It was quite simple. All that was needed was an unending series of victories over your own memory. “Reality control,” they called it: in Newspeak, “doublethink.” - George Orwell (1984) |
The stupidest quote of the century: "I’ve abandoned free market principles to save the free market system."
I would probably have a bit more respect for our current president if he would have voted against Bush's stimulus package, instead he, like McCain, suspended their campaigns and decided to throw capitalism overboard and as far as I'm concerned, Obama is just as guilty for our current economic strife.
Now we get a new phrase in the lexicon of politics, "I inherited it..."
Now, I don't know about you, but if I were hired to clean up the mess that my predecessor created, how long could I use that excuse before my inaction and a series of blunders caused skeptical eyebrows to raise? Particularly if I were ten months into the job. By that time, if I hadn't shown any improvement of fixing the mess, I would probably get the Donald Trump treatment.
Yet, in ten months of "inheriting it", what evidence is there that Obama has improved the Bush economic mess? Before we answer that question, we should, in all fairness, look at what Bush left on the table.
- Unemployment was hovering between 5-6%
- When he left office the national debt was $10,626,877,048,913.08
- The federal deficit was about $1,2,000,000,000,000 *
So what has Obama done since then to fix this mess he inherited? Let's see:
- He has accelerated the Bush bailouts
- Bush spent 3 percent of GDP on federal antipoverty programs. Obama increased it by 20%
- Bush owned a $2.5 trillion increase in the public debt through 2008. President Obama’s budget has added $4.9 trillion in public debt from the beginning of 2010 through 2016
- Unemployment is now 9.8%
- The national debt is just under $12,000,000,000,000 and rising
Remember this quote, "I love these folks who helped get us in this mess and then suddenly say, 'Well, this is Obama's economy', That's fine. Give it to me!"
Well, Bush gave it to you, now look what you've done with it. Using the infamous words of Donald Trump, "YOU'RE FIRED!"
*This number may be wrong. Doing some simple research, I was getting conflicting numbers. So, I chose that number because it came up the most frequently, however, the number may have been $2.5 trillion.
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