Bush VS Obama, Part 4: The Economy

by Sean A. LangleyGuest Contributor

If you thought that the previous stuff was long-winded before, let’s just say I’m shortening Economy largely to results because so many factors are taken into account and even then many of them are difficult to factor in. So in that case, we’re going to look at Debt, Energy, but Environment and Employment.

First, we look at the National Debt Clock, found at the U.S. Treasury website at http://www.treasurydirect.gov/NP/debt/current ).

The U.S. Debt from 2001 was $5,728,739,508,558.96, when Bush first took office in January, and was $7,596,142,802,424.14 the night before he retook office in January of 2005. Many people claim he was just “riding the high from the good ol’ Clinton years”, but when he left office, the U.S. Debt was only $10,699,804,864,612.13. In his entire two terms, the most he ever did was barely $4 million, during two war efforts.

Obama took office in January of 2009 with that exact amount of debt, promising he’d get us out of debt within the 1st term (so clearly he doesn’t believe that either). However, the night before he was re-elected, the U.S. debt had climbed to $15,222,940,045,451.09. Currently, the U.S. Debt has reached up to $18,252,007,401,259.20 and still rising without any signs of slowing down.

Gas prices skyrocketed under Bush and did not lower under Obama until recently, but that was proven to be a side effect of the Middle East selling it at extremely cheaper prices and that the global economy is weakening it’s expectations of gasoline for usage. The gas price increase is largely considered to be a result of the war efforts and tax cuts during Bush’s terms. Under Obama, it hasn’t changed until recently and that was mainly due to Europe and Middle East making changes, not any plans or actions taken by the Obama administration.

Bush is responsible for the increase gas prices. And while Obama did nothing to help it, he did nothing to make it worse either. However, the drastic change in U.S. Debt gives this one another Bush win.

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