President Obama Also Inherited A Triple A Rating: Punch Line Politics

Bookmark and Share   In honor of President Obama becoming the first American President to have our credit rating downgraded, White House 2012 presents to you a page dedicated to the Obama economy. And yes, after well over two years, this is his economy. I mean after all, President Obama did inherit many things when he took office. But you know what he also inherited from former President George W. Bush? A triple A credit rating? So suck it up Mr. President. After more than two years of laying blame on others, what exactly is it that you are responsible for?

President Obama was not responsible for the handing of the Gulf Oil disaster, the debacle that turned what was supposed to be “The Summer of Recovery” into the summer that never was for businesses and tourism in the Gulf States. He was responsible for creating 2 million jobs but he is not responsible high unempoyment?   He is not responsible for the national debt, yet President Obama added more to the national debt in the first 19 months of his first term than all the Presidents from Washington through Reagan combined. President Obama is not responsible for the war he created with Libya and left up to our incompetent European allies, but he is responsible for the capture of Osama bin Laden?

Well the truth is that our President is responsible. He can’t have it both ways. He is the Commander-in-Chief and as such, he is responsible. He is responsible for both his actions and his inactions. And when it comes to the economy, he is just as responsible for its condition as a bank robber is for the money they stole from the bank vault.

To drive that point home, here are few humorous ways of pinting it out:

The Obama economy is so bad.… that the I.R.S. is allowing Americans to list him as the most expensive dependent on your tax return?

The Obama economy is so bad…. that President Obama is planning to write off his second term.

The Obama economy is so bad.… that Kenya now claims he wasn’t born there.

The Obama economy is so bad…that the President is changing his slogan to “Hope and Spare Change!”

The Obama economy is so bad…that Nancy Pelosi is selling earmarks for 1/2 price.

 The Obama economy is so bad…that the President is running a small business on the side. It’s called GM.

The Obama economy is so bad…that Rosie O’Donnell is losing weight.

The Obama economy is so bad…that Al Gore is selling carbon credits on late night television.

 The Obama economy is so bad…that Bill Ayers has to make do with M-80s.

 The Obama economy is so bad…that Barack’s pyramid is on hold.

The Obama economy is so bad…that you can order checks pre-marked “Insufficient Funds.”

The Obama economy is so bad…that Americans are being caught sneaking into Mexico.

The Obama economy is so bad…that the Chicago mob is laying off judges.

The Obama economy is so bad…that the federal stimulus checks are bouncing.

The Obama economy is so bad…that even people who aren’t in the Cabinet have stopped paying taxes.

The Obama economy is so bad…that Michael Vick is working at Petco.

The Obama economy is so bad…that Al Sharpton cuts his own hair.

The Obama economy is so bad…that McDonald’s has a layaway plan.

Now going from the ridiculous to the sublime……… some brief facts:

Our credit rating was downgraded for a number of factors.  Among them, according to Standard & Poors the political atmosphere which makes it unlikely for a significant political agreement on how to control spending, and an inability to reform Medicare and Social Security which will account for the largest portion of doubt. Other factors played a roll too but all of them led to one overriding issue……..our inability to control our debt.

More facts:

When it comes to the very thing that is responsible for the United States’ having its credit rating downgraded for the first time in history, our debt, one should understand that no single person is more responsible for that debt than is our President. Don’t believe me? Than look at the facts below

While the numbers below do not reflect the actual total national debt, it does reflect the amount of the INCREASE in the national debt during each presidential term.

  • Ronald Reagan’s First Term – $656 billion increase
  • Ronald Reagan’s Second Term – $1.036 trillion increase
  • George H.W. Bush’s Term – $1.587 trillion increase
  • Bill Clinton’s First Term – $1.122 trillion increase
  • Bill Clinton’s Second Term – $418 billion increase
  • George W. Bush’s First Term – $1.885 trillion increase
  • George W. Bush’s Second Term – $3.014 trillion increase
  • Barack Obama’s First “Year” – $1.573 trillion increase

So, while it is obvious that the national debt was a creation of bi-partisan doing, it is also quite apparent that the largest increase during a single year occurred during Barack Obama’s first year. While George W. Bush’s second four years in office saw the largest increase for a complete term, Barack Obama is barely through half of his first term and he has surpassed that record in droves. So who is responsible? Is it the TEA Party? Is it the new Republican majority in the House of Representatives? Is it those who voted against the recent debt ceiling hike agreement because they believed it did not cut spending enough? Or is it the President who refused to play an ctive role in cutting spending and has grown the size and scope and cost of  government by leaps and bounds?

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