BushBama ...... In Bush's eight fiscal years, annual federal spending averaged 20.43 percent of GDP, significantly less than Obama's estimated 24.13 percent of GDP.
Bush ran annual deficits that averaged 3.4 percent of GDP — and that includes fiscal 2009, when the deficit soared to 9.9 percent of GDP and Obama signed a $787 billion stimulus bill (some of which was spent in fiscal 2009) after Bush left office. Obama, according to OMB, will run deficits that average 7.5 percent of GDP — or more than twice the average deficits under Bush.
The bottomline on Obama: He puts our money where his mouth is.
Please keep in mind, my point is not pro (R) or con (D) but a contention the Flawed Financial System is at fault where money manipulation is rewarded instead of actual creation of goods and useful services....
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