From William Teach:
By William Teach March 20, 2012 – 8:56 am
Is there anything that Obama takes the blame for? We know he likes to take credit for everything that happens. He took credit for ending the Iraq mission after sticking with Bush’s timeline. Credit for the oil drilling that was approved by the Bush administration. And anything good in the economy, Obama takes credit, and if it is bad, blames Bush. Only some of the bucks stop at Obama’s desk
(CBS) The National Debt has now increased more during President Obama’s three years and two months in office than it did during 8 years of the George W. Bush presidency.
The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office.
The latest posting from the Bureau of Public Debt at the Treasury Department shows the National Debt now stands at $15.566 trillion. It was $10.626 trillion on President Bush’s last day in office, which coincided with President Obama’s first day.
You can guess what is coming, right?
Mr. Obama has been quick to blame his predecessor for the soaring Debt, saying Mr. Bush paid for two wars and a Medicare prescription drug program with borrowed funds.
Exactly what was the Stimulus? A massive political payback bill paid for with borrowed funds. Is that Bush’s fault? And all the other little stimulus bills that followed? The man is shameless, and the most unpresidential president of all time.
And while President Obama can reasonably say that part of the increase in the debt is due to policies enacted under the Bush Administration, President Bush never spent more than 20.8% of GDP in total federal outlays, President Obama has not only exceeded that, by a lot, every year, but wants to continue to spend between 22.2 and 23.3% of GDP every year for as far out as his FY2013 budget proposal could project. A between 1.4% and 2.5% additional percentage of GDP spent at the federal level has nothing to do with President Bush; that’s all President Obama’s responsibility. There was a pretty good Democratic President who understood just where responsibility ultimately rests; our current, very bad Democratic President has apparently never heard of the sign on President Truman’s desk.
What is both interesting and amusing, however, was the source Mr Teach used: CBS News. CBS was the network which tried to get President Bush defeated in 2004, with the forged documents “Rathergate” scandal, and then again, by attempting to withhold a damaging story on the loss of custody of captured Iraqi weapons until the Sunday before the election, to try to deny the Bush Administration a chance to respond. The New York Times broke the story a week earlier, however, and the Bush campaign was able to respond.2 Now, even CBS News isn’t giving cover to President Obama.
So, how does President Obama see adding $4.939 trillion to the national debt? Your editor will let the President tell us, in his own words, how he sees it:
- The reader must manually plug in the date for the information he wishes. ↩
- Your editor was flipping through several channels on election night of 2004, and he still remembers the totally hangdog face of Dan Rather, asking the even more dejected Ed Bradley for another scenario under which Senator John F Kerry (D-MA) could somehow pull it out, after it was apparent that President Bush had carried Ohio. Of all of the liberal media bias I have noticed, CBS News election night coverage in 2004 was absolutely the worst ↩