Showing posts with label George W. Bush. Show all posts
Showing posts with label George W. Bush. Show all posts

Sunday, May 17, 2009

Driving The Debt Car During Carter's Second Term

The National Debt Roadtrip - A graphic illustration on the proportion of Federal Government spending under Barack Obama, his Administration and the current U.S. Congress [Crtl-Click image to launch video]. Image Credit: PDF Conversion by Edmund Jenks (2009)

Driving The Debt Car During Carter's Second Term

How did the national debt get so big? How do the Obama deficits compare with past presidents?

This video attempts to illustrate the answer to those questions by looking at the debt as a road trip and seeing how fast different administrations have been traveling.

A common reaction many of us hear who are upset and concerned with the huge expansion of federal spending and thus a dramatic increase in the national debt is, "What about W's [George W. Bush] rampant spending!" To which us fiscal conservatives will say, "We didn't like that either, and said so at the time." (NOTE: Barack Obama as a Senator, voted for and approved the rampant spending of the Bush Administration)

Many "PROGRESSIVES" dismiss this, mistakenly assuming fiscal conservatives believe and behave the same as the Republican members in Congress. To be honest, this issue of debt accumulation and spending is neither Conservative or Liberal ... but it is Progressive.

This brief YouTube video does a superb job of showing why most level headed citizens are so upset over the fiscal policies of the Obama Administration and Congress (started under Bush last fall). The expansion of Federal Government and the massive spending passed over the first 100 days of the 44th Presidency is historic, and not necessarily in a good way.



This excerpted and edited from PoliticalMath -

The National Debt Road Trip – Complaint 1
May 16, 2009

I had a commenter for the National Debt Road Trip call BS on some of my numbers, so I wanted to run some sample numbers to make sure that I’m being as transparent as possible.

Complaint: “Obama’s projected to add about 9 trillion. That isn’t three times as much as Bush’s nearly 5 trillion.”

First of all, let’s get the numbers right. In raw unadjusted dollars, Bush increased the debt from $5.674 trillion to $10.024 trillion. That is $4.35 trillion, not five. And Obama has projected that he will increase it from $10.024 trillion to $20.004 trillion, which is $9.979 trillion … far closer to $10 trillion than to $9 trillion.
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But still, $10 trillion is not three times $4.35 trillion. But that’s where inflation adjustment comes in. According to this inflation calculator, $5.674 trillion in 2000 dollars is the same as $7.035 trillion in 2008 dollars. This makes the inflation adjusted difference between the 2000 debt and the 2008 debt just $2.94 trillion.

I gave Obama a break by assuming that his team didn’t adjust for future inflation, so I made adjustements to his numbers, which meant cutting about $1.6 trillion off the debt leaving us with $18.4 trillion. This means he plans on increasing the debt by about $8.2 trillion (rounding down).

8.2 / 2.94 = 2.79 (the coefficient determining the speed calculation)

64 mph * 2.79 = 178.37 mph

Which is actually a shade faster than I said Obama was going.

I know most liberals aren’t going to believe this, but I really am trying to give him the benefit of the doubt. In this video alone, I underestimated the inflation adjusted debt and I rounded everything down for him. If he still doesn’t look good, it’s not my fault.
Reference Here>>

For more information, follow the Twitter account - PoliticalMath - or visit - politicalmath.wordpress.com

Monday, October 20, 2008

“General WMD” Powell Endorses “Senator Speech” Obama

Colin Powell hailed the Sen. Obama as a "transformational figure" and expressed disappointment in the negative tone of Sen. John McCain's campaign, as well as his choice of Alaska Gov. Sarah Palin as running mate. Image Credit: Meet The Press – NBC

“General WMD” Powell Endorses “Senator Speech” Obama

Nobody can make this stuff up!

At this very moment with a little more than two weeks before the election, Senator Barack Obama had spent a total of 143 days on the floor of the United States Senate before declaring his intention to become the candidate nominee of the Democrat Party for the office of President of the United States. During the primary process before he was able to secure his political party’s nomination, he had to compete against Senator Hillary Clinton who characterized her opponent as a person who’s only accomplishment was a speech given stating a position as being against the war in Iraq.

Colin Powell is a Free Enterprise citizen making money from speeches he gives on behalf of his long list of accomplishments which include directing and winning the first Gulf War (an action opposed by then Senator and current Vice-Presidential candidate, Joe Biden) under George Bush, President #41, and being the Secretary of State and selling the invasion of Iraq by the United States to the United Nations for George Bush, President #43.

Step back in time with me for a moment and have your brain fire off in a synapse cluster.

After September 11, 2001, our Government was looking to respond and hunt down the forces that were aligned to attack the United States and thereby the free world.

In the run up to our impending invasion of Iraq, Barack Obama and Colin Powell were leading distinctly different lives.

This excerpted and edited from The White House website -

U.S. Secretary of State Colin Powell Addresses the U.N. Security Council

This transcript includes the slides that were displayed during the remarks. They are placed in the text approximately where they were displayed in the address. To view the slides, click on the graphic (a pop-up window will appear).
February 5, 2003

For more than 20 years, by word and by deed Saddam Hussein has pursued his ambition to dominate Iraq and the broader Middle East using the only means he knows, intimidation, coercion and annihilation of all those who might stand in his way. For Saddam Hussein, possession of the world's most deadly weapons is the ultimate trump card, the one he most hold to fulfill his ambition.

We know that Saddam Hussein is determined to keep his weapons of mass destruction; he's determined to make more. Given Saddam Hussein's history of aggression, given what we know of his grandiose plans, given what we know of his terrorist associations and given his determination to exact revenge on those who oppose him, should we take the risk that he will not some day use these weapons at a time and the place and in the manner of his choosing at a time when the world is in a much weaker position to respond?

The United States will not and cannot run that risk to the American people. Leaving Saddam Hussein in possession of weapons of mass destruction for a few more months or years is not an option, not in a post-September 11th world.
Reference Here>>

Colin Powell said this with having all of his “skin-in-the-game” as Secretary Of State of the United States and delivered his presentation in front of the world representatives gathered at the United Nations.

At this very time of Colin Powell’s presentation to the United Nations, Barack Obama was gearing up his (eventually unopposed) run for the office of United States Senator from the state of Illinois.

This edited and excerpted from The Black Commentator -

The Black Commentator
Issue Number 45 - June 5, 2003

Barack Obama,
[an ACORN community organizer,] a constitutional law professor and state senator from the south side of Chicago, is a leading candidate for the US Senate in the March 2004 Illinois Democratic primary. It's an open seat with no incumbent. In a crowded field that includes three well-known and better-funded opponents, Obama is definitely a contender. But who is Barack Obama?
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At an antiwar meeting last October, 2002, Obama was certainly pitching to that Democratic base in the progressive and African American community:

"I don't oppose all wars ... What I am opposed to is a dumb war. What I am opposed to is a rash war. What I am opposed to is the cynical attempt by Richard Perle and Paul Wolfowitz and other arm-chair, weekend warriors in this Administration to shove their own ideological agendas down our throats, irrespective of the costs in lives lost and in hardships borne.
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"That's what I'm opposed to. A dumb war. A rash war. A war based not on reason but on passion, not on principle but on politics .... "

Reference Here>>

Barack Obama said this without having any “skin-in-the-game” to a small crowd of like minded people gathered at an antiwar meeting in Chicago, Illinois.

This weekend with a little more than two weeks left before the election, Free Market citizen and professed Republican (speaking fees estimated at $100,000 per appearance), Colin Powell announced his endorsement for Barack Obama.

This edited and excerpted from Meet The Press, October 19, 2008 –

'Meet the Press' transcript for Oct. 19, 2008
Former Secretary of State Gen. Colin Powell (Ret.), Chuck Todd, David Brooks, Jon Meacham, Andrea Mitchell, Joe Scarborough


[Colin Powell]

I know both of these individuals very well now. I've known John for 25 years as your setup said. And I've gotten to know Mr. Obama quite well over the past two years. Both of them are distinguished Americans who are patriotic, who are dedicated to the welfare of our country. Either one of them, I think, would be a good president. I have said to Mr. McCain that I admire all he has done. I have some concerns about the direction that the party has taken in recent years. It has moved more to the right than I would like to see it, but that's a choice the party makes. And I've said to Mr. Obama, "You have to pass a test of do you have enough experience, and do you bring the judgment to the table that would give us confidence that you would be a good president."
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So, when I look at all of this and I think back to my Army career, we've got two individuals, either one of them could be a good president. But which is the president that we need now? Which is the individual that serves the needs of the nation for the next period of time? And I come to the conclusion that because of his ability to inspire, because of the inclusive nature of his campaign, because he is reaching out all across America, because of who he is and his rhetorical abilities--and we have to take that into account--as well as his substance--he has both style and substance--he has met the standard of being a successful president, being an exceptional president. I think he is a transformational figure. He is a new generation coming into the world--onto the world stage, onto the American stage, and for that reason I'll be voting for Senator Barack Obama.
Reference Here>>

So there you have it, former Secretary of State Gen. Colin Powell endorses junior Senator fom Illinois, Barack Obama for President of the United States. He does so by sighting Style and Substance and not one word about his life accomplishments, and possible philosophical ideals that would be good for all of America to embrace.

OUCH!

This is a Republican who sold the world on the fact that Iraq had Weapons of Mass Destruction (WMD’s) and was heralded for his prowess as a successful chief warrior when our country was called on by the world to move the invasion army of Iraq out of Kuwait in the first Gulf War.

This is also a Republican who opposes the right to life for the unborn, opposes the appointments to the Supreme Court of the United States; Chief Justice Roberts and Justices Scalia, Thomas, and Alito. Does he also disapprove of his appointments to being a Four-Star General in the Army (President Ronald Reagan, #40), Chairman of the Joint Chiefs of Staff of the Military (President George H.W. Bush, #41), and Secretary of State of the United States (President George W. Bush, #43)?

With a Republican like this ... who needs Democrats?

We can only imagine what type of position a Colin Powell has negotiated for himself in a Barack Obama/Carter's Second Term administration. Oh, and do not forget ... this endorsement isn't about race.