Hey America, how’s that Obama “Hopey, Changey” stuff working out for you? A historic election indeed …
Barack Obama was elected in 2008 in a historic election. Obama later made history and became the first president ever to hold the presidency during a downgrade of the American Triple A credit rating. Guess what, he has yet another historic moment to add to his resume. According to CBS News, the Treasury Department reports that the national debt has now increased $4 trillion on President Barack Obama’s Presidency.Interesting enough, Obama’s historical events cause the US economy to act hysterically.
The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion.
It’s the most rapid increase in the debt under any U.S. president.
The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama’s four-year term.
As Doug Ross says, when Obama has lost CBS, you know you have problems. How much longer is the public going to take the repeated excuses of blaming others? It does not look like much longer as Obama’s job approval ratings have hit an all-time low. Two pieces of information for Obama. One, when you beg people to vote for you for a job that no one twisted your arm or forces you to run for when you knew the difficulties that you faced, you don’t then blame others when your policies are a complete and total failure. Two, if you are complaining about what you inherited, imagine what the next President is going to inherit from your four years.
2012 cannot come fast enough and it is frightening that this president has another year and a half to cause more damage.
UPDATE I: New national debt data: It’s growing about $3 million a minute, even during his vacation.
Updated numbers for the national debt are just out: It’s now $14,639,000,000,000.
When Barack Obama took the oath of office twice on Jan. 20, 2009, CBS’ amazing number cruncher Mark Knoller reports, the national debt was $10,626,000,000,000.
That means the debt that our federal government owes a whole lot of somebodies including China has increased $4,247,000,000,000 in just 945 days. That’s the fastest increase under any president ever.