Obama-Nomics by the Numbers


Debt on January 19, 2009: $10,628,881,485,510.23

Debt on January 20, 2001: $5,727,776,738,304.64

 Equals $4,901,104,747,205.59 More from time Bush took office until he left.

Debt on September 16, 2011: $14,700,040,072,613.72

Debt on January 20, 2009: $10,626,877,048,913.08

Equals  $4,073,163,023.700.64 more since Obama took office

Bush in office 2921 days. Deficit spent per day: $1,677,885,911.40

Obama in office 980 days. Deficit spends per day: $4,156,288,799.70

Public debt on January 20, 2009: $6,307,310,739,681.66

Public debt on September 23, 2011: $10,074,503,215,028.69

Source:  Treasury Direct.Gov

Obama increased the debt held by the public by 59.73% – FIFTY-NINE POINT SEVENTY-THREE PERCENT – in 976 days.

A word of advice: “Reagan did it first!” or “Bush did it, too!” is not a denial. It is a CONFESSION.

I am beginning to believe Obama is Forest Gump. He just fell into the office of President by being in the right place at precisely the right time and being of the correct color. But he cannot possibly be very bright. If he cannot understand why business is paralyzed and retrenching after he has spent his entire presidency demonizing every sector of business and investment, you know those “evil fat cats”, then I have no hope he will ever understand the motivations of businessmen and investors. These people see the president vilify them at the same time they see the train of regulations, increased taxes and government interference via preferences for certain companies and industries, that train roars down the track while business lies chained to the track waiting to be run over by the Obama administration and regulatory agencies. I believe most businesses are just trying to survive until the next election hoping that a change will happen that will make them no longer the “enemy” of Washington.
 
 Two words Mr. President would get this economy moving in a Nano-Second.  “I RESIGN!”

 

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One Response to “Obama-Nomics by the Numbers”

  1. [...] Obama-Nomics by the Numbers (ferrellgummit.wordpress.com) [...]

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