Ever since President Obama was elected to office, right-wing radicals have attempted to blame him for everything that went wrong in America, including the Poor Economy. Well I’m sick of their lies and drivel! So folks, here are some verifiable, indisputable facts:
*The National Debt increased dramatically under the Bush Administration
When George W. Bush took office, the U.S. National Debt was $5.6 Trillion Dollars. By October 2007, the U.S. National Debt had increased by $3.5 Trillion Dollars (62.5%) to $9.1 Trillion Dollars. “Republicans have forgotten how to control spending.” ~John McCain, November 2007. John McCain was right. Of course, right-wingers hated him for telling the truth.
*The Unemployment Rate increased dramatically under the Bush Administration
According to the Bureau of Labor Statistics, when Bush took office in January 2001, the U.S. Unemployment Rate was 4.2%. When Obama took office in January 2009, the U.S. Unemployment Rate was up to 7.6%. Almost double!
*The Value of the U.S. Dollar declined severely under the Bush Administration
At the end of 2000 BB (Before Bush), the U.S. Dollar was worth 1.21 Euros. By October 2007, the U.S. Dollar was only worth 0.69 Euros. Almost half!
*Oil & gas prices rose dramatically under the Bush Administration
The price of a barrel of oil before the Iraq invasion was $30 and by April 2008, it was $120 (that’s quadruple!). This resulted in Americans paying 3-4 times as much at the gas pumps. Thankfully, the prices have come down a bit since then.
So now tell me, just when did the American Economy go to hell? Right-wing radicals are still trying to deny reality by blaming Obama.