RSSCBS Says of Barack Obama … “It’s the most rapid increase in the debt under any U.S. president”
Hey America, how’s that Obama “Hopey, Changey” stuff working out for you? A historic election indeed …
Barack Obama was elected in 2008 in a historic election. Obama later made history and became the first president ever to hold the presidency during a downgrade of the American Triple A credit rating. Guess what, he has yet another historic moment to add to his resume. According to CBS News, the Treasury Department reports that the national debt has now increased $4 trillion on President Barack Obama’s Presidency.Interesting enough, Obama’s historical events cause the US economy to act hysterically.
The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion.
It’s the most rapid increase in the debt under any U.S. president.
The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama’s four-year term.
As Doug Ross says, when Obama has lost CBS, you know you have problems. How much longer is the public going to take the repeated excuses of blaming others? It does not look like much longer as Obama’s job approval ratings have hit an all-time low. Two pieces of information for Obama. One, when you beg people to vote for you for a job that no one twisted your arm or forces you to run for when you knew the difficulties that you faced, you don’t then blame others when your policies are a complete and total failure. Two, if you are complaining about what you inherited, imagine what the next President is going to inherit from your four years.
2012 cannot come fast enough and it is frightening that this president has another year and a half to cause more damage.
UPDATE I: New national debt data: It’s growing about $3 million a minute, even during his vacation.
Updated numbers for the national debt are just out: It’s now $14,639,000,000,000.
When Barack Obama took the oath of office twice on Jan. 20, 2009, CBS’ amazing number cruncher Mark Knoller reports, the national debt was $10,626,000,000,000.
That means the debt that our federal government owes a whole lot of somebodies including China has increased $4,247,000,000,000 in just 945 days. That’s the fastest increase under any president ever.
Posted August 23, 2011 by Scared Monkeys 2012 Elections, Barack Obama, Budget Deficits, Economy, National Debt, Obamanation, Obamanomics, Presidential Election | 8 comments |
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8 Responses to “CBS Says of Barack Obama … “It’s the most rapid increase in the debt under any U.S. president””
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[...] to go, and that there’s a slight chance he could be elected to another four years.Update: Scared Monkeys linked – thanks!google_ad_client = "pub-1395656889568144"; /* 300×250, created 8/11/08 */ [...]
A unique increase caused by a recession and a unique mess he inherited from W. and his cronies.
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SM: I cant wait until the next Republican President in 2012 blames Obama.
R
Eleanor,
If what you say is correct, than GW 1&2 only have Bill Clinton to blame for any issues they had to deal with, right?
(hit submit too soon!)
GW1 because it’s OK to blame the next guy, and GW2 because it’s OK to blame the one before you.
Maybe one day the libs will understand it’s the guy in office at that moment who is responsible. Neither GW1 or 2 stood over Zero with a gun to his head asking he sign stimulus. No one sat there forcing him to refuse to do anything about the illegal aliens costing this country billions.
No one (sadly) can keep he and his wife from more vacations at the tax payer expense. I could go on. Lord..you libs just kill me with your craziness.
A real effective executive taking on a large company or large government leadership role does not place blame for the mess. Instead, they use their knowledge and experience to begin to turn things around for the betterment of the organization. Profit and efficency for a company and lower costs and better delivery of services for government.
If all one has ever accomplished is riding on the coattails of someone else’s achievement and taking credit for their work, how can the public be so gullible as to elect a “do nothing” as the chief executive? The public needs to find the real power behind Obama and cut it off at the knees.
Any individual who spends so much time concealing his real past has a reason for that concealment. It is usually something of criminal nature or shady behavior that the public would not accept.
It is time for Barry to go before he and his socialist cronies do anymore dammage.
Texas Grandfather:
I agree… he has to go!
[...] Before those of you on the LEFT want to blame George W. Bush, you might want to take a look at the reporting blow from the conservative LA Times. Oh wait, they are as liberal as it gets. When Obama was elected President it was not based on the premise that the economy and debt would get worse. However, it has. Americans have a more bleak outlook and have come to believe that Obama is not up to the job. Or, if this is his answer to the problem, he is not the right individual for the job. The excuses of blaming the Tea Party and the GOP are pathetic. What about when for the first two years, Obama had carte blanche as Democrats controlled the House and Senate and still did nothing to help the economy, jobs or the debt. In fact, the economy got worse, unemployment went up and the national debt increased to record levels. The nation’s debt increased $4.9 trillion under President Bush too, btw. But it took him 2,648 days to do it. Obama will surpass that sum during this term. [...]
[...] Remember in 2008 when then candidate Barack Obama criticized President George W. Bush for adding $4 trillion to the national debt, saying it was “unpatriotic” and also “irresponsible”? Of course it took GWB 8 yeas to do this. President Barack Obama gas done the same in 2.5 years. Does this make Barack Obama even more unpatriotic … Obama’s words, not our. Make no mistake about it, Obama has the most rapid increase of US debt than any US President ever. [...]