Disaster of the Day– Charting the Obama Destruction
The Washington Post reported: The federal budget deficit soared to a record $1.4 trillion in the fiscal year that ended in September, a chasm of red ink unequaled in the postwar era that threatens to complicate the most ambitious goals of the Obama administration, including plans for fresh spending to create jobs and spur economic recovery.
Doug Ross has more on the disaster.
UPDATE: 2006 Flashback: The 2001 George W. Bush taxcuts increased real annual GDP growth rate from 0.3 percent in 2001 to 2.5 percent in 2002. In the third quarter of 2003, GDP grew at a 7.2 percent annual rate. 1.4 million jobs were created in the nine months after August 2003.