have to reveal where it gets the dough. By law, all it has to do is spend most of the money on policy “issues,” which is a fig leaf for partisan politics. …The narrator in the ad … solemnly intones: “In 2008, Barack Obama said, ‘We can’t mortgage our children’s future on a mountain of debt.’ Now he’s adding $4 billion in debt every day, borrowing from China for his spending. Every second, growing our debt faster than our economy,” he continues. “Tell Obama, stop the spending.” This is a baldface lie, by the way. Obama isn’t adding to the debt every day. The debt is growing because of obligations entered into long ago, many under George W. Bush – including two giant tax cuts that went mostly to the very wealthy that were supposed to be temporary and which are still going, courtesy of Republican blackmail over raising the debt limit. In realty, government spending as a portion of GDP keeps dropping.”

 

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