Republican campaign strategists may lie, but the numbers don’t. Government spending, when adjusted for inflation, has increased during his administration (to date) by 1.4%. Under George W. Bush, the increases were 7.3% (first term) and 8.1% (second term). Bill Clinton, in his two terms, comes in at 3.2% and 3.9%. George H. W. Bush increased government spending by 5.4%, while Ronald Reagan added 8.7% and 4.9% in his two terms.
Not only does Obama turn out to be the most thrifty president in recent memory, but the evidence shows that Republican administrations consistently increased government spending significantly more than any Democratic administration. Go figure.
NOT ONE comment about what happened in the years 2001 through 2008 THAT HAVE NEVER HAPPENED before and most likely will never happen again!
ONCE again I've got to remind people of the history!
What in the hell is wrong with you biased totally ignorant people that have NO obviously historical perspective?
1)
Do YOU agree a recession started under Clinton and became official 3/01 ended 11/01?
Source:
USATODAY.com - It s official 2001 recession only lasted eight months
2)
Do YOU agree that the dot.com bust occurred and cost $5 trillion in losses?
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $5 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 - and hundreds of thousands of skilled technology workers were out of jobs.
Source:
The dot-com bubble How to lose 5 trillion 8211 Anderson Cooper 360 - CNN.com Blogs
3)
Hard to believe but people forget that 9/11 cost $2 trillion in lost businesses,market values assets.
Jobs lost in New York owing to the attacks: 146,100 JUST in New York.
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone.
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source:
The Top 10 Financial Events of the Decade
4
) $1 trillion in written off losses due to the WORST Hurricane SEASONS in history.
The worst, Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. Andrew slammed into South Florida in 1992 as a Category 5. It caused 40 deaths and $30 billion in property damage. More than 250,000 people were left homeless and 82,000 businesses were destroyed or damaged.
Hurricane Katrina ALONE! Year 2005: Hurricanes Katrina and Rita
On August 25, 2005, Hurricane Katrina hit the Gulf Coast of the U.S. as a strong Category 3 or low Category 4 storm. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.
The Top 10 Financial Events of the Decade
THESE events OCCURRED!
YET in SPITE of
a) 400,000 jobs due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts...
In spite of nearly $8 trillion in lost businesses, market values, destroyed property.. IN SPITE of that:
AFTER the tax cuts Federal Tax REVENUES Increased an average of 9.78% per year!!!
Government Revenue Details Federal State Local for 2008 - Charts
How in god's creation CAN YOU idiots forgot ALL the above had a direct financial hit to the Federal Government?
But you idiots don't take in account that OBAMA has had NO SHIT to contend with! NOTHING!
Every problem that Bush had come up, recession, dot.com, 9/11 hurricanes/ housing collapse HE FACED which NO other president ever faced AND
he solved the problem going into the 2008 with declining DEFICITS!
OBAMA??? this dumb shit with NO cataclysmic events i.e. NO dot.com, no 9/11, NO hurricanes SEASONS NOTHING like these events!
AND Obama has created the largest DEFICITS and DEBT ever!
FACTS not fiction! Deficits of Presidents Obama/Bush
Federal deficit falling to lowest in Obama presidency
Total deficits Obama will have left DEFICITS totaling $6,356,000,000,000 ($6.3 trillion)
Total Deficits BUSH $3.294 trillion! Obama will have increased DEFICITS by 207%!!!
FY 2017 - $458 billion
FY 2016 - $531 billion
FY 2015 - $564 billion
FY 2014 - $649 billion
FY 2013 - $680 billion.
FY 2012 - $1.087 trillion.
FY 2011 - $1.299 trillion.
FY 2010 - $1.546 ($1.293 trillion plus $253 billion from the Obama Stimulus Act that was attached to the FY 2009 budget).
President George W. Bush: Total = $3.294 trillion.
FY 2009 - $1.16 trillion. ($1.416 trillion minus $253 billion from Obama's Stimulus Act)
FY 2008 - $458 billion.
FY 2007 - $161 billion.
FY 2006 - $248 billion.
FY 2005 - $318 billion.
FY 2004 - $413 billion.
FY 2003 - $378 billion.
FY 2002 - $158 billion.