Obama’s First Year Spending Shatters Record

It should come as no surprise, but at least now it’s officially documented. From Fox News:

The federal government spent $3.5 trillion during President Obama’s first year in office. This far exceeds the spending for any other first-year president.

This is double what George Bush spent on his first year in office and light years ahead of all previous Presidents… even when adjusted for inflation.

In fairness, this includes the final 3.5 months George Bush was President and, therefore, includes the TARP bailout which was Bush’s blunder.

That still leaves close to $3 Trillion – with a “t” – spent by the President and what Nancy Pelosi described as  “the most honest, most open, and most ethical Congress in history,” as they proceeded to shove through (in the middle of the night and week-end)  a stimulus bill packed with more pork than you’ll find at Honeybaked Ham’s Headquarters.

As the President’s On-The-Job Training proceeded, he continued to act as if the way out of a recession is to spend more money that we don’t have. Maybe after his visit to China, he will have a better idea what we’re facing a couple of years down the road: An economic Tsunami he won’t be able to lay at the feet of George W. Bush.

Please, people… don’t anyone tell President Obama what comes after “Trillions.”

Gerry Ashley

One Response to Obama’s First Year Spending Shatters Record

  1. Doug says:

    Doesn’t matter what comes next, they don’t understand trillions……

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