It’s always fascinating to sort through the facts after listening to so much garbage comes out of the Democrats mouths over the last few days.

As John Adams famously stated, “facts are stubborn things”.

In His Democratic Convention Speech, President Obama “Didn’t Present A Detailed Plan For A Second Term” But His Aides Are “Working On One”:
“President Barack Obama Didn’t Present A Detailed Plan For A Second Term As He Accepted Re-Nomination Here Thursday Night, But Back In The White House, They’re Working On One.” (Darren Samuelsohn, “W.H. Plans For A Second Term,”Politico, 9/8/12)
What’s In The Hidden Obama Second-Term Agenda? Job-Killing Tax Hikes On Small Businesses:
President Obama Has Claimed He Would Interpret A Victory In November As “A Mandate” To Proceed With Tax Hikes On Small Businesses And Hard-Working Americans. “In interviews leading up to the Democratic National Convention, Obama talked about how he’d govern if he won another term. He told Time Magazine that because of his policy contrasts with Romney, he’d interpret a win as giving him a mandate to maintain the Bush-era tax cuts for people making less than $250,000.” (Darren Samuelsohn, “W.H. Plans For A Second Term,” Politico, 9/8/12)
President Obama’s Tax Hikes Would Subject 2.1 Million Business Owners To Higher Taxes And Would Jeopardize 710,000 Jobs. “Researchers determined the plan would actually subject 2.1 million business owners to higher rates; specifically, those who pay pass-through taxes, like most partnerships, LLCs and S-Corporations. The result, less capital in the hands of business owners and diminished labor supply, would cost the United States an estimated $200 billion in economic output and 710,000 jobs.” (J.D. Harrison, “Obama Plan To Lift Top Tax Rates Would Plague Millions Of Small Businesses, Study Warns,” The Washington Post, 7/17/12)
President Obama’s Tax Plan “Would Hurt Small-Business Job Creators In Particular.” “New research, released today by the National Federation of Independent Business, shows that allowing tax relief on the top individual rates to expire will hurt job creation and the economy. The report, published by top accounting firm Ernst & Young, shows raising top individual rates would hurt small-business job creators in particular.” (NFIB, Press Release, 7/17/12)
And President Obama Has Promised To Revive His Failed Cap-And-Trade Plan – Which Will Drive Up Energy Costs:
President Obama Has Said The Most Important Policy He Could Address In A Second Term Is Climate Change. “Obama has an ambitious second-term agenda, which, at least in broad ways, his campaign is beginning to highlight. The President has said that the most important policy he could address in his second term is climate change, one of the few issues that he thinks could fundamentally improve the world decades from now.” (Ryan Lizza, “The Second Term,” The New Yorker, 6/18/12)
·         President Obama, On A Second Term In Office: “We’re Going To Deal With Climate Change In A Serious Way.” OBAMA: “We have to have an even more robust energy policy if we’re going to create the kind of jobs in this new energy sector that are needed and we’re going to deal with climate change in a serious way.” (President Barack Obama, Remarks At A Campaign Event, San Francisco, CA, 2/17/12)
Candidate Obama, In 2008: “Under My Plan Of A Cap-And-Trade System, Electricity Rates Would Necessarily Skyrocket.” OBAMA: “When I was asked earlier about the issue of coal, you know, under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it, whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.”(Sen. Barack Obama, Interview With The San Francisco Chronicle’s Editorial Board, 1/17/08)
Starting In 2013, Obamacare Will Be Fully Implemented – Cutting $716 Billion From Medicare And Enacting Job-Destroying Tax Hikes:
According To The Nonpartisan Congressional Budget Office, Obamacare Cuts $716 Billion From Medicare. (Congressional Budget Office, Letter To Speaker John Boehner, 7/24/12)
Obamacare’s Medical Device Tax – Which Takes Effect In 2013 – Could Force “43,000 Jobs Overseas.” “The Advanced Medical Technology Association (AdvaMed) released a report Wednesday that says device-makers might ship 43,000 jobs overseas once the tax takes effect in 2013.” (Sam Baker, “Device-Makers Say Tax Will Cost 43,000 U.S. Jobs,” The Hill9/7/11)
Starting In 2013, Obamacare Will Also Expand Medicare Taxes To Investment Income And Increase Payroll Taxes – Costing Taxpayers $318 Billion. (Congressional Budget Office, Letter To Speaker John Boehner, 7/24/12)
A Second Obama Term Will Produce Trillions Of Dollars In Deficits Over The Next Ten Years:
President Obama’s Budget Will Produce A Deficit Of Nearly $1 Trillion In 2013. “A new analysis of President Barack Obama’s budget for next year says the deficit scenario for next year isn’t as rosy as the White House figured last month. Friday’s Congressional Budget Office report said Obama’s budget would produce a $977 billion deficit next year — $75 billion more than predicted by the White House.” (“CBO: Obama Budget Produces 2013 Deficit Of $977B,” The Associated Press, 3/16/12)
President Obama’s Latest Budget Projected $6.4 Trillion In Deficits Over The Next Ten Years. “The Congressional Budget Office said Friday that President Barack Obama’s tax and spending policies will yield $6.4 trillion in deficits over the next decade, more than double the shortfall in CBO’s own fiscal baseline — even after taking credit for reduced war costs.” (David Rogers, “CBO: Exploding Debt Under Obama,” Politico, 3/16/12)
And President Obama Will Continue To Hit Our Military With Devastating Defense Cuts:
President Obama’s Administration Was Behind The Idea Of “Massive Defense Cuts.” “The book ‘The Price of Politics,’ by Washington Post Associate Editor Bob Woodward, makes it clear the idea for the draconian spending cuts originated in the White House – and not in Congress. According to the book, excerpts of which were obtained by POLITICO ahead of the Sept. 11 release, President Barack Obama’s top deputies believed the prospect of massive defense cuts would compel Republicans to agree to a deficit-cutting grand bargain. Then-OMB Director Jack Lew, now the White House chief of staff, and White House Legislative Affairs Director Rob Nabors pitched the idea to Senate Majority Leader Harry Reid (D-Nev.), Woodward writes.” (Austin Wright, “Bob Woodward Book Could Bolster Republican Attack On W.H.,” Politico, 9/7/12)
President Obama’s Defense Cuts Could Put As Many As 1.5 Million Jobs At Risk. “‘Sequestration ($1 trillion in cuts) assumes across the board spending cuts with losses peaking in the 2013-2014 time period, with 1 million to 1.5 million jobs lost and that could increase the U.S. unemployment rate by nearly 1 percentage point in the near term,’ said Lt. Col. Elizabeth Robbins, a spokeswoman of the Department of Defense.” (Sean Gorman, “Rep. Randy Forbes Says 1.53 Million Defense Jobs Are ‘At Risk,’”Politifact, 10/12/11)
Secretary Panetta: Sequestration “Guarantees That We Are Going To Hollow The Force And Devastate Our National Security.” PANETTA: “And let me tell you something if sequester goes into effect, you can throw all of this out the window. Sequester doubles the numbers of cuts, does it through that crazy formula, and guarantees that we are going to hollow the force and devastate our national security.” (Secretary Leon Panetta, Appropriations Committee, Subcommittee On Defense, U.S. House Of Representatives, Testimony, 2/16/12)