Gateway Pundit: The Obama Disaster -By The Numbers
Hope and Change–
The US economy enjoyed 7 straight years of unimpeded economic growth during the Bush years. The Bush tax cuts lifted the country out of its recession until the mortgage bubble erupted and the economy took a sudden nosedive in last half of 2008– something Bush repeatedly warned Congress about.Unlike Bush, President Obama decided to spend his way out of his recession.
Here’s how it’s worked out:
Economists expected a 5 percent annualized decline in the first quarter but instead saw the economy drop by 6.1%.Despite the recession he inherited, 9-11, stock market scandals, Hurricane Katrina and two wars in Iraq and Afghanistan, the unemployment rate during the Bush years averaged out to 5.27%.
(Numbers from the US Misery Index)
The Obama unemployment rate is at 8.07%.Spending- The federal government spent a record $11.1 trillion during Bush’s last year in office:
(USA Today graph)
Obama will spend $15.3 trillion in 2009.
This is an increase of $4.2 trillion or 37%.And, then there are the deficit and debt numbers…
President Bush was able to bring the US deficit down 3 of his 8 years in office:
Barack Obama will quadruple the deficit this year.













