Caught In Hypocrisy - Obama Slams His Own Policies as 'Unpatriotic'!
Most Americans don't really like the type of sleazy, hypocritical politician who will rip his predecessor for something, then turn around and do the exact same thing, in an even more egregious manner.
Perhaps this is one of the many reasons Americans just don't approve of what Obama's doing these days.
Here's the CBS News reporting that prompted this flashback to the 2008 Presidential Election Campaign, followed by the sharp-eyed Ed Morrissey from Hot Air explaining this one
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National debt has Increased $4 Trillion Under Obama
By Mark Knoller | August 22, 2011 6:34 PM
The latest posting by the Treasury Department shows the national debt has now increased $4 trillion on President Obama's watch.
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.
Mr. Obama blames policies inherited from his predecessor's administration for the soaring debt. He singles out:
- "two wars we didn't pay for"
- "a prescription drug program for seniors...we didn't pay for."
- "tax cuts in 2001 and 2003 that were not paid for."
He goes on to blame the recession, and its resulting decrease in tax revenue on businesses, for making fewer sales, and more employees being laid off. He says the recession also resulted in more government spending due to increased unemployment insurance payments, subsidies to farms and funding of infrastructure programs that were part of his stimulus program.
At the first town hall meeting of his Midwestern bus trip last week, Mr. Obama told an audience in Minnesota that "the debt problem is real and the deficit problem is real."
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The Gross National Debt now stands at 97.6 percent of the nation's Gross Domestic Product - the total value of goods and services produced by labor and property in the U.S.
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Flashback: Obama Calls Adding $4 Trillion to National Debt “Unpatri...
POSTED AT 10:45 AM ON AUGUST 24, 2011 BY ED MORRISSEY
Yesterday, I wrote about the CBS News story showing that Barack Obama had added over $4 trillion to the national debt in less than three years, which puts the current President on track in one term (and probably less) to beat the record that took his predecessor two terms to set. Some called this an unfair attack, noting that Congress authorizes spending, a point I addressed yesterday and which does Democrats no good at all. But guess who else blamed rising national debt on a President? Why, it’s Candidate (and then-Senator) Obama,. who not only blamed George Bush for adding more national debt than his previous 42 predecessors combined, but also questioned Bush’s patriotism for the same policies that Obama accelerated as President himself:
The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents – #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.
“Credit card from the Bank of China”? That was a favorite phrase of Obama’s during the campaign. A quick search shows that he used it in an April 2008 debate, this June 2008 appearance, and others as well, usually tying it to tax cuts.
And what exactly has Obama done as President? Despite claiming that he has known that deficit reduction has been needed since the first day he took office, Obama has offered no deficit reduction proposals in his term as President. In fact, he has submitted budget proposals that have massively expanded deficit spending.
Just how patriotic is that? After all, if Obama can use the increase in the national debt to question Bush’s patriotism, doesn’t it follow that increasing deficit spending by 152% per month makes Obama 152% more “unpatriotic” than Bush?
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