A NEW RECORD… Team Obama Will Likely Break $1.5 Trillion Deficit Record This Year
Posted by Jim Hoft on Tuesday, July 13, 2010, 8:32 PM
Barack Obama is the worst president in history on job creation–
According to data from the U.S. Bureau of Labor Statistics, the U.S. shed 2.3 million jobs since February 2009, Obama’s first full month in office. Since Obama’s election in 2008, the US economy has shed 4.4 million jobs. That’s worse than Herbert Hoover.
The US economy lost another 125,000 jobs last month.
Barack Obama’s Keynesian policies have failed miserably. Democrats blew a Trillion dollars on a failed stimulus bill and all they managed to do was triple the national deficit in one year.
The national debt will represent 62% of the nation’s economy by the end of this year, the highest percentage since just after World War II.
And, it only gets worse….
The Obama Administration expects to break their record budget deficit record from last year.
Business Week reported:
The Obama administration expects a record budget deficit this year of more than $1.5 trillion, or 10.6 percent of GDP, according to projections the White House released in February. The U.S. deficit is a greater percentage of GDP than any other major industrialized nation except the U.K., where it is estimated to reach 11.4 percent, and Ireland, where it will be 12.2 percent, according to International Monetary Fund projections released in April.
The federal budget gap topped $1 Trillion in June.
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Featured Story:
Busted!… Obama Headlined a DEMOCRAT SOCIALISTS OF AMERICA Event in 1996 **FLIER**
Published May 24, 2012 at 8:46 pm - 89 Comments
Multitude commented:
The Obama Maxim: “It may be that the sole purpose of your life is merely to serve as a warning to others.”
bbh commented:
Jim: When will you leave out the “on job creation” portion and just come right out and say it?
Love this site by the way, it is my first read every morning. Thank you.
Henry Hawkins commented:
New record???
WE’RE NUMBER ONE!
WE’RE NUMBER ONE!
WE’RE NUMBER ONE!
C’mon, git them soccer vulva horns out or whatever y’all call ‘em.
bitterclinger commented:
He’s the best president we’ve ever had.
He’s the best president money could buy.
This is what George Soros is saying.
Soon, we’ll be buying oil from Brazil and making the 2nd-largest holder in Petrobas an even filthier richer slug than he already is. ?Quite a return on George’s investment, eh?
Chisum commented:
Historic!
Multitude commented:
Chisum… I’m with you. Historic clearly goes both directions on the spectrum. Obama’s proudly ascended to #1… just not the direction he thought he was entitled to.
down with dems commented:
Let me be clear:
UNPRECEDENTED
HISTORIC
INHERITED
BUSH’S FAULT
theotherjimmyolson commented:
plus, you know he’s black, also too.
Chisum commented:
MultitudeNo Gravatar
July 13th, 2010 | 9:24 pm | #7
Chisum… I’m with you. Historic clearly goes both directions on the spectrum. Obama’s proudly ascended to #1… just not the direction he thought he was entitled to.
+++++++++++++++++++++++++++
“Change” can go in both directions of the spectrum, too.
Chisum commented:
“plus, you know he’s black, also too.”
++++++++++++++++++++++++++
Also too?
Moron.
Opus #6 commented:
How can anyone think Keynsian economics works. Pretending to have money we don’t have? And we don’t even have any pretend government jobs to show for it?
The District of Criminals needs to be cleaned out.
Chisum commented:
Obama’s Falling Poll Numbers: The Logical Conclusion of the Leftists’ Talking Points
Are you ready to accept your share of the blame for Obama’s collapsing poll numbers? If only “spoiled Americans” would stop nitpicking his amazingly successful run as president, our country would be less child-like, or something like that.
In the face of ominous poll data splashed on the front page of today’s Washington Post, libtalkers were in a tough position today. But only ultra-partisan Democratic Party crony Bill Press could manage to blame voters for Obama’s failure to thrive.
http://no-pasaran.blogspot.com/2010/07/obamas-falling-poll-numbers-logical.html