I don't know about that....
unemployment was about 8.25% as a high under Bush 1, and it hit 8.6% under president gw bush....
that's only about a percent higher for what it is now....
Was nearly 1/6th of the nation really not in peril under President Bushes? Not even during President Bush 1's Housing crisis and Savings and Loan scandal/bailout?
Probably not, as you state but to PRETEND that this mess or the economy in jeopardy is NOT something inherited from gwb and was not trending towards more and more Peril under GWB is intellectually dishonest....if that is what you are implying Lonestar?
Right now the unemployment rate is at
10.4 percent.
What I'm saying is one sixth of our economy wasn't in jeopardy under Reagan or Bush.
•While President Obama claims to have inherited the 2009 budget deficit, it is important to note that the estimated 2009 budget deficit has increased by $400 billion since his inauguration, and the whole point of the “stimulus” was to increase deficit spending to nearly $2 trillion based on the unproven notion that would it alleviate the recession.
yes, president Bush's 2009 budget was increased by obama...but just as Clinton's 2001 budget was increased by president bush's actions...it still is president bush's budget deficit and in 2001, the fiscal budget still gets given to Clinton.
so 2009 budget IS the fiscal budget of president bush
•The 22 percent spending increase projected for 2009 represents the largest government expansion since the 1952 height of the Korean War (adjusted for inflation). Federal spending is up 57 percent since 2001.•In 2009, Washington will spend $30,958 per household–the highest level in American history–and under President Obama’s budget, the figure will rise above $33,000 by 2019.
2009 is president bush's budget
•The White House brags that it will cut the deficit in half by 2013. The President does not mention that the deficit has nearly quadrupled this year. Merely cutting it in half from that bloated level would still leave budget deficits twice as high as under President Bush.
it is what it is....he only has the 2009 budget to work with as a starting point...
•The public national debt–$5.8 trillion as of 2008–is projected to double by 2012 and nearly triple by 2019. Thus, America would accumulate more government debt under President Obama than under every President in American history from George Washington to George W. Bush combined.
what is the public national debt vs the National debt? when president bush took office the National debt left him was $5.6 trillion, when he left office, it was $11.4 TRILLION? so what is this public debt figure they are pulling out?
Obama?s Tripling of the National Debt in Pictures | The Foundry: Conservative Policy News.
lonestar
first...unemployment in february and in march was 9.7% NOT 10.4 as you stated....
president bush used EVERY DIME of our hundreds of billions in SS surplus revenues to PAY for his budget, still leaving him with hundreds of billions to over a trillion dollar deficits, his last year.
president obama does NOT have that LUXURY! We are no longer collecting Social security surplus taxes for the president to USE in his budget to pay for what income taxes should have paid.
In addition to this, more seniors have applied for their retirement and have left the workforce than planned due to the recession and no jobs out there for them....and because less seniors are working...being taxed and now are drawing SS, which draws from the treasury...
NO MATTER WHO is in the position of President, even if it was mccain, they would be faced with the same dficits that obama is faced with in these long term charts....if there is a new president in 2012 they will be faced with them as well and if you look at these projections and take out any legislation done by obama that will affect them and look at it projected from when Bush was in office, those same humongous deficits are there as well...
also, less people working means less revenues being brought in, less taxes being collected to pay these bills....so less money is coming in to pay the bills than there was under Bush, thus a big part of the higher deficits....again, no matter who became president, this is what the new president INHERITED.
