Re: Most would blame Republicans
How many times do I have to post this link?
Debt to the Penny (Daily History Search Application)
Copy it down and keep it for future reference.
You want debt service by year, here you go, look up the budgets by year.
Current Report: Combined Statement of Receipts, Outlays, and Balances of the United States Government (Combined Statement): Publications & Guidance: Financial Management Service
The cost of the wars are in each yearly budget and deficit so what do any of that have to do with Obama's budgets? The Iraq War was ended by the Bush status of Forces Agreement in October 2008.
You want GDP by year,
http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1#reqid=9&step=1&isuri=1
You want the unemployment and employment numbers by year, go here
U.S. Bureau of Labor Statistics
Want me to post the charts for you? Hopefully someone here will actually do some research and learn something.
1. So the debt doubled under Bush II (5 trillion to 9.3 trillion). Under Obama it has gone from 9 to 16, meaning it will double again by the time he is out. The increase from 9 to 16 is in a large part the due to the Iraq and Afghanistan wars that were started under Bush II. If you subtract 6 trillion from the amount the debt will be by the time Obama is out and the interest on the 9.3 trillion debt Obama inherited, it indicates the debt is nil.
Iraq, Afghan wars will cost to $4 trillion to $6 trillion, Harvard study says - Washington Post
Iraq, Afghan wars will cost to $4 trillion to $6 trillion, Harvard study says
The U.S. wars in Afghanistan and Iraq will cost taxpayers $4 trillion to $6 trillion, taking into account the medical care of wounded veterans and expensive repairs to a force depleted by more than a decade of fighting, according to a new study by a Harvard researcher.
2. The link you gave me does not show the GDP prior to 2010. Obama took office in 2008. But from 2010 to present the GDP has increased; which means USA is producing more. So USA is going the right direction there, and I cannot see if GDP rose under Bush II.
3. The truth about unemployment. Bill Clinton gave Bush II a 2.4% unemployment. While in office, Bush ran that up to 7.4% (while doling out a $700 billion bailout). Since Obama took office it went as high as 9.4%, but it is back to 7.8% which is almost what Bush II ran it up to. So the big culprit is the POTUS that ran it from 2.5% to 7.2% more so than the POTUS who went from 7.2% to 7.8%.
Fact Check: Is unemployment rate higher since President Obama took office? | Connecticut 5th District
Fact Check: Is unemployment rate higher since President Obama took office?
In the past 30 years, the unemployment rate was as high as 7.2 percent in November 1982 before dipping to a low of 3 percent in November 1987; the next bust resulted in 7.4 percent unemployment in March 1992 during President George H.W. Bush’s administration before a steady recovery to a record low unemployment of 2.1 percent in Sept. 2000 when President Bill Clinton was in office.
Starting in Jan. 20, 2001, at the beginning of George W. Bush’s administration, the rate was 2.4 percent, but by the time he left in January 2009 it had reached 7 percent, following the near collapse of the financial services industry and a government bailout of $700 billion in Oct. 2008 because of the subprime mortgage crisis.
Barack Obama assumed office on Jan. 20, 2009 with the 7 percent rate, which continued to grow to 9.4 percent in August 2010, a three-decade high, and only started to slowly go down throughout 2011 to 8 percent in January 2012 and now to 7.8 percent in February.
