Whacko Politics

George W. Bush was a spendthrift president whose budgets drove up the national debt to unprecedented levels. Over his two terms in office, federal debt increased by $4.899 trillion. But Bush is a piker compared to Barack Obama. In just a little more than three years in office, Obama’s fiscal recklessness raised the national debt by an astonishing $4.939 trillion — already more than Bush’s eight years. Of even graver concern, our national debt is approaching $16 trillion and now exceeds 100 percent of gross domestic product.

While on the campaign trail in 2008, Obama called Bush’s spending “irresponsible” and “unpatriotic.” Where does that put him?

Cartoon and quote courtesy The Patriot Post.

From The Washington Times via John Lott: After receiving $885 million in Stimulus, “D.C. has no count of jobs from stimulus”

Despite receiving more than $885 million in federal economic stimulus funds since 2009, the D.C. government — whose residents face one of the highest unemployment rates in the nation — cannot say how many jobs it actually created for those who live in the District.

Most of the money has been spent, and data suggest that overall regional job growth did occur as a result of the massive infusion of capital. But a review by The Washington Times of figures provided by D.C. officials shows that the city spent hundreds of millions of dollars without being able to demonstrate any significant improvement in the city’s jobs outlook.

Zero Jobs Image Courtesy The Patriot Post

If anything, the employment picture has worsened in the District. At the end of 2011, according to the U.S. Bureau of Labor Statistics, the city’s unemployment rate was 10.4 percent, ahead of only three states: Nevada (12.6 percent), California (11.1 percent) and Rhode Island (10.8 percent). . . .