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- Dec 9, 2009
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I deal in facts sir:
President Bush signed the massive spending bill under which the government was operating when Obama took office. That was Sept. 30, 2008. As The Associated Press noted, it combined “a record Pentagon budget with aid for automakers and natural disaster victims, and increased health care funding for veterans returning from Iraq and Afghanistan.”
Bush also signed, on Oct. 3, 2008, a bank bailout bill that authorized another $700 billion to avert a looming financial collapse (though not all of that would end up being spent in fiscal 2009, and Obama later signed a measure reducing total authorized bailout spending to $475 billion).
Obama’s Spending: ‘Inferno’ or Not?
Now that we have figures for the full four years of Obama’s first term, a surprising fact emerges: The economy added more jobs during four years under Obama than it did in the entire eight years under Bush.
Obama’s Numbers (Quarterly Update)
So you deal in facts? Do you know what a CR is and for how long they are in effect? Do you understand that the fiscal year of the U.S. runs from October to September and that Bush was in office only 3 plus months of fiscal year 2009?
do you further understand that TARP Was a loan and the 700 billion was part of the CBO Projected deficit for 2009? How much of TARP was actually spent and how much was paid back? Where did that payback go?
I really am willing to learn but so far your education process is lacking and a disappointment.
As for jobs added, you seem to ignore that we have the same number of people working today as we had in December 2007 so I guess as a liberal you will take whatever point in time you want to show what you want to show. Fact, Obama has added over 7 trillion to the debt and we still have the same number working as we had when the recession began. Noticed how that fact escapes you.
You want badly to believe in liberalism but liberalism is a complete and total failure. Results are what people feel not what actually happened. Try again. Obama signed the 2009 budget in March 2009 thus it was his budget and his results. Guess those shovel ready jobs are still in route?