5 Big Lies by Barack Obama in State Of The Union Address Was Completely Wrong About The Economy

Big Lie #1 
America Will "Out-Innovate" The Rest Of The World And This Will Create More Jobs

Perhaps we could create some more cutting edge products like the Apple iPhone, right? After all, Apple iPhones were one of the most wildly successful American technological innovations of the past decade. Surely this is the kind of innovation that Obama would like to see more of. Do you know where Apple iPhones are made? Apple iPhones are manufactured in China by workers making about 293 dollars a month (and that was after a big raise).

In 2008, 1.2 billion cellphones were sold worldwide. So how many of them were manufactured inside the United States? Zero.....so much for that lie...

Big Lie#2: 
America Will "Out-Educate" The Rest Of The World And This Will Create More Jobs

For decades, U.S. presidents have promised that "education" is the key to competing with the rest of the world.

Okay, if suddenly every single person in the United States had an extra college degree, would that mean that more jobs would suddenly start popping into existence?...Of course not....Right now, we can't produce enough nearly enough jobs for all of the college graduates that we already have....Sadly, the truth is that we are already experiencing an epidemic of unemployment among our college graduates.

Big Lie #3
America Will "Out-Build" The Rest Of The World And This Will Create More Jobs

ROTFL : So is Obama going to do something to stop the flood of jobs and factories that are leaving the United States?

No, in fact he intends to "increase" trade with countries such as China and India. That is going to mean that thousands more factories and millions more jobs are going to be "outsourced"....Did anyone believe that one????

Big Lie #4: America Will Become "The Best Place In The World To Do Business" And This Will Create More Jobs

WoW!! WHAT A WHOOPER!!! It was incredible that Barack Obama could suggest that America is "the best place in the world to do business" with a straight face.

When you consider all forms of taxation, U.S. businesses face one of the most oppressive taxation regimes in the entire world......not only that, U.S. businesses also have to deal with one of the most horrific regulatory environments in the history of mankind.....
In FACT....the U.S. Food and Drug Administration is projecting that the food service industry will have to spend an additional 14 million hours every single year just to comply with new federal regulations that mandate that all vending machine operators and chain restaurants must label all products that they sell with a calorie count in a location visible to the consumer.....

Big Lie #5:
Barack Obama Pledges To "Take Responsibility" For Our Deficit Spending

OMG! Again....How did He Keep A Straight Face????
During Barack Obama's first two years in office, the U.S. government added more to the U.S. national debt than the first 100 U.S. Congresses combined.....
In fact, since Barack Obama took office, the U.S. government has gotten us into so much new debt that it breaks down to $10,429.64 for each of the 308,745,538 people counted by the 2010 U.S. census....

Government debt is absolutely out of control. At this point, the U.S. national debt is increasing by roughly 4 billion dollars every single day......and as you read this Congress is ready to RAISE the Debt Ceiling past the 20,000,000,000,000 dollars we are now at...

This is a pack of lies and anyone that believes ANY of them is living in complete denial of the truth....