Folks, this is just one of many things Obama has said that are untrue about our economy, government spending, socialism, the private sector, the “New Deal,” and Japan’s failed attempt at Socialism. I won’t waste your time here with the video of his speech tonight, but I do want to provide you with some insight and TRUTH about the New Deal, Japan’s economy, etc., and how it is the absolute opposite of what Obama spoke about tonight.

Today on Glenn Beck, he had on guests Thomas Woods, author of “Meltdown,” and Burton W. Folsem, Jr., author of “New Deal, Raw Deal” to talk about the so-called stimulus plan proposed by the Democrat majority and their “dear leader,” BHO. Both reveal the truth about what the New Deal and Japan’s economic plans failed at miserably, and their educated history lessons should be a warning to us all.

From the Ludwig von Mises Institute:

President Obama is under the impression that history owes him $1 trillion right now to spend on whatever he wants. His language is strident and full of irritation that anyone would question his right to live out his personal dream of being Franklin Roosevelt to George Bush’s Hoover. This, he says, is what the election was all about.