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Who is believes this lie?
Obama just stated that one American goes bankrupt every 30 seconds due to health care cost. That's 1,051,200 cases per year! A study by The Institute for Financial Liberties indicates 52% of bankruptcies were the result of loss of income. Of those bankruptcies, 36% percent of those were the result of injury or illness. We'll just assume all those fall in the health care category just to be fair.
However, the total estimated number of bankruptcies in 2008 were 1,086,000. That's not good by any means. But these two figures do not add up. Who's lying?
1 Answer
- Psycho MagnetLv 61 decade agoFavorite Answer
He was a good "salesman" while campaigning and his facts were often off, so it should come as no shock that he's still a good salesman with bad facts as the President.
As someone else said, he also claimed America invented the automobile and that was invented in Germany.
He also blamed the previous "Wall Street Bailout" on the Bush administration - apparently forgetting his quick flights to Washington to help with negotiations and brokering the deal despite public outrage.
That's how politics works though - as long as it sounds good - use it!
