Obama has only been President for four. So, if you’re going to blame his policies — and we both do — we must conclude that those policies began before Obama… that they began with Bush.
So much for the “Obama is a liberal” mantra.
P.S. The previous 8 hadn’t been very good either, and yet you argue for Obama to continue the disastrous give-aways to the 1% at the expense of jobs and the middle class.
Yeah, you keep trying to defend Obama with your plastic sword of Bush hate, sweetheart, but the fact is that when you take all the factors into account, there is no comparison. And you still have it wrong on the whole “giveaways to the 1%, thing. You still need to stop drinking Koolaid it is bad for your perception. If you mean the tax cuts, then let’s explore that as we go through the following list.
Since President Obama Took Office, The Nation Has Lost 261,000 Jobs And The Unemployment Rate Has Increased From 7.8 Percent To 8.1 Percent. (Bureau Of Labor Statistics, Accessed 9/17/12)
The Unemployment Rate Peaked At 10.1 Percent In October 2009. (Bureau Of Labor Statistics, Accessed 1/6/12)
Since President Obama’s $825 Billion Stimulus Passed, The Nation Has Lost 1.1 Million Jobs.(Bureau Of Labor Statistics, Accessed 1/6/12)
Since Obama Took Office, The National Debt Has Risen $5.4 Trillion, An Increase Of 51 Percent. (U.S. Department Of The Treasury, TreasuryDirect.gov, Accessed 9/17/12)
As to the supposed current budget plan: http://www.washingtonpost.com/blogs/wonkblog/post/wonkbook-5-things-to-watch-in-obamas-2013-budget/2012/02/13/gIQAbYKhAR_blog.html
“This Is The Fourth Straight Year That The Deficit Will Exceed One Trillion Dollars, All Under President Obama.” (Erik Wasson, “CBO Says 2012 Deficit Has Reached $1.17T,” The Hill, 9/10/12)
Obama Had Already Racked Up The Three Largest Deficits In U.S. History. “The U.S budget deficit for fiscal year 2011 is $1.299 trillion, the second largest shortfall in history. The nation only ran a larger deficit for the 2009 fiscal year, which included the dramatic collapse of financial markets and a huge bailout effort by the government.”(Erik Wasson, “Treasury Announces 2011 Deficit Is Second Highest In History. ”http://thehill.com/blogs/on-the-money/budget/187681-its-official-deficit-is-second-highest-in-history
Even Tim Geithner had to make some embarrassing admissions: http://www.youtube.com/watch?feature=player_embedded&v=WdcQGJF_jmY
Current CBO Projections are equally dim: http://www.cbo.gov/publication/43907
And, he really wasn’t all that bright as to how to fix the housing crisis either: http://www.propublica.org/article/obama-housing-plans-vs.-reality
As to the whole health care miracle, our messiah once again failed. Health Premium Growth Slows to 4.5% in U.S., Kaiser Says
He was wrong on the “education fix” too: http://www.nbcnews.com/id/45040257/ns/us_news-education/#.TqgJ6Jsr27t
That whole health care thing? Fail! http://factcheck.org/2012/01/promises-promises/
Then there was The Non-Green Jobs Boom: http://online.wsj.com/article/SB10001424052970204190704577024510087261078.html?mod=rss_opinion_main
All that money he dropped on green jobs produced jack: http://online.wsj.com/article/SB10001424052970204450804576623212299743484.html
A Generation Hobbled by the Soaring Cost of College: http://www.nytimes.com/2012/05/13/business/student-loans-weighing-down-a-generation-with-heavy-debt.html
Report Details Woes of Student Loan Debt: http://www.nytimes.com/2012/07/20/business/government-report-details-student-loan-debt.html?partner=rssnyt&emc=rss
Fed’s Holdings of U.S. Gov’t Debt Hit Record $1,696,691,000,000; Up 257% Under Obama: http://cnsnews.com/news/article/fed-s-holdings-us-govt-debt-hit-record-1696691000000-257-under-obama
Obama Increased Foreign Aid 80%; Spent 76% More on Foreign Aid Than Border Security: http://cnsnews.com/news/article/obama-increased-foreign-aid-80-spent-76-more-foreign-aid-border-security
Also feel free to paruse the following:
Now, to be totally fair, Obama ALSO continued the Bush policies that were also failures: http://www.foxnews.com/opinion/2012/10/18/obama-has-continued-bushs-failed-policies/
One could, if a reasonable thinker, be led to the conclusion that it was more of an Geithner/Bernanke problem than either a Bush or Obama problem. But, the fact is that there has been far more damage done in the last four years, than in all of the 8 before it. We are well past the stage where blaming Bush has any meaning at all.
Great set of links regarding the state of the economy during the Obama presidency. Both sides of the aisle should credit American ingenuity, natural resources, and plain ‘ole hard work for any economic success. The only credit politicians should take is when they get out of the way.