Even by European PIIG standards, our spending is out of control...
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| Weekly Standard |
Obama Beats Bush! Racks up same amount of debt as Bush, but in half the time!
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| CBS News |
(CBS News) The National Debt has now increased more during President Obama's three years and two months in office than it did during 8 years of the George W. Bush presidency.Obama's "recovery" is the worst on record. He is still over a million jobs short of just breaking even...
The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office.
The latest posting from the Bureau of Public Debt at the Treasury Department shows the National Debt now stands at $15.566 trillion. It was $10.626 trillion on President Bush's last day in office, which coincided with President Obama's first day.
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| CNN |
From the labor market's height in January 2008 to its bottom in February 2010, 8.8 million jobs were cut, and the unemployment rate soared as high as 10% in October 2009.
But only about half of those job losses -- or 4.3 million -- happened under his watch. (CNN)
The only reason unemployment isn't in double digits is because the dismal Obama economy has discouraged over 3.5 million Americans, leading them to completely abandon the job market.
The percentage of Americans 16 and older who are working or looking for work fell to 63.6 percent, the lowest since 1981. For men, the so-called "labor force participation rate" is at 70 percent. That's the lowest since the government started keeping records in 1948. (Yahoo)And for a bonus, here's a reminder of what a big loser GM was for the taxpayer. Jeffrey Dimon's got nothing on Obama. The Car Czar in Chief spent $100 billion to save a $34 Billion car company. And GM still hasn't paid us back.
Obama Pushes False GM Success Story
WSJ - The Other GM Bailout
