From comments ChefM relating to the article
Obama's Teachable Truthiness Moment
by Michelle Malkin posted on the Human Events website: http://www.humanevents.com/article.php?id=46808
1) First U.S. Debt Downgrade in American History.
2) Highest Level of Federal Spending since WWII (25% of GDP).
3) Highest Budget Deficit since WWII (10% of GDP).
4) Lowest level of Employment since 1983 (58.1% of Adults Working).
5) Highest Long Term Unemployment Rates since the 1930's (45.9% of Total Unemployed for Six Months or Longer).
6) Median Income Is At Its Lowest Level Since 1997.
7) Number Of People (over 16) Who Didn’t Work At All Last Year Increased To 86.7 Million.
8) Number Of Americans Living In Poverty (46.2 Million) the Highest Level On Record.
9) Child poverty rose from 20.7 percent in 2009 to 22 percent last year.
10) Economy added no jobs in August the first time since February, 1945.
11)More than 43 million Americans receive food stamp assistance, or about 14 percent of the population or 1 in 7 Americans.
12) US housing market passed a grim milestone in the first quarter of
2011, posting a further deterioration that means the fall in house
prices is now greater than that suffered during the Great Depression.
Budgets
do not come from the White House. They come from
Congress, and the party that controlled Congress since January 2007 is the
Democrat Party. They controlled the budget process for FY 2008 and FY 2009, as well as
FY 2010 and FY 2011. In that first year, they had to contend with
George Bush, which caused them to compromise on spending, when Bush
somewhat belatedly got tough on spending increases.
For FY 2009 though, Nancy Pelosi and Harry Reid bypassed George Bush
entirely, passing continuing resolutions to keep government running
until Barack Obama could take office. At that time, they passed a
massive omnibus spending bill to complete the FY 2009 budgets..
2) Highest Level of Federal Spending since WWII (25% of GDP).
3) Highest Budget Deficit since WWII (10% of GDP).
4) Lowest level of Employment since 1983 (58.1% of Adults Working).
5) Highest Long Term Unemployment Rates since the 1930's (45.9% of Total Unemployed for Six Months or Longer).
6) Median Income Is At Its Lowest Level Since 1997.
7) Number Of People (over 16) Who Didn’t Work At All Last Year Increased To 86.7 Million.
8) Number Of Americans Living In Poverty (46.2 Million) the Highest Level On Record.
9) Child poverty rose from 20.7 percent in 2009 to 22 percent last year.
10) Economy added no jobs in August the first time since February, 1945.
11)More than 43 million Americans receive food stamp assistance, or about 14 percent of the population or 1 in 7 Americans.
12) US housing market passed a grim milestone in the first quarter of
2011, posting a further deterioration that means the fall in house
prices is now greater than that suffered during the Great Depression.
Budgets
do not come from the White House. They come from
Congress, and the party that controlled Congress since January 2007 is the
Democrat Party. They controlled the budget process for FY 2008 and FY 2009, as well as
FY 2010 and FY 2011. In that first year, they had to contend with
George Bush, which caused them to compromise on spending, when Bush
somewhat belatedly got tough on spending increases.
For FY 2009 though, Nancy Pelosi and Harry Reid bypassed George Bush
entirely, passing continuing resolutions to keep government running
until Barack Obama could take office. At that time, they passed a
massive omnibus spending bill to complete the FY 2009 budgets..
And where was Barack
Obama during this time? He was a member of that very Congress
that passed all of these massive spending bills, and he
signed the omnibus bill as President to complete FY 2009.
Obama during this time? He was a member of that very Congress
that passed all of these massive spending bills, and he
signed the omnibus bill as President to complete FY 2009.
Let's remember what the deficits looked like during that
period:
If the Democrats inherited any deficit, it was the FY 2007 deficit, the
last of the Republican budgets. That deficit was the lowest in five years,
and the fourth straight decline in deficit spending. After that, Democrats
in Congress took control of spending, and that includes Barack Obama,
who voted for the budgets. If Obama inherited anything, he inherited
it from himself.
If you want to go back even further, the sub-prime mortgage disaster was Bill
Clinton's fault. In 1995 President Clinton's changes to the Community
Reinvestment Act enabled ACORN to run a politically correct extortion
campaign against mortgage lenders, compelling them by force of law to
make unsound (sub-prime) loans to poor minorities who never stood a hope
of repaying them.Bush made many mistakes, but growth was in full swing until his biggest mistake, and that was compromising with the newly elected Democratic Congress in 2007. But since he compromised, he was blamed, bit if he didn't compromise, he would have been vilified. So no matter, thanks to the MSM, no matter what he or any GOP politician did or does, they will somehow be to blame.
period:
If the Democrats inherited any deficit, it was the FY 2007 deficit, the
last of the Republican budgets. That deficit was the lowest in five years,
and the fourth straight decline in deficit spending. After that, Democrats
in Congress took control of spending, and that includes Barack Obama,
who voted for the budgets. If Obama inherited anything, he inherited
it from himself.
If you want to go back even further, the sub-prime mortgage disaster was Bill
Clinton's fault. In 1995 President Clinton's changes to the Community
Reinvestment Act enabled ACORN to run a politically correct extortion
campaign against mortgage lenders, compelling them by force of law to
make unsound (sub-prime) loans to poor minorities who never stood a hope
of repaying them.Bush made many mistakes, but growth was in full swing until his biggest mistake, and that was compromising with the newly elected Democratic Congress in 2007. But since he compromised, he was blamed, bit if he didn't compromise, he would have been vilified. So no matter, thanks to the MSM, no matter what he or any GOP politician did or does, they will somehow be to blame.
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