November is coming…
In March 2006, when George W. Bush was president, 41% rated the economy “excellent” or “good” while 24% called it “poor” in an ABC News/Washington Post poll. Yet in that year’s midterms, Republicans lost six Senate seats and 30 House seats.
The situation facing Democrats is more ominous. The March 2 ABC News/Washington Post survey reported a mere 28% rated the economy “excellent” or “good” while 28% called it “poor.” Unless the Obama economy dramatically improves, it will be politically toxic for Democrats.
Democrats no longer have health care as a strength. The dreadful rollout of ObamaCare left the president with a 36% approval rating and a 59% disapproval rating for his handling of health care in a March 6 Fox News poll.
Yesterday, Wall Street reported the highest stock market value in modern history. A true testament to what happens when the FED pumps $40 Billion per month into the market with artificially low interest rates and is completely detached from Congress’s or Capitalism’s laws… laws which sooner or later will exact their flesh with the wrath of a holocaust. America might not survive this time.
Flashback to 2007:
The Congressional Budget Office estimated Friday that the U.S. federal budget deficit for fiscal year 2007, which ended Sunday, was about $161 billion, or 1.2% of gross domestic product. That’s down from the $248 billion shortfall recorded in fiscal 2006, which translated into 1.9% of GDP. The Treasury Department will report the official tally later this month.
Those are George Bush’s real numbers using the WAAP accounting approach. Numbers that President Obama had the audacity to call “unpatriotic.” $161 Billion… CNN argued at the time it was more likely 2.5 times that amount, which still only comes to $402 Billion, and the $161 billion figure is from the accepted CBO calculations for that year.
Now consider this year’s $1.33 Trillion Obama deficit. Using the WAAP numbers from Bush, that means that Obama’s deficit is 8.3 times larger than Bush’s was. 8.3 times larger! An absolute outrage, and where are ABC, CBS, NBC, CNN, MSNBC, and NPR media organizations to report this? Gas was $1.84 per gallon at the time, too. Now it is well over $4.00 per gallon.
Obama’s hollow and incompetent words from 2007:
“today I’m pledging to cut the deficit we inherited in half by the end of my first term in office.” – B. Obama 2007
The stock market’s irrational climb against nonsensical energy, fiscal, and foreign policies can only end in tragedy, in spite of liberal economists penguin-clapping that is detached from reality. Interest rates are too low, the markets and unemployment are too high, China is on the verge of collapse, and the Middle-East is war-torn. All the ingredients needed for another world financial apocalypse. All we are missing is an amateurish leader, and he was just reelected.
Both Bush and Obama have been massive financial failures as Presidents, but to not acknowledge that Obama has dangerously increased the debt at a time revenues are higher than ever is just disingenuous, precarious, and, yes, unpatriotic. America is truly in harm’s way.
You still believe the media myth that George Bush was the big spender compared to Obama? Go away Liberal troll.
The following chart shows the total Government debt from 2000 and beyond, expressed as a percentage of GDP:
Notice during the early George Bush years that debt rose in direct correlation to 9/11, hurricane disasters, and engagement in multiple massive wars. Incredible amounts of anti-terror infrastructure, CIA black sites, Guantanamo Bay, airport security, and military and defense build-up took place, including creating the highly successful drone program that Obama wishes he could take credit for. Stuxnet, which wiped out Iran’s centrifuge program with a super sneaky computer virus? Sorry, that is also thank you George Bush.
What stands out most is not how massively efficient George Bush’s accomplishments were compared to the debt incurred by Obama, it is what happens in 2007. Democrats took full control of Congress. A truly scary time in our history. By the time Obama takes office, the percentage of debt to GDP rises nearly 25%. Housing collapse you say? Well, sure. It was a huge factor. A Democrat factor. One that George Bush tried to prevent multiple times and was blocked each time by Democrats like Barney Frank, Franklin Raines, Barbara Boxer, and Maxine Waters screaming faux-racism. Truth be told, you should ask Bill Clinton who really started that Greek tragedy rolling.
Next, enter Obama. Debt rising astronomically. Economy on the cliff. Instead of pulling back or producing a rational solution, our faux-Nobel Peace Prize liberal decides he’s not going to let reality contain his arrogance. Off he goes with a liberal wink at jobs to foist Obamacare. Actually, there was the failed Chicago Olympic quest, Union Card Check, Global warming carbon scams, and a few other hiccups in road like giving GM to the Unions to get out of the way first.
Gasoline was $1.84 the day Obama took office. For the bulk of his first term and through today his anti-capitalism and faux-domestic energy
policies have contributed to one of the biggest generational thefts besides Obamacare, in the form of gasoline prices against the American people. Catalyzed by the suppression of oil drilling on the east, west, and Gulf coasts shortly after Obama took office. $100 Billion wasted on Solyndra-like green subterfuges. Pretend-stimulus programs that in reality were epic wealth transfers to blue State budget shortfalls and union jobs and pensions.
Even after adjusting for inflation and population growth, entitlement transfers to individuals have grown 727% over the past half-century, rising at an average rate of about 4% a year.
Don’t even think about taking a look at the capitalism-stifling regulations that have recently been announced or the FED’s program to spend $40 Billion each month, indefinitely, to prop up the stock market.
Nearly everything Obama says in public are lies. Carefully crafted and parsed words, directionally-correct, lawyered-up speeches designed to fool the entitlement class and the less fortunate who can’t discern the propaganda. But the debt Obama has created with help from the Democrats is very real, as is his army of palms-upturned supporters who, mostly by sheer ignorance, keep this disaster rolling.
Most of the things Obama has done in his first term should have cost him the second term election… jobs, wars, gas prices, Obamacare, green energy disasters, EPA overreach, foreign policy failures, eight embassy attacks, including Benghazi where four Americans were negligently sacrificed by the State Department. Not to mention 23 million real unemployed. History will be analyzing that list for years to come for it’s inability to hold him to account for his own actions and inactions. In the meantime, the American suffering and lies will continue. As will the skyrocketing and unsustainable debt.
Two and a quarter centuries of American experiment resisted putting a liberal minority in power. What was it they knew? What was it the public feared? What could be so absolutely dangerous that it was never done since the founders originally set us free?
People hiked for miles to see Romney Speak. Amazing turnout.