President Obama, the greatest deficit reducer of all time

by mike kohr 5/1/2013

Super Deficit Reducer
-President Obama-

You'd never know this fact if all you listened to was the Chicken Little, sky is falling crowd, of Faux Gnus. And if all you listened to was the Nixon aide, turned right-wing propaganda huckster, Roger Ailes's, fact free network, you certainly would not be aware that President Obama's deficit reduction results would be even greater if the obstructionist Congress would allow the President to remove the biggest single contributors to today's yearly deficits, namely the George W. Bush era tax give-a-ways to the rich.   

Republicans ran the economy over a cliff, put in place spending and tax policies that exploded the debt, and then  after America elected Barack Obama as President, engaged in unprecedented obstructionism all the while crying that President Obama is not fixing their catastrophic failures quickly enough.

Most amazing in all this, is that on a political level, the Republican Party and Faux Gnus has succeeded. Most Americans are not aware that President Obama's economic policies have actually shrunk the yearly deficit both in raw numbers, and in relation to GDP, the only true way to examine the size of the national debt from administration to administration.

In the fiscal year 2008-2009, the last year of George W. Bush's budgets, the yearly deficit was $1.4 trillion dollars. According to the Congressional Budget Office (CBO) the upcoming 2014 deficit will :  "shrink this year to $845 billion, or 5.3 percent of gross domestic product (GDP), its smallest size since 2008."

Steve Benen of the Maddow Blog, notes that this is the fastest deficit reduction since the end of World War II and at the same time resulted in the strongest job creation in 8 years.

For the math impaired Republican Party and their hair on fire friends at Faux Gnus that is a reduction of $555 billion or a reduction of 40%. In raw numbers, -the misleading numbers that Faux Gnus uses- this is more deficit reduction than all other presidents in history combined.

Adversity presents opportunity, and President Obama, like every other Democratic President was presented with the opportunity to fix a failed economy from his Republican predecessor. President Obama has achieved historic accomplishment because in part he was presented with a a failure of epic proportions.

Republican criticism of the President is nothing more than they wishing to be the hero of their own self inflicted disaster.

sources: http://stuffthatmattersblog.com/2013/03/24/how-to-prove-obama-lowered-the-deficit-in-4-easy-steps/
http://maddowblog.msnbc.com/_news/2013/05/08/18127236-a-deficit-shift-the-gop-may-struggle-to-explain?lite 

Republicans are not Conservative or Fiscally Responsible, -never have been-

Job Creation Under President Obama

459,000 manufacturing jobs have been added since January 2010


Mitt Romney wants to re-institute the George W. Bush economic policies that produced the worst job creation numbers since Herbert Hoover, & the second deepest economic downturn since the Republican gifted Great Depression.

ARE WE BETTER OFF THAN 4 YEARS AGO?

7949 DOW close on Bush's last day in office
13,557 yesterday (Biggest 3.5 year gain -EVER-)
-800,000 jobs per month Bush's last month in office

For the 12 months between March 2011 and March 2012, the economy added 2.4 million jobs, or an average of 200,000 per month. (The greatest turnaround -EVER-)

-64%, my 401K under 8 years of Bush
+426%, my 401k under 3.5 years of President Obama
(Biggest turnaround in my 401K -EVER-)

Are we better off than 4 years ago. You betcha!

President Obama's Record Of Private Sector Job Creation Is 157,143 Per Month Since 4/2010, - better than any Republican President’s 1st Term Record -

Since President Obama's economic policies ended the George W. Bush gifted Great Recession, halted staggering monthly job losses that approached 800,000, and returned the nation to positive job growth in record time he has enjoyed a private sector job creation rate that exceeds the 1st term job creation record of ANY Republican President in history.

Below is a table which shows job creation by President for ALL terms served. Reagan's record in his first term in office was 109,000 per month. Reagan inherited stellar job creation from President Carter of 216,000 and by the end of his 1st term, cut it in nearly in half. President Obama inherited the deepest drop in job loss since the Great Depression and has since April of 2010 outperformed every Republican president 1st term record on job creation.

When examining the record of job creation we must look where President Obama started out to fully understand how far he has taken us as a nation down the road to recovery.

ARE WE BETTER OFF THAN 4 YEARS AGO?

7949 DOW close on Bush's last day in office
13,448 yesterday (Biggest 3.5 year gain -EVER-)

-800,000 jobs per month Bush's last month in office
For the 12 months between March 2011 and March 2012, the economy added 2.4 million jobs, or an average of 200,000 per month. (The greatest turnaround -EVER-)

-64%, my 401K under 8 years of Bush
+426%, my 401k under 3.5 years of President Obama
(Biggest turnaround in my 401K -EVER-)

Are we better off than 4 years ago. You betcha!

42 Million Jobs Created Versus 24 million, Yet Another Democratic Economic Success Story

And remember in November, Willard Romney wants to re-institute the George W. Bush economic policies that produced the worst job creation numbers since Herbert Hoover, the second deepest economic downturn since the Republican gifted Great Depression and the worst accumulation of national debt since Ronald Reagan.


Romney is doubling down on the most disastrous economic policy in 70 years. That seems like a bad idea to me.

see also, JOB GROWTH:        http://bureaucountydems.blogspot.com/p/job-growth.html
               NATIONAL DEBT:  http://bureaucountydems.blogspot.com/p/national-debt.html
         ECONOMIC RECORD:  http://bureaucountydems.blogspot.com/p/economic-record.html
 HISTORY OF RECESSION:  http://bureaucountydems.blogspot.com/p/economic-record.html

IF YOU WANT TO LIVE LIKE A REPUBLICAN, VOTE DEMOCRATIC

80-year study: Democrats Better at Economics

When it comes to which party is better for the economy, Republicans talk the talk, but it's Democrats who deliver the goods according to an unusual 80-year study of the impact presidents have on growth, personal wealth, the stock market and even 401ks.


The bottom line, according to Bulls, Bears and the Ballot Box: Of the five best economic presidents since Herbert Hoover, only one is a Republican. The paydirt finding: $100,000 invested during the 40 years Republicans had the White House would be worth $126,027. The same amount invested in the stock market during the Democrat's 40 years would be $3,912,210

read full article: http://washingtonexaminer.com/80-year-study-democrats-better-at-economics/article/2505194
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I've been saying this for 30 years. See tabs to the right: National Debt, Job Creation, Economic Record, History of Recession. I'm glad to see I stand with such distinguished company.  -m.kohr-

INCOME GROWTH BY PARTY, 1948-2005

If there was ever one chart that summed up success of Democratic Bubble Up Economic policy, this is it.

The 95th percentile, or the top 5% of income earners in the country, do better under Democratic Economic Policy, as does EVERY other percentile. And Democratic Economic Principle performs vastly better as you descend the economic dogpile. Targeting tax cuts and investment to the benefit of the working people in this nation helps everyone in this nation.