by Ben Johnson, The White House Watch
In 2008, candidate Obama had some harsh words about President George W. Bush’s fiscal policy:
The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up the national debt from 5 trillion for the first 42 presidents — number 43 added $4 trillion by his lonesome, so that we now have $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.
Forget for a moment that during the Bush administration, the highest offense one could commit was to question the patriotism of the far-Left.
CBS News reported Monday:
The latest posting by the Treasury Department shows the national debt has now increased $4 trillion on President Obama’s watch.
The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion.
It’s the most rapid increase in the debt under any U.S. president.
Remember, Number-44 racked up what he deems an “unpatriotic” amount of debt in less than three years, while it took the free-spending George W. Bush administration eight years to compound an equivalent deficit.
By Obama’s reasoning, that means he must really hate this country.