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The $5 Trillion Dollar President Why It Was Not A Good Idea For President Barack Obama To Spend That Much Money June 16. 2012 Two big spenders, former President George W. Bush and current President Barack Obama U.S. President Barack Obama has added $5 trillion to the national deficit in America. The president's supporters often defend everything he does, which is not a good idea, as his administration needs a healthy dose of criticism, because it is about to hit a wall head on. To have spent that significant sum of money was to weaken and deteriorate the U.S. economy and currency in the world. It also means having gone down in world history as the president that spent the most money in United States history, which is a dubious distinction. Presidencies are supposed to be about wise governance, restraint, productivity and efficiency. How is the nation going to repay that massive debt, which has the government greatly indebted to foreign countries. Some keep emphasizing the point that there are those out there who believe former President George W. Bush did more damage to the U.S. economy than President Barack Obama. In some ways, yes. In other ways, no. Bush initiated the damage and negligently tried to cover it up, wasting valuable time that allowed the crisis to morph and mushroom. However, Obama has unadvisedly spent $5 trillion trying to fix it, making the crisis exponentially worse. Furthermore, Obama is not running against Bush in this year's presidential election. Obama is running against Mitt Romney, a successful, wealthy businessman that has years of governing experience from his time as Governor of Massachusetts. Having written that, the next president is going to have a very tough time trying to reduce the deficit after what the Obama Administration has done to it. It is mind-boggling how much money Obama has spent. Future generations will ask, why didn't Congress stop him before it reached said terrible figure. RELATED ARTICLES Will Hollywood Tank Barack Obama's Presidency And Scupper His Reelection Bid The Obama Administration Is Busy Calling People's Mothers Mitt Romney And His Political Party Have Raised More Money Than President Obama And The Democrats President Obama Hit By Terrible Jobs Report That Critics State Harms His Chance Of Reelection Who Is Connecting More With U.S. Voters President Obama Or Challenger Mitt Romney Barack Obama Unable To Dent Mitt Romney's Reputation As A Business Man With Negative Ads Gallup Poll Reveals Americans Favor Mitt Romney Over President Obama When It Comes To The Economy Polls Indicate These Are Obama's Last Few Months In Office But He Does Not Agree Mitt Romney Is Beating Barack Obama Again In Latest Gallup Poll To Predict The Presidency Poll: Obama Will Lose The 2012 Election By A Landslide President Barack Obama Still Lagging In The Polls Behind Mitt Romney Polls Concur Republican Candidates Are Rating More Favorably With The Public Than President Obama |
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