Obama Shatters Spending Record for First-Year Presidents

[WillowTree]

President Obama has shattered the budget record for first-year presidents -- spending nearly double what his predecessor did when he came into office and far exceeding the first-year tabs for any other U.S. president in history.

In fiscal 2009 the federal government spent $3.52 trillion -- $2.8 trillion in 2000 dollars, which sets a benchmark for comparison. That fiscal year covered the last three-and-a-half months of George W. Bush's term and the first eight-and-a-half months of Obama's.

That price tag came with a $1.4 trillion deficit, nearly $1 trillion more than last year. The overall budget was about a half-trillion more than Bush's for 2008, his final full fiscal year in office.


Obama Shatters Spending Record for First-Year Presidents - FOXNews.com

 

[WillowTree]

The one thing he good at. Spending other peoples money.. Spit

 

[Lumpy 1]

The one thing he good at. Spending other peoples money.. Spit

At least the unemployment figures look good....oh.. never mind

At least they didn't waste the stimulus money....oh.. never mind

At least General Motors and Chrysler are doing great....oh.. never mind

At least the dollar value has risen.... oh never.. mind

mmm mmm mmm

 

[Oddball]

But....but...but....but....

GEORGE BOOOOOOOOOOOSH!!

 

[Sinatra]

Barry is just readin' the script folks.

The guy is without a clue, just trying to hang on...

 

[Toronado3800]

That fiscal year covered the last three-and-a-half months of George W. Bush's term and the first eight-and-a-half months of Obama's.

um, too quick folks. To blame him for the recovery or all the debt. Even Clinton had a debt at the beginning of his first term and well, you you want to blame Reagan for 1982?

 

[Lumpy 1]

Maybe Obama should have a "Spending Summit" .

 

[JW Frogen]

Obama is spending money like it is water.

Water trading slightly higher than the dollar today by the way.

 

[Mike458877]

For our dear Liberals!

http://2.bp.blogspot.com/_ntwWY6n06x0/SsDedwUw0jI/AAAAAAAABjY/eFAp9G5MiTs/s400/Bush,+miss+me+yet.bmp


Happy Thanksgiving!

 

[Mike458877]

President Obama has shattered the budget record for first-year presidents -- spending nearly double what his predecessor did when he came into office and far exceeding the first-year tabs for any other U.S. president in history.

In fiscal 2009 the federal government spent $3.52 trillion -- $2.8 trillion in 2000 dollars, which sets a benchmark for comparison. That fiscal year covered the last three-and-a-half months of George W. Bush's term and the first eight-and-a-half months of Obama's.

That price tag came with a $1.4 trillion deficit, nearly $1 trillion more than last year. The overall budget was about a half-trillion more than Bush's for 2008, his final full fiscal year in office.


Obama Shatters Spending Record for First-Year Presidents - FOXNews.com

Good post Willowtree. I tried that rep thing but it said something about spreading it around. Still trying to figure that out.

Nevertheless, this man is out of control and so are his cronies or um, managers on the HILL.

Don't take me wrong, when the Republican's had the opportunity they blew it, but, there is no excuse for Obama and for the actions of Pelosi, Frank and others now and long before Obama!

The political tree in Washington needs shaken up on both sides and refurbished with logical and accountable spending and business planning capable individuals who are not fanatical liberals!

Mike

 

[ba1614]

The one thing he good at. Spending other peoples money.. Spit

Isn't that a prerequisite for being a liberal/democrat?

 

[rightwinger]

The one thing he good at. Spending other peoples money.. Spit

At least the unemployment figures look good....oh.. never mind

At least they didn't waste the stimulus money....oh.. never mind

At least General Motors and Chrysler are doing great....oh.. never mind

At least the dollar value has risen.... oh never.. mind

mmm mmm mmm

At least the Stock Market is up 54%

At least Housing sales are up 27%

At least the GDP is up

At least the major banks didn't fail

At least GM and Chrysler were saved

 

[Skull Pilot]

The one thing he good at. Spending other peoples money.. Spit

At least the unemployment figures look good....oh.. never mind

At least they didn't waste the stimulus money....oh.. never mind

At least General Motors and Chrysler are doing great....oh.. never mind

At least the dollar value has risen.... oh never.. mind

mmm mmm mmm

At least the Stock Market is up 54%

At least Housing sales are up 27%

At least the GDP is up

At least the major banks didn't fail

At least GM and Chrysler were saved

And we're still paying for it.

yeah GDP was up what 3.5% but wait :

A Downward Revision in GDP Numbers - WSJ.com

Oh yeah and let's not forget that great government save of AIG

Holman Jenkins: The Ugly AIG Post-Mortem - WSJ.com

 

[WillowTree]

The one thing he good at. Spending other peoples money.. Spit

At least the unemployment figures look good....oh.. never mind

At least they didn't waste the stimulus money....oh.. never mind

At least General Motors and Chrysler are doing great....oh.. never mind

At least the dollar value has risen.... oh never.. mind

mmm mmm mmm

At least the Stock Market is up 54%

At least Housing sales are up 27%

At least the GDP is up

At least the major banks didn't fail

At least GM and Chrysler were saved

wait twenty years and ask your children and grand children,, and I'm thinking he's gonna spend more on wars than GWB did too..

 

[Xenophon]

Spend spend spend spend spend spend spend spend....

 

[Skull Pilot]

Spend spend spend spend spend spend spend spend....

reminds me of
Spam spam spam Spam and spam

maybe someone more savvy than me with you tube can spoof the Monty python Spam skit but with Obama doing the

spend spend spend tax and spend spend

[youtube]XZ6N5m8FpVg&feature[/youtube]

 

[nodoginnafight]

Not that Fox would try to slant a story or anything but ........

Is Obama saddled with Bush's last quarter spending?
Does this "spending" include stimulus loans without calculating any repayments?

Swallowing a story without knowing all the facts is bad enough. But basing public policy decisions on it, is just stupid.

 

[Polk]

Not that Fox would try to slant a story or anything but ........

Is Obama saddled with Bush's last quarter spending?
Does this "spending" include stimulus loans without calculating any repayments?

Swallowing a story without knowing all the facts is bad enough. But basing public policy decisions on it, is just stupid.

Why are you bringing facts into a good rant?

 

[Charles Stucker]

Not that Fox would try to slant a story or anything but ........

Not that the news services would slant anything but...........
Did the economic collapse of 2000 begin before Bush got in office?
Were the terrorists that perpetrated 911 in the US before Bush took office?

Don't let the facts hit you on the way out.

Record spending will shortly be followed by record taxing.
Which will in, good News fashion, be blamed on Boooooooooosh
To paraphrase Dude.

Apologies in advance to Dude if I misrepresented him in any way.

 

[Dystopia]

The one thing he good at. Spending other peoples money.. Spit

In real dollars, the spending of Obama for 2009 is equal to the spending of the United States in 1945 if and only if you count for inflation. Of course, Obama has to deal with two wars that are unfunded from the Bush Administration. Plus, the tax cut during a time of war under the Bush Administration is not helping with the national debt as well. If you look at the Afghanistan war, that is spending 100 million dollars per-day to the national debt. If you look at revenue for the federation government, the government because of the deep recession is having a shortfall in revenue of over thirty percent.

You may not know something about business, but it takes money to make money. The private sector in September 2008 during the Bush Administration failed to boost the economy. You may have notice the collapse of the Stock Market in September 2008. You may now know the recovery of the Stock Market with it being over 10,000 and close to 11,000 again.

If you want to know something, the middle class will not recover until the rich recover their money first. Remember, we are still in a capitalist society so the rich recover first, the middle class second, then the poor. You can pound on your chest that in 2009 the rich are making a killing with bonus money . Remember the Reagan Administration theory, it is called the trickledown theory.