The lies last night began in Obama's opening paragraph. "When I spoke here last winter," he began, "credit was frozen. And our financial system was on the verge of collapse." In fact, Obama spoke on Feb. 24, at least six weeks after credit markets began to thaw, and one week after heproclaimed that the passage of his $787 billion stimulus marked "the beginning of the end, the beginning of what we need to do to create jobs for Americans." Obama's speech that day wasn't about staving off a collapse, it was about cleaning up the mess and tackling long-ignored issues. Such as health care.
It's never encouraging when a politician who desperately needs to convince skeptical Americans of his fiscal sobriety starts off by slurring his words. As you might then infer, Obama was just warming up. "Insurance companies," the president announced, "will be required to cover, with no extra charge, routine checkups and preventive care, like mammograms and colonoscopies," in part because such prevention "saves money." Looks like someone forgot to tell the Congressional Budget Office, or other non-White House sources that have analyzed the cost-benefit of prevention.
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