Since Obama has taken office ….
[through Q2 2012 for comparative purposes]
For every $1 added to the economy, we’ve added more than $3 in debt added $5.23 trillion in debt vs. $1.68 trillion to the economy 50% increase in debt vs. 12% increase in economic output
Total Public Debt:
$10,626T [Jan 20, 2009]$15,856T [Jun 30, 2012]
$5.23 trillion increase in debt
[source: Treasury Dept]
......
GDP
$13,923T [Q1 2009]
$15,606T [Q2 2012]
$1.68 trillion increase in GDP
[source: BEA]
10 comments:
Treasury reports, CBO reports, even Christ himself reporting on this buffoon's incompetence and inexperience would not sway the 90% (ninety percent!!) of black voters or the rest of the population that doesn't understand basic (VERY basic, as in 2+2 does NOT equal 11, or 5-7 does not yield a positive number) economics. Hard and irrefutable FACTS don't impress them anymore than obama singing or dancing impresses ME.
2:12 seems as someone with such a strong understanding of the "basics" you would be able to see that regardless of who's in office, with a GLOBAL recession and outlays for two ongoing wars, debt was bound to spike. Sure Obama added on to it. But I guess we should have left all the millions of unemployed out to dry; yeah that would have helped spark consumer spending alright. Maybe we should have just lowered taxes even more. Because we saw how that helped raise employment back to pre-2001 recession levels.
LOL 2:36.... a SPIKE??? ADDED to it?? More gibberish. More delusional excuses. More rationalization. The FACTS, son. Stick to the facts. obama said "I'll cut the deficit in half.". How's THAT working for ya? Face it- the Presidency of the United States in NOT an on-the-job learning experience. obama has never even sold a box of Girl scout cookies, but HAS been in charge of the greatest military and economic engine in the history of the world. And he ain't doin' so hot. and his (obama's) solution, which is SPEND MORE (translation: borrow MORE money and print the hell out of the dollar), can not work. THAT is another FACT. I know, just 'technicalities' to a Constitutional professor who apparently doesn't understand the Constitution, a Commander-in-Chief who doesn't know what a Navy "corpsman" is, and a former community organizer who thinks money just falls from the big government bank in the sky and the supply is endless. Basic math again. Do they even TEACH basic math anymore or just award "certificates" for showing up and not sleeping at your desk?
How did Obama do this?
"Anonymous said...
How did Obama do this?
September 19, 2012 3:39 PM"
Because he is an imbecile (IQ 26-50) and idiots (IQ 0-25) who voted for him and put him in office themselves do not have an understanding of anything besides the word "free."
"a SPIKE??? ADDED to it?? More gibberish."
Oh I'm sorry, you must believe the Fox News garbage and think the US suddenly began running deficits in 2009. Pardon me for forgetting.
4:47 - what an idiot. Blaming Fox for reporting the news? Listen, we should ALL be worried about the debt. BOTH parties in the past have been irresponsible. But like here in Maryland some fools keep voting the wrong folks in.
Feb 23,2009-
"the President today promised that by the end of his first term, he will cut in half the massive federal deficit we’ve inherited. And we’ll do it in a new way: honestly and candidly.”
Ha Ha! By aksing millionaires and billionaires to pay a little more of their fair share.
NOT!
Even if you tax them all at 100%, Strip them of their wealth entirely, You will run this Government for 10 days tops.
Obama is a bull$hit artist. a Con.
A class warfare capital redistribution specialist whos marxist policies are destroying America.
Amazing. Someone was asked a simple question. "How did Obama add to it?"
And all that they received were insults. It should have been easy to answer, right?
People a little education goes a long way. Try doing some research for once in your life.
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