Comparing Obama and Bush, the numbers...

The chart tells a lot.

 

I understand the point. President Obama is not meeting the lofty goals he set and promised - that is well worth telling.

We need to remember that the numbers are somewhat skewed by the fact that the economy has been in constant recession since President Obama took office, President Bush enjoyed several years of a boom economy - this helps his numbers. The recession did, however, begin under 'his watch' and all the economies of the world would show similar numbers for the time period presented. It would be interesting to see these number using just President Bush's last couple of years in office.

Though I agree that the current president is no better than the last - I do not miss President Bush. I contend that with the world market being what it is we would be roughly where we are today if he has been able to be elected to a third term Their fiscal policies are not that different.

 

Don't forget that we were in recession when Bush took office. If he mishandled the economy, well Pres Obama and his crack team of keynesians has made it much worse. His first budget increased spending 33% over the prior year. And that chart pretty much tells the rest of the story.

 

While I never supported President's Bush's fiscal policies, my problem with President Obama is that he came across like he could just step in and fix it. Here we are two years on and he has done nothing to even slow things down.

We do not live in an isolationist world. Globalism and the world economy have a huge impact and to to fair to both presidents no other world leader has done any better in their countries.

 

What most Americans don't realize is congress not the President drives what the economy does. The President is not the one who passses the spending and tax laws he approves or vetoes them. In the 2006 election we saw Congress and Senate change and in 2007 we begin to see the economy decline. It has been in the recessed state ever since. With the legilature split between repoublican house and Democratic senate the spending bills will have to be accomplished with a compromise and the President will then approve or Veto. What ever brings us out of this recession will depend on the Legislature not the President.
Reagan could not have done anything without congress working in compromise with each other and then he working with them to get the economy rolling after President Carter devasted it.

 

Roger, if anyone took the time to read about Obama and his writings they would have had an idea. Even the big three networks were saying no one knows anything about Obama but when some of them were questions about somethings about his back ground and his book and what was taught in his home church and his view on economics they had no answer, now we do. Government can solve anything, give the government more power and the better off we will be or that is how I saw him before the election and today.

I'm sure you are up on this better than I, but hasn't Germany ,China, and Vietnam done rather well?

 

Sickening fact:

If the federal government stopped borrowing today and started paying down the national debt at $100,000,000 per day (principle only)...

It would take over 395 YEARS to pay it off !!:BangHead: