Interesting Stat

[rushmc 23]

http://www.foxnews.com/politics/2009/11/24/obama-shatters-spending-record-year-presidents/

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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.



That's a big increase. But compared with other presidents' first years in office, Obama is running circles around them.

Bush spent $1.8 trillion in 2001, according to government budget figures that have been adjusted for inflation based on 2000 dollars. Using the same formula, former President Bill Clinton spent $1.6 trillion in 1993.

The last president to clock in under $1 trillion was Gerald Ford, who logged a $982 billion budget in 1975. Post-war Dwight Eisenhower even brought Uncle Sam's tab down to $556 billion in his first year, 1953.

Obama's first-year budget, adjusted for inflation, is about five times that. His 2009 budget is also close to 21 percent of that for Clinton's eight years in office -- Clinton's spending added up to $13.5 trillion over his two full terms. Bush spent $16.8 trillion from 2001-2008.

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kelpdiver 2]

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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.

Bush spent $1.8 trillion in 2001, according to government budget figures that have been adjusted for inflation based on 2000 dollars.

Notable lines, yet the lead paragraph ignores the problems with both.

Can't adjust just for inflation, have to adjust for population as well.

And the fiscal year budget is approved well in advance of the start of it.

[grimmie 186]

Just think how little he would have had to spend without fighting two wars that GWB started, screwed up and never finished.
Or how little he would have had to spend if someone in the past eight years was paying attention to the economy and Wall Street.
No wonder he looks older and worn down. Scraping eight years of GOP dog poo off of the national shoe probably wears a guy out a bit.

[mnealtx 0]

Yay, let's all play the blame game!!

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Just think how little he would have had to spend without fighting two wars that GWB started, screwed up and never finished.

And if Clinton had done HIS job it never would have happened.

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Or how little he would have had to spend if someone in the past eight years was paying attention to the economy and Wall Street.

Hey, Barney and Maxine told us everything was just fine - why should we have doubted them?

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No wonder he looks older and worn down. Scraping eight years of GOP dog poo off of the national shoe probably wears a guy out a bit.

Given the difference in spending so far, whoever comes next is gonna be cleaning up brontosaur shit...and LOTS of it.

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

[Amazon 7]

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Just think how little he would have had to spend without fighting two wars that GWB started, screwed up and never finished.
Or how little he would have had to spend if someone in the past eight years was paying attention to the economy and Wall Street.
No wonder he looks older and worn down. Scraping eight years of GOP dog poo off of the national shoe probably wears a guy out a bit.

Hey George was just doing the same fine work he had always done in his carreer... running eveything he touched into the ground ... it was his nature.... and daddys friends are not bailing him out of this one... we the people have to

THen again all of his friends did really well at the republican cronies pig trough. Talk about making out like bandits.... oh wait...war profiteers are bandits in my book.

[quade 4]

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Yay, let's all play the blame game!!

Wasn't that the point of this thread from the very beginning?

quade -
The World's Most Boring Skydiver

[Andy9o8 2]

Desperate times (which he inherited) call for desperate measures. If it's more or less successful, he'll probably get reelected. If it crashes and burns, he probably won't.

[rushmc 23]

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Desperate times (which he inherited) call for desperate measures. If it's more or less successful, he'll probably get reelected. If it crashes and burns, he probably won't.

Ah, the “desperate times”, as you call them, are for the most part fabrications to get us to support the spending. (Bush did it too).
But you and everyone should realize a couple of things
1) The measures will not fix and have been proven in the past to ineffective. I reality gov spending and gov programs tend to slow recoveries not help or shorten them
Then

2) These “measures” as you call them, are not intended to help the economy, they are intended to help Obama and the Dems push through a radical agenda.

Either way we the people are the ones getting screwed, regardless of party

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kelpdiver 2]

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Ah, the “desperate times”, as you call them, are for the most part fabrications to get us to support the spending. (Bush did it too).

There's nothing fabricated about the market and housing crashes, or the current unemployment rates.

[rushmc 23]

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Ah, the “desperate times”, as you call them, are for the most part fabrications to get us to support the spending. (Bush did it too).

There's nothing fabricated about the market and housing crashes, or the current unemployment rates.

Yep
And these situations are NOT being helped one bit.
The market and housing crashed are the fault of the government for the most part. Now they say they are the only ones who can fix it

Ya, right

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kelpdiver 2]

well, which one is it? First you say the problem was fabricated to get spending bills passed, now you're saying the problem is real, but the answer is false.

[rushmc 23]

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well, which one is it? First you say the problem was fabricated to get spending bills passed, now you're saying the problem is real, but the answer is false.

never said there were not issues or problems. but to the scale we are/were being fed? it is bull shit

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kelpdiver 2]

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well, which one is it? First you say the problem was fabricated to get spending bills passed, now you're saying the problem is real, but the answer is false.

never said there were not issues or problems. but to the scale we are/were being fed? it is bull shit

"Ah, the ?desperate times?, as you call them, are for the most part fabrications to get us to support the spending."

Sounds like you were doing exactly that.

[TheBachelor 5]

Wait, you forget what Obama's people were saying when slamming this stimulus bill through congress with nary a read: Unemployment could get as high as 8.5% if they didn't spent all that money.

So when our children and grandchildren are unable to pay back this enormous debt, be sure to tell them about all of the benefits of this spending. Oh wait, unemployment is above 10% and climbing. What was the benefit again?

There are battered women? I've been eating 'em plain all of these years...

[Lucky... 0]

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Oh wait, unemployment is above 10% and climbing. What was the benefit again?

The dow is a year ahead of recovery and the GDP is amazingly recovered. Good enough? Unemp always lags a year os so. This recession is far greater than the early 80's or early 90's yet it will be repaired in < 1/2 the time. It's a shame tax cuts my friends wasn't elected, we would see how huge this thing is, followed by a tax increase 2-3 years later and 5+ terms of Dems in teh WH and packed congress. But since Obama did the unpopluar and deficit spent, because it would be uncivilized to raise taxes on our poor-baby rich, that was the only other choice. I don;t think most conservatives know how to researhc the Great Depression, if they did and were able to understand it, letting the economy fix itself wouldn't be viable. Unless congress/pres raises taxes to over 50% top brkt, we won;t have done a thing.

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Wait, you forget what Obama's people were saying when slamming this stimulus bill through congress with nary a read: Unemployment could get as high as 8.5% if they didn't spent all that money.

Unemp was already freefalling by time Obama got into office http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LNS14000000

And quit listening to Hannity, it'll rot your brain. http://www.politifact.com/truth-o-meter/statements/2009/jul/09/eric-cantor/Cantor-and-other-republicans-say-obama-promised-s/

The claim that the Obama administration "promised" the stimulus would keep the unemployment rate below 8 percent is a popular talking point among Republican critics of the stimulus.

We've heard it from House Republican Leader John Boehner, R-Ohio, Reps. Darrell Issa, R-Calif., and Lynn Westmoreland, R-Ga., as well as conservative talk show host Sean Hannity, to name a few. They all called it a "promise."

So, no, there was no promise. Obama didn't need to promise anything to get he stimulus passed anyway, unlike your guy bringing in cherry-picked and false data to congress to get the war going.

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So when our children and grandchildren are unable to pay back this enormous debt,..

Oh, like the debt we inherited and are passing? That is such tired Hannity dribble; how long have we been a debtor nation? It rhimes with forever. We were a debtor nation coming out of the Rev War and never really paid it off - almost under Jackson.

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...be sure to tell them about all of the benefits of this spending.

You mean this spending and indebtedness? http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms

See the little red marks next to only Republicans? Please save your tired arguments that are not only regurgitated thru here but patently false.

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Oh wait, unemployment is above 10% and climbing. What was the benefit again?

Here's the benefit:

http://www.bea.gov/briefrm/gdp.htm

See your boy running itinto the shitter starting with mid to late 07? See just 2 quarters of Obama-enomics pull it out?

http://finance.yahoo.com/echarts?s=%5EDJI#symbol=%5EDJI;range=2y

See the market in freefall and at 7950 when Obama took office? See it over 10k and holding?

Right, no good at all. And in a year when unemp s/b < 7%, probably lower, what will the drones say then? Ok,ok, it might have worked, but we will be paying for this forever. And if Obama hadn't done anything, they would call him Hoover as the thing crashed in. See, we all understand that there is no way to keep the dirty right happy, other than cutting taxes, overspending on the bloated military, and cutting social programs. We get it, we just don't like teh results and yes, we will once again fix it so the American idiot voters can reinstall anothr mess like Reagan, GWB, and maybe install a Palin, Kyle or some other neo-Nazi.

[Lucky... 0]

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And if Clinton had done HIS job it never would have happened.

Yea, his job; turning a 290B deficit into a 236B surplus. Heading off the increasing debt to 1/9th of what he inherited. Turning 7% unemp into

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Given the difference in spending so far, whoever comes next is gonna be cleaning up brontosaur shit...and LOTS of it.

787B to mop up BS from your guy and that's bad money? Look at who spent and what did we get for it?

http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms

http://www.bea.gov/briefrm/gdp.htm

I just don't get Republican args.