News, Obama Shatters Spending Record for First-Year Presidents. (unemployment, Reagan, Pelosi)

[JD59]

President Obama has shattered the budget record for first-year presidents -- spending nearly double what his predecessor did when he came into office and far exceeding the first-year tabs for any other U.S. president in history.

In fiscal 2009 the federal government spent $3.52 trillion -- $2.8 trillion in 2000 dollars, which sets a benchmark for comparison.

Obama Shatters Spending Record for First-Year Presidents - FOXNews.com

[saganista]

Who was the last President who did NOT shatter the first-year record in his first year?

[Raena77]

More importantly...How much money did the deregulated banks and insurance companies blow on irresponsible investments thanks to the Republicans?

Estimates are somewhere between 25 trillion to 1 quadrillion.

[♠atizar♠]

Yeah and Reagan ran the deficit into the trillions within just a few short years. How much does that translate to in 2009 dollars? I remember virtually all of the conservatives I knew back then (and I knew plenty - I was in the military then and stationed at southern bases) said we had to spend to pull ourselves out of the recession. So what's your point?

We won't know for years, whether it works. So going nuts about it now accomplishes nothing. It's happening and it's going to continue to happen despite freepers jumping to ludicrous conclusions on forums

Home sales are up. Filings for unemployment benefits are starting to lessen.

Give it some time. But yeah, that would be counter-productive to your agenda, so who am I trying to kid?

[Desert kid]

I don't trust Obama, just as I didn't trust Bush, but Obama is just another fool in the same office, but with pure evil (Pelosi) behind him.

[summers73]

Bush's fault.

[california-jewel]

Originally Posted by summers73

Bush's fault.

Nope all on Obama's watch, and it can't get any worse then it already is! oh but wait, it is.

[MotleyCrew]

So as far as this phoney stimulous for jobs goes, my daughter just got laid off due to the decline in the companies government contracts. This is such a sham and I can't belive that 23% of the idiots in this country that think we are going in the right direction.

[Sign]

They only wish they could spend a lot more!

It's their mission.
Like crack fiends with a serious gambling addiction too.

[Smash255]

You do realize that a good chunk of the 09 spending was put in place prior to Obama becoming President, and about 1/3 of fiscal 09 Bush was in office....