Quote:What qualifies Bush for your rating?  Because you didn't like him? 

 

This president has doubled the deficit in 5 years.  That deficit took more than 200 years to get to $9 trillion when he took office in 2009.  It's now over $18 trillion, and all of that government spending intended to fix the economy has done what?  Create a situation where you've got the lowest labor participation rate in decades, most  new jobs created are part time, and you've got people leaving the job market and simply not being counted at record rates?

 

Obama took over 1/6 of the economy with ObamaCare promising reduced deficits, better coverage, and lower healthcare costs.  The opposite happened.  They created a healthcare crisis and told us how there were between 40 and 50 million uninsured in this country, and that the only way to address that issue was to take over the entire system.  Rather than work on programs to address the uninsured directly, they saw fit to blow it all up.  The end result?  There are still 40 million uninsured who are paying penalties because they don't have health insurance.

 

I could go on and on about why Obama is the worst president in the history of this country, and I'll guarantee that when history does indeed do their evaluation, that will be backed up.  Bush wasn't a good president.  Not even close.  But, Obama has taken lousy to a completely different stratosphere on multiple levels.  It takes a special talent to be that bad. 

 

Who is the republican savior?  There isn't one.  This country is past the point of no return.  There will be a reboot, and when that happens, we'll see who rises from the ashes.

 

 

 

Shortly after Bush took over the presidency in 2000, Alan Greenspan went before congress and testified that he was afraid the government was going to liquidate all its debt too quickly, and that would destabilize the world economy!  Seriously.   That happened.  I was watching it on CSPAN.  We were on a path to eliminating the national debt!  

 

So where were we when Bush finally left office?   Do you remember when Secretary of the Treasury Paulsen and Chairman of the Federal Reserve Bernanke went before Congress begging for $700 billion, no strings attached, to save the economy from collapse?  And they had to have it that day!   That happened during the Bush administration.  In 2008. 

 

Bush put this country into wars in the middle east that cost us trillions of dollars.  He put through the prescription drug benefit that will also cost us trillions of dollars.   Bush took office with the federal budget in surplus and left office with the worst financial crisis we've had since 1929. 

 

As for the increased debt load we've taken on during the Obama administration, a a lot of that debt is because of the economic contraction that began with that financial crisis in 2008.  Government tax revenues plummeted in the first year of the Obama administration.   2008 federal tax receipts: 2.5 trillion.   2009 federal tax receipts: 2.1 trillion.  Now, should Obama have cut spending in response to that?  That would only have caused an even worse recession.   So Bush basically handed Obama a trillion dollar deficit, and the Republicans hung it around Obama's neck politically, when he didn't have any hand in causing it. 

 

Bush came into office with the federal budget in surplus and left it with a trillion dollar deficit. unfunded wars in the middle east, and the worst economic crisis in 80 years.   Man.   That is a truly pathetic record.  

 

Try to remember 2008, okay?  Obama took office in 2009. 

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