In 2008,candidate Obama had some harsh words about President George W. Bush’s fiscal policy:
The problem is,is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children,driving up the national debt from 5 trillion for the first 42 presidents — number 43 added $4 trillion by his lonesome,so that we now have $9 trillion of debt that we are going to have to pay back — $30,000 for every man,woman and child. That’s irresponsible. It’s unpatriotic.
Remember,Number-44 racked up what he deems an “unpatriotic”amount of debt in less than three years,while it took the free-spending George W. Bush administration eight years to compound an equivalent deficit.Continue reading →