Yesterday Barack Obama tweeted that the executive order he signed Friday, granting amnesty to 5 million illegal aliens, would increase the U.S. gross domestic product by tens of billions of dollars. He didn’t specify a time frame, but who needs one? The claim is no less ridiculous than his previous boasts, also backed by Keynesian economic theory, including the official White House position this past February that Obama’s $800 billion stimulus package had worked. (And while we’re on the subject of economic promises that panned out, how’s that $2,500 savings on your health insurance policy working out for you?)
FACT: President Obama’s #ImmigrationAction will boost the U.S. GDP by tens of billions of dollars.
— Barack Obama (@BarackObama) November 22, 2014
Needless to say, Obama’s tweet was answered by its share of detractors. Here are several typical responses:
@BarackObama Fact – you’ve lied about so much that without proof I don’t believe anything you say. This flies in the face of basic economics
— Axios (@AxiosCA) November 22, 2014
— Lechon_Akbar! (@ChuckBiller) November 22, 2014
— jon gabriel (@exjon) November 22, 2014
@BarackObama per Jonathan Gruber?
— Lori Hoeksema (@lorihoeksema) November 22, 2014
Maybe the president was simply confusing GDP with the national debt, which he has increased by more than $7 trillion. That’s more debt than was accumulated in the first 227 years of the nation’s existence — from 1776 through 2003.
(h/t Weasel Zippers)