More staggering economic visuals from Gateway Pundit:
Is Obama the “Depression President?”
The markets continue to predict the outcome of Barack Obama's failed economic policies of massive spending and record deficits.
Things don't look so good right about now.
Team Obama projects a record $1.75 trillion budget deficit this year:
CBO chart via RedState
These numbers were released today by the Obama Administration:
The Obama plan assumes that massive government spending and record deficits are going to jump start the economy.
The Wall Street Journal breaks it down:
After contracting at a 1.2% rate in 2009, a more modest drop than the Congressional Budget Office and Blue Chip Consensus forecasts assume, the White House sees growth domestic product growth snapping back by 3.2% next year and then 4% or higher the three years after that.
The last time the economy preformed that well was the New Economy heyday of the late 1990s.
The White House is putting all of their money, and yours, on the assumption that the elevated deficits will be beneficial to the economy.
So far the markets aren't buying it.
This is the kind of wildly inaccurate calculation that Democrats rely on when they say that there was a huge surplus after Clinton left office. It just ain't true, if you care to look at reality, and this shows you why.
The bottom line is this: Obama is killing the American economy.
Hope-n-change? We'll be hoping for change soon…if you aren't already.
There's my two cents.