Is it really a fact that Obama spent more in his first 60 days in office than Bush spent in 8 years in office?

Question

Is it really a fact that Obama spent MORE in his first 60 days in office than Bush spent in 8 years in office?

Or is that just a big lie?

Like an agenda driven lie from the right wing propaganda machine or are there actual real facts and numbers to back up this claim or the crazy lying right wingers?

Answer 1

It is a TRUE FACT that Obama authorized the 'investment' of more cash in his first 60 days than all previous presidents combined.



There are facts that are available from the treasury department. You just need to look it up and do a little math.

Answer 2

Yes, except that the money that Bush spent was literally thrown away. He couldn't get rid of our National Treasury quick enough. THIS is the main republican scam - throw all the money away so you can claim that the government is broke and can't regulate anything or help anybody if there's a hurricane.



And where did the money go that Bush threw away? Into the pockets of the Super Rich. And the Super Rich have no allegiance to the US anymore - they're international. Their wealth is marks on a computer screen - the same in NYC as in Singapore.



Our entire National Treasury was thrown to these people in republican tax cuts for the wealthy - corporate welfare - outright gifts - and remember those two stupid, endless wars Bush started - that took a LOT of our money and funneled it into the pockets of the Super Rich like Halliburton.



And Yes - Obama is spending money... the money ISN'T going to the Super Rich - and so the right wing pinheads who shill for the Super Rich are a little pissedoff right now.

Answer 3

Of course, it's not true.



The right wing can't possibly run on their record, so they distort, lie and smear...the only things they're good at.



When Bush took office, we had a debt of almost $5 trillion.



When Bush left office the debt was almost $12 trillion.



This $7 trillion increase in the debt, does not count the predicted end cost of Iraq...$3 trillion, and the cost of Bush's socialized Medicare bill of $8 trillion.



And....Bush created the first $750 billion bailout that didn't happen until Obama took office, so you can hardly blame Obama for this.



Totaling it all up, we see Bush started with a $ 5 trillion debt, and literally left America with a debt of about $ 19 trillion dollars!



Now Obama proposes an $ 850 billion to $ 1 trillion stimulus package, and the republicans whine and cry like the world is coming to an end?!



Isn't it funny how when republicans are out of power, they suddenly become fiscally conservative?!



Where were they for the last 8 years??!!



In Bush's first 6 years, he signed every single solitary spending bill put before him by a republican controlled congress!



Now, suddenly, it's all Obama's fault?!



Right wing, brain dead, neo-con hypocrites.

Answer 4

"Back in 2006, when Democrats were hoping to win control of the House and Senate, party leaders worked themselves into a righteous outrage over the issue of out-of-control federal spending. Rep. Nancy Pelosi, D-Calif., called the Republican budget “irresponsible” and “unpatriotic” because it increased the amount of U.S. debt held by foreign countries. Sen. Harry Reid, D-Nev., accused Republicans of going on “an unprecedented and dangerous borrowing spree” and declared GOP leadership “the most fiscally irresponsible in the history of our country … no other president or Congress even comes close.”



President Barack Obama, accompanied by Vice President Joe Biden, are seen in the State Dining Room of the White House in Washington, Monday, Feb. 23, 2009, before they addressed the National Governors Association regarding the economic stimulus package. (AP Photo/Charles Dharapak) You won’t find too many defenders of George W. Bush’s record on spending these days, even among Republicans. But a check of historical tables compiled by the Office of Management and Budget shows that the spending that so distressed Pelosi and Reid seems downright modest today. After beginning with a Clinton-era surplus of $128 billion in fiscal year 2001, the Bush administration racked up deficits of $158 billion in 2002, $378 billion in 2003, $413 billion in 2004, $318 billion in 2005, $248 billion in 2006, $162 billion in 2007, and $410 billion in 2008.



The current administration would kill to have such small numbers. President Barack Obama is unveiling his budget this week, and, in addition to the inherited Bush deficit, he’s adding his own spending at an astonishing pace, projecting annual deficits well beyond $1 trillion in the near future, and, in the rosiest possible scenario, a $533 billion deficit in 2013, the last year of Obama’s first term."





EDIT: PJ, Bush didn't ask for the 9/11 attacks on this country. He may have come into office without a war but they declared war on us while he was president. I believe he handled it quite well and had an approval rating to prove it. Only after everyone decided they knew best and thought we should just up and leave before the job was done did they criticize him for Iraq. Who are we or you to dictate how long a war should last? You know nothing of what ANY president has to deal with and cannot speak intelligently without all of the facts.

Answer 5

You could say that Obama has created a larger deficit in 60 days then any that Bush had over his 8 years. Signing 1.1 trillion of unfunded spending is not a good way to start when the deficit was going to be large to begin with.

Answer 6

Yes. Obama has spent more in two months than Bush spent in eight years.



His spending proposals have not all kicked in, yet, but that is just semantics.



Obama will likely also spend more on the wars.



Why?



Because Obama's attitude regarding terrorism, projects weakness.



Obama's weak persona couple with his wild spending, has put the entire globe in danger of another major terrorist attack.

Answer 7

Mr. Obama's $3.6 trillion budget blueprint, by his own admission, redefines the role of government in our economy and society. The budget more than doubles the national debt held by the public, adding more to the debt than all previous presidents -- from George Washington to George W. Bush -- combined. It reduces defense spending to a level not sustained since the dangerous days before World War II, while increasing nondefense spending (relative to GDP) to the highest level in U.S. history. And it would raise taxes to historically high levels (again, relative to GDP). And all of this before addressing the impending explosion in Social Security and Medicare costs.



http://online.wsj.com/article/SB123629969453946717.html

Answer 8

No. The National Debt grew by about $5 trillion dollars under Bush. Actual spending was much, much higher. Most estimates I've seen state Obama has spent about $2-3 trillion dollars so far. Obama has spent a lot very quickly, but Bush still spent quite a bit more during his 8 years as president.

Answer 9

YES! That is really sad isnt it! When he bashed Bush for his spending money on a war and on natural disasters and Bush gave more to other countries to the poor than any other president ever did!



And Obama just allowed US Americans to give RICH PEOPLE in other countries 10s of BILLIONS from that AIG Bailout money! To BANKS in other countries!

Obama is giving money to the RICH in other countries! Not the poor like Bush did!

Answer 10

You will get to see socialism in the US. You all vote this guy in to office, so live with it. This what you get for never researching about him before voting, and now you have the greatest spender ever in office and on experance, you or I can do better then him. Try turning off the TV off for couple of days and start to go on the Internet and do some research and see what you find. your eyes will then be opened. And try to believe what you will read and research their information and you will see what you did. go to Y-tube and you will watch all you want. BUT research what you watch so you know the truth.

Answer 11

Obama has created MORE DEFICIT SPENDING than all Presidents from Washington to little Bush combined!

Answer 12

Obama's spending plan (proposed budget) has *not* been passed yet, so the answer is:



No.



There is a difference between proposed spending and actual spending.



If his spending plan passes and *if* he gets everything he wants, then we can talk about who spent more as his plan would double the national debt.

Answer 13

He spent more than Bush overspent. He has already more than tripled Bush's deficit

Answer 14

And don't forget that President Bush...was fighting a war...that the liberals said we could not afford....but hey liberal...you telling me that we can afford this...NO WAY....

Answer 15

He's made plans to spend quite a lot, but he hasn't spent it yet. The numbers you hear are spread out over 3 years, 5 years, 10 years, etc. So, while the right-wing pundits are using real numbers, they are not being honest with them, which has the result of making it look like Obama is more of a runaway spender than he really is.

Answer 16

I wouldn't doubt it, he's wanted to mess up so much stuff already. I've seen about 5 articles via newspaper showing how bad he's messed up trying to "change the country for the better", but failing miserably. :(

Answer 17

He may have spent more, but he was facing a different situation when he came into office than Bush was. Bush had a surplus when he went into office and no war. Obama had Bush's misguided war, and a huge budget deficit and a recession. Totally different situations.

Answer 18

I'm not sure if it's quite yet but at this rate he's going to be the biggest spender in U.S. history.

Answer 19

His overall plan says that he will, but with the war, earmarks, and previous bailout (which has not worked), Bush has spent more on useless crap than Obama has.

Answer 20

Let's see. You are asking us to provide you with a link to disprove your made up half *** attempt at a joke?

Answer 21

Its true! he actually managed to spend more then all the presidents combined....pretty impressive huh....or dumb.

Answer 22

Google it, Obama spends like a drunken drugged up Rap star in a VIP room of a swanky strip bar.

Answer 23

no he has spent more than Regen

Answer 24

We don't really know how many billions were wasted in Iraq, Billions of dollars never actully made it there,.

Answer 25

YES! More than all previous presidents COMBINED! He is a moron!

Answer 26

It is a fact that Bush did nothing to prevent the biggest economic disaster since 1929.

It is also a fact that Obama has to deal with it.