Our good friends at Controversial Politics.com take a look at one of the biggest Obama lies:

"During 2008 to early 2009, a lot of the industrialized countries began to enter what can only be called a deep recession. The initial signs of danger began with a financial crisis in the U.S.  A financial crisis instigated by the Democrats. This crisis was due to unwise and reckless lending practices in the mortgage banking industry which were mandated by Federal Law. Democrats, including Obama wrote, passed, and enforced those edicts. Some claim that it was a victimless crime to over extend assets, but time has shown us that there are victims. People who could not afford to buy a home were subsidized by those who could to the point that the balanced tipped, and those who were getting a free ride outweighed those who actually had earned the credit to buy their own home.

Toxic loans are those loans issued in excess of the debtor's ability to pay. Banks issued them under federal mandates and with Federal guarantees. Programs that Obama and the Democrats support like Fannie Mae and Freddie Mac forced these loans into the systems to make good on a socialistic agenda of getting everyone a home. From a purely economic viewpoint that is an unrealistic objective. The result is the current Depression we are enjoying.

So what was the promise of hope that Obama won the election on?  Hope of recovery from the worst Depression since the 30's?  Hope of a job when Obama and the Democrats are doing their best to destroy jobs? Hope of a future for your children when Obama and the Democrats are mortgaging their future to pay of promises to unions and foreign governments?"