Thanks Barack… Federal Deficit Highest Since 1940s
Posted by Jim Hoft on Wednesday, August 1, 2012, 6:52 AM
It’s an Obama World.
Barack Obama is the first US president in history to run four straight years of trillion dollar deficits.
No one has come close to that record.
(J. Hoft Chart)
Barack Obama is the worst jobs president since the Great Depression.
Barack Obama owns the largest four deficits in history.
Barack Obama added $5 trillion to the US debt in just over three years – another record.
The GDP is sliding each quarter – this last quarter the GDP slid to 1.5%.
Now this…
It’s so bad the national deficit is is higher than it has been since the 1940s.
US News reported:
The federal deficit is higher than it has been since the 1940s, in the years immediately after World War II.
A new visual from the “Face the Facts USA,” a non-partisan election project from George Washington University, shows the federal deficit has risen significantly under President Barack Obama, and that the government is increasingly spending money it doesn’t have.
In every second of 2011, for example, the government spent $114,253—even though it was only taking in $73,043 in revenue. According to Face the Facts, that means the federal government spent $41,210 every second that it didn’t actually have.
The deficit this year, however, looks as if it will be lower than it was the day President Obama assumed office.
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Granny commented:
I’m sure it will be lower – but of course it will also be revised upwards several months later.
Patty commented:
Hey, big spender!!! Start singing Obama!!
Gallup: Obama Approval Below Fifty In All Major Swing States
Today, Gallup released new job approvals polls taken in all fifty states with the headline: “Thirteen States and D.C. Give Obama Majority Approval.”
You can also read that as “Obama Below Majority Approval In 37 States”.
The problem for Obama is that his approval numbers are only above 50% in states we already know he’s going to win in November. But in the swing states he must take in order to win the opportunity to finish the job of destroying our country, the President is well below 50.
Iowa, Florida, Virginia, Pennsylvania — 46%.
Nevada, New Mexico, North Carolina — 45%
Ohio — 44%.
Colorado, New Hampshire — 43%.
Gallup explains how dire these numbers are for Obama: {….}
http://www.breitbart.com/Big-Government/2012/08/01/Gallup-Obama-Job-Approval-50-States
Patty commented:
http://danieljmitchell.files.wordpress.com/2012/02/reagan-v-obama-2012.jpg?w=500&h=197
View image
Video here: http://finance.townhall.com/columnists/danieljmitchell/2012/02/26/has_obama_made_the_economy_better_or_worse/page/full/
The gap between the two lines in the charts is a measure of how Obama’s policies have undermined the economy, as I mentioned on the program. However, I also said that this may not matter much this November if Republicans are incapable of making coherent economic arguments.
One last thing to emphasize is that Jared resorted to dishonest Washington math when discussing Obama’s make-believe budget cuts. When you use honest numbers, as i did when analyzing the President’s new budget, you find that the burden of government spending is going to climb by $2 trillion between 2012 and 2022.
http://finance.townhall.com/columnists/danieljmitchell/2012/02/26/has_obama_made_the_economy_better_or_worse/page/full/
Patty commented:
When those in the know, know, exactly what Obama has done and it becomes clearly to the average American, American voters will dump Obama like yesterday’s leftovers.
FurryGuy commented:
So what happened to Barry’s oft-repeated promise to cut the deficit in half? Was this just another campaign promise that he doesn’t have to keep?
Too bad the American Pravda media willfully refuses to even contemplate reporting on such, they have to harass Romney with manufactured lies such as his being a wimp who had lots of gaffes while touring Poland.
Sarah commented:
Now how do we keep getting this information out to a larger and larger audience because the imposter-in-chief is leading in many swing states and still remains ahead at iowa electronic markets and in-trade. We’re running out of time to turn this around. I hope every single reader here is doing every thing they can to work for Romney’s campaign because we are going to have to pull him across the finish line if at all possible…
Patty commented:
Obama has managed to out spend every president and nothing to show for it but more distress and more debt we all will share. Our children are facing such an uphill battle as jobs are few and far between. Even our values have been tested by Obama and his administration. The frustration we are feeling can only be partially erased come November 6th, 2012.
When a president attacks his opponents he is actually attacking us, too. This is unbecoming for a President and there is no reason or rhyme other than preserving his Ideology. And that isn’t helping American in a time when we have different views and rejected by Obama to be heard.
Washington isn’t listening to us but they will come November.
There are many, many more of course, but these will serve to show a pattern of how Obama and his campaign are engaged in the most cynical campaign in recent American history. Obama knows the truth. He simply doesn’t care what the truth is. He and his campaign imagine that if they throw enough lies at the American public, some or many will stick quite regardless of whether they are true or not.
Patty commented:
I don’t recall a more cynical and beyond reproach, a president in denial.
Patty commented:
http://i980.photobucket.com/albums/ae285/AustinRanter/NationalDebtMadeSimple.jpg
older but is still heart breaking
http://www.myfreedompost.com/2010/01/debt-limit-made-simple.html
Debt made simple
National debt in REAL Time.
http://www.usdebtclock.org/
http://s1.hubimg.com/u/6113936_f520.jpg View image
The Real Obama: The national debt
http://video.foxnews.com/v/1533245979001/the-real-obama-the-national-debt/
SeniorD commented:
Hussein Al Chicago (aka Oboo-boo the Inept) now owns two albatrosses – the first is his Noble
PeacePolitical Prizes (for which he did NOTHING) and now a Third World economy that used to be the strongest in the world (for which he did EVERYTHING). What amazes me even more are the millions of Americans that want to re-elect this inept Communist.If his mismanagement of the economy or Fast and Furious don’t count as ‘High Crimes and Misdemeanors’ then we should arrest him for murder of Brian Terry and hundreds of Mexicans.
David commented:
Brilliant. Puts in simplisticly for the libtards. REPUBLICANS NEED TO ARTICULATE THESE FACTS
juandos commented:
What’s really funny about all the libtard whining about Romney’s alledged gaffes on his foreign trip is just another sad attempt to cover up what the real problem is, Obama…
David commented:
The republicans should put together an ad showing an american cleaning the boots of a Chinese person. Might actually scare some of these liberals a little….
radioone commented:
The only “economic news” we’ll get today from the “Democrat-Media Complex” is how much Ann Romney’s blouse cost.
tommy mc donnell commented:
for barack obama, howard dean, andy stern, van jones, wayne radtke, valerie jarret, david axelrod this is what success looks like. it is a marxist’s job to destroy the existing order. and they have the approval of every democrat in congress.
Dave in NYC commented:
The GDP is sliding each quarter – this last quarter the GDP slid to 1.5%.
FALSE. GDP grew 1.5% last quarter. You simply have no idea–literally, none–what you’re talking about.
bg commented:
++
OT..
Lord Help US..
Brian Wiolliams announced that Obama announced, that US troops will be giving Syrian dissenters “clandestine support”???????????????????
not that i don’t think we should have been helping them over a year
ago, but that either doesn’t make one iota of sense, or perhaps i’ve
finally lost my mind, gah!!
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