The Numbers Don’t Lie

Gateway Pundit runs down the numbers of just how badly Obama has fouled up this nation. If you own any stock, investments, or savings, you already know this; still, it’s a good reminder for people who aren’t inclined to live in reality:

The US economy enjoyed 7 straight years of unimpeded economic growth during the Bush years. The Bush tax cuts lifted the country out of its recession until the mortgage bubble erupted and the economy took a sudden nosedive in last half of 2008– something Bush repeatedly warned Congress about.

Unlike Bush, President Obama decided to spend his way out of his recession.
Here’s how it’s worked out:

Economists expected a 5 percent annualized decline in the first quarter but instead saw the economy drop by 6.1%.

Despite the recession he inherited, 9-11, stock market scandals, Hurricane Katrina and two wars in Iraq and Afghanistan, the unemployment rate during the Bush years averaged out to 5.27%.

(Numbers from the US Misery Index)
The Obama unemployment rate is at 8.07%.

Spending- The federal government spent a record $11.1 trillion during Bush’s last year in office:

(USA Today graph)
Obama will spend $15.3 trillion in 2009.
This is an increase of $4.2 trillion or 37%.

And, then there are the deficit and debt numbers…
President Bush was able to bring the US deficit down 3 of his 8 years in office:

Barack Obama will quadruple the deficit this year.

Hope-n-change hasn’t actually been all that kind to America, has it?

There’s my two cents.

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About

I'm a gun-owning, Bible-thumping, bitter clinger conservative in the heartland. You can disagree with me if you want (you do, after all, have a right to be wrong)...just don't be rude or stupid and we'll get along just fine! :)

Posted in Economy, Liberal Hypocrisy

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