Obama Off by 3,000% on Insurance Premium Savings

Obama told a group of supporters on Monday that with Obamacare their premiums will decrease by 3,000%.
They actually clapped and screamed when he pushed this ridiculous figure:

But, of course, this was not true. It wasn’t even close. In fact, even the AP wasn’t buying it, via Sweetness and Light:

Buyers, beware: President Barack Obama says his health care overhaul will lower premiums by double digits, but check the fine print.

Premiums are likely to keep going up even if the health care bill passes, experts say. If cost controls work as advertised, annual increases would level off with time. But don’t look for a rollback. Instead, the main reason premiums would be more affordable is that new government tax credits would help cover the cost for millions of people.

Listening to Obama pitch his plan, you might not realize that’s how it works.

This is another good reminder that Obama and democrats will say and do anything to get their horrid bill passed.

More… Major Kong is beside himself:

Well that’s not good news. I just applied for a Community Reinvestment Act loan to be provided by Fannie Mae, in which I listed as assets the huge savings I was to realize through the 3,000% reduction in my medical insurance premium. Now I may not get the loan.And if I don’t get the loan what hope do I have of getting bailed out when I can’t make loan payments?

What to do? What to do?

gatewaypundit.firstthings.com