This is something that needs to be permanently burned into the mind of every American:
This is really sad.
And, just like how Obama and the democrats lied about the the last 8 years of economic growth, they are hoping that the media will play along with them and blame Bush for the dangerous deficit they have already racked up in Obama’s first 40 days on the job.
To be clear– those failed Bush policies dropped the deficit 4 of 8 years, held an average unemployment at 5.2%, saw the strongest productivity growth in 4 decades and witnessed robust GDP growth.
Bush was able to do this despite the recession he inherited, 9-11, Hurricane Katrina, and wars in Iraq and Afghanistan.
As you can see from this chart, after the Bush tax cuts were implemented the budget deficit was reduced 3 of the last 4 years:
CBO chart via RedState
The deficit was reduced in 2005, 2006 and 2007 even with war and implementation of the successful Bush surge of troops in Iraq.
It wasn’t until the mortgage crisis struck the economy, a crisis Bush warned the democratic Congress about 17 times in 2008 alone, that the deficit climbed to $459 billion.
USA Today published an interactive chart on the the Obama Administration’s significant increase in spending this year.
In President Bush’s last year in office, 2008, the deficit reached $459 billion:
In President Obama’s first year in office the deficit is expected to reach $1.75 trillion and that is if everything goes according to the rosy scenario they are hoping for:
That is nearly 4 times as much as during President Bush’s last year in office.
Obama wants to blame Bush for this.
Don’t let him.
Bush didn’t leave a trillion dollar debt.
Obama already has.
DO. NOT. LET. THIS. SLIDE. BY.
Furthermore, when questioned about the plummeting stock market, Obama shrugged it off, saying this:
What I’m looking at is not the day-to-day gyrations of the stock market, but the long-term ability for the United States and the entire world economy to regain its footing. And, you know, the stock market is sort of like a tracking poll in politics. You know, it bobs up and down day to day. And if you spend all your time worrying about that, then you’re probably going to get the long-term strategy wrong. (video here)
A quick reminder of that ‘up and down’ bobbing:
Also, if the stock market were a poll, Obama would be back in the Senate. And isn’t it great how the Obamessiah is so flippantly disregarding the prime indicator of the evaporation of about half of most Americans’ wealth and savings?
And all this has happened because of what he’s saying…just wait until his policies actually kick in.
It’s his disaster…make him own it, and don’t let anyone forget that fact.
There’s my two cents.