- Nov 26, 2011
- 123,817
- 59,922
- 2,290
Yep, Obama inherited a train wreck.Obama inherited the Bush devastated country in total ruin. The Great Bush recession produced massive revenue shortfalls and gave Obama massive deficits. Second Obama then needed a stimulus plan, look at the 1930s AND Europe to see what would have happened if we had no stimulus. Obama definitely did a poor job with debt and some aspects of the stimulus were wasteful, but in the end the deficit dropped once the recovery began and Obama's deficits were close to Bush's pre-Bush economic meltdown.Republican Congress.
Republican President.
DOUBLED deficits.
And that's all you need to know about Republicans and how disconnected they are from conservatism.
In fact, you can't find a single pseudocon to bitch about Trump's deficits the same way they bitched about Obama's.
And that tells you how hypocritical and brain damaged they are.
Obama added $10 trillion to the debt, trillions to the Fed holdings, at 0% interest rates. Call us when Trump comes even close to that disaster.
I predict a BOOOOOOOOSH reply.
Trump was elected on third base, if you'll pardon my mixed metaphors. There is no excuse for Trump spending now like Obama did in 2009 in this booming economy.
Trump is running up massive deficits in order to juice the GDP.
Another thing the pseudocons' propagandists don't explain to them: Gross Domestic Product - GDP
GDP = C + G + I + NX. C is equal to all private consumption, or consumer spending, in a nation's economy, G is the sum of government spending, I is the sum of all the country's investment, including businesses capital expenditures and NX is the nation's total net exports, calculated as total exports minus total imports (NX = Exports - Imports).
So here's Trump's little secret: You can juice the GDP number by increasing government spending.
Trump and the GOP's deficits:
FY 2017 $665 billion
FY 2018 $833 billion (est)
FY 2019 $984 billion (est)
Up, up and awaaaaaaaaay!