Five Democratic broken promises from 2008

In his 2008 speech, Obama acknowledged that many of his policies (including goosing the alt-energy industry) would cost money, “which is why I’ve laid out how I’ll pay for every dime—by closing corporate loopholes and tax havens that don’t help America grow. But I will also go through the federal budget, line by line, eliminating programs that no longer work and making the ones we do need work better and cost less.”

While you can already hear the Democratic retort that The Financial Crisis Changed Everything, it’s important to note that Obama was still campaigning on a “net spending cut” after the financial crisis hit. The 2008 DNC was filled with ringing denunciations of how George W. Bush increased the national debt and deficit, and that the Democratic Party would restore fiscal rectitude. The party platform promised that, “In this time of economic transformation and crisis, we must be stewards of this economy more than ever before. We will maintain fiscal responsibility, so that we do not mortgage our children’s future on a mountain of debt.”