Unreal…Obama Tells Supporters: "I've Never Been More Confident That Our Nation Is Headed in Right Direction"
Worst. President. Ever.
Less than one week ago the Obama Administration announced that the July deficit totaled $165 billion…
That’s more than the Bush deficit for the entire year of 2007.
During the Bush years, despite the 2000 Recession, the attacks on 9-11, the stock market scandals, Hurricane Katrina, and wars in Iraq and Afghanistan, the Bush Administration was able to reduce the budget deficit from 412 billion dollars in 2004 to 162 billion dollars in 2007, a sixty percent drop.
In 2004 the federal budget deficit was 412 billion dollars. In 2005 it dropped to 318 billion dollars. In 2006 the deficit dipped to 248 billion dollars. And, in 2007 it fell below 200 billion to 162 billion dollars. During the Bush years the average unemployment rate was 5.2 percent, the economy saw the strongest productivity growth in four decades and there was robust GDP growth.
After an unheard of record deficit last year of $1.4 Trillion the economy is on track to experience a $1.47 Trillion deficit this year.
Unemployment is at record levels.
But, that didn’t stop Barack Obama from telling supporters today that he’s never been more confident that the US is going in the right direction.
My FOX DC reported:
President Barack Obama said Tuesday that he has “never been more confident that our nation is headed in the right direction.”
“We are doing what is needed to move forward, and we’re doing what’s necessary not just to rebuild the economy for the short term, we want to rebuild it for the long term,” the president said at a Seattle fundraiser for Sen. Patty Murray (D-Wash).
Obama said his administration will “keep fighting as hard as we can for as long as it takes to turn this economy around,” adding, “The United States does not play for second place – we play for first.”
He also railed against Republicans for attempting to impede his efforts to rebuild the economy.
“Their slogan is ‘no we can’t.’ That’s really inspiring, this vision they have for the future,” the president joked. “Gives you a little pep in your step when you hear it.”
Yeah, America is going in the right direction… if you want the economy to collapse.