Obama outdoes Bush deficit for all of 2006 in two months – so what’s he going to do? Spend more money, of course!

December 7, 2009
By 5 comments
The joke's on you, America

The joke's on you, America

Not only has President Obama tripled the deficit since taking office, in the first two months of FY2010, his deficit is worse than the deficit for the entire year of 2006 under President Bush.

So, what is Dear Leader doing about his huge deficit? Is he applying TARP funds the banks are repaying toward the national debt? Don’t be silly! He’s spending it on more phony jobs!

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5 Responses to Obama outdoes Bush deficit for all of 2006 in two months – so what’s he going to do? Spend more money, of course!

  1. ZORRO on December 8, 2009 at 10:31 am

    The unions will love him even more.

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  2. Mark on December 8, 2009 at 12:10 pm

    What I find most interesting is that the banks are so morally and ethically corrupt that our legislators have to write laws to prevent them from stealing from us. These laws are euphemistically called “regulation”. Mr. Obama did not create the current financial crisis. It was created by criminals that Mr. Bush turned a blind eye to so that they could profit at the expense of the middle class. Something that Mr. bush was totally unfamiliar with.

    Like or Dislike: Thumb up 0 Thumb down 0

    • Terry S/Will Profit on December 8, 2009 at 4:55 pm

      Yes sir, Bush, and Bush only, created this mess. Sir, you are an ignoramous.

      Like or Dislike: Thumb up 0 Thumb down 0

  3. michigan on December 8, 2009 at 1:51 pm

    I’m going to forward mail and apply online for all of the credit card applications that I can find to 1600 Pennsylvania Ave., just as a service to the Obama family. I’m sure when they spend themselves over their head they simply fill out another application. With just the click of a mouse or stroke of a pen we can all be out of debt any time we want. Credit approval may be another issue.

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  4. michigan on December 8, 2009 at 2:38 pm

    Google the term “redlining” this policy was used waaay back when as a “social justice” excuse to create what is the Community Reinvestment Act. The CRA has been used to mandate that banks loan money to people that can’t qualify for loans. If the banks refused to loan money to people that couldn’t pay it back, ACORN was on the doorstep of the Bank or the executive’s home that ran it, pressuring them to do so. On several occasions, Democrat politicians verified on video questions of insolvency, that there were absolutely no problems with Fannie or Freddie. When the government gives the green light through loan guarantees to banks loaning money to the unqualified, it’s like giving a slow drip of Kryptonite to Superman; eventually it makes him very sick. This in addition to the banks purchasing insurance (AIG) on their bad loans (not Mae or Mac) and then the insurance companies selling them off to wall street as an investment vehicles (derivatives); collapse is imminent and the direct result of “blending” Socialism and Capitalism. It’s a bit unfair of you to blame one or two presidents when the true problem has been grown and perpetuated over decades.

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