Bush’s spending on Iraq and Afghanistan wars in 12 years is less than Obama’s deficit spending in 1 year. Bush’s unemployment rates were only 5%. Obama’s have never been less than 8%. Under Obama, youth unemployment, particularly minority youth unemployment, is around 20%.
According to the CBO, the cost of Iraq war between 2003-2008, when Bush was in office, was $709 Billion. In 12 years, Iraq and Afghanistan jointly cost $1.4 Trillion.
Obama’s 2009 Stimulus cost $862 Billion. It did not produce jobs; but rather was handed out to Green Energy cronies, used to top up union pension plans and give raises to Teachers and other government union workers. Obama has run up deficits of $1.3 Trillion each and every year since he was inaugurated.
According to the Department of Labor, Bush’s unemployment rates during his 8 years in office, even after 9/11, ranged between 4.2% and 6.3%. Unemployment was 5% when Obama took office in 2008 and has gone up since then. Just before the election, this number magically dropped below 8%. This number was fudged because Obama does not count those who have given up looking for jobs. They are unemployed, but according to Obama, do not exist!!
Obama spends $6.4 Trillion a year. His deficit in 4 years was $6.2 Trillion; so it has gone up from $10 Trillion to $16.2 Trillion.
Obama will keep blaming Bush, Republicans and everyone else, but will continue to tax all of us to obtain money to spend and waste.
But don’t worry. Obama is going to solve the debt problem he has created. He is going to manufacture platinum $1 Trillion dollar coins and hand over a couple to the Fed in exchange for real money!
If you want to spend like Obama, get out your Monopoly money and go shopping!