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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (127598)	4/27/2011 2:08:28 PM
From: longnshort	1 Recommendation Respond to of 132070

were you asleep, Bush got the DOW to 14000, then Pelsois and reid to over and dropped the dow back to 8k, then the repubs took over the house and brought the markets back

To: Knighty Tin who wrote (127598)	4/27/2011 2:15:21 PM
From: longnshort	2 Recommendations Respond to of 132070

Obama will run up a total of $2.826 trillion in deficit spending ($1.294 trillion in 2010, an estimated $1.267 trillion in 2011, and the $265 billion in "stimulus" money that was spent in 2009). Thus, Bush ran up an average of $410 billion in deficit spending per year, while Obama is running up an average of $1.413 trillion in deficit spending per year — or $1.003 trillion a year more than Bush. Obama, of course, has said the economy made him do it. But the average inflation-adjusted deficits through Obama's first two fiscal years will be more than ten times higher than the average inflation-adjusted deficit during the Great Depression. Even as a percentage of the gross domestic product, the average deficits in Obama's first two fiscal years will more than three times higher the average deficit during the Great Depression. The fact that Obama's deficits have, by any standard, more than tripled those of the Great Depression, cannot convincingly be blamed on the current recession. npr.org