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Obama Explains the Economy to George Bush

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Uploaded on Oct 9, 2010

An Xtranormal video where President Obama explains the economic situation to George Bush.

*****
1) Gross Federal Debt (FYGFD)
http://research.stlouisfed.org/fred2/...

2) Federal Debt Held by Foreign & International Investors (FDHBFIN)
http://research.stlouisfed.org/fred2/...

3) McCain and Obama on Afghanistan
Thursday, July 17, 2008
http://www.time.com/time/magazine/art...

"My first order as Commander in Chief will be to end the war in Iraq and refocus our efforts on Afghanistan ... The central front is in Afghanistan and Pakistan. It is unacceptable that almost seven years after 9/11, those responsible for the attacks remain at large. If another attack on our homeland occurs, it will likely come from this same region where 9/11 was planned. Yet today we have five times more troops in Iraq than Afghanistan.
Senator McCain said just months ago that "Afghanistan is not in trouble because of our diversion to Iraq." I could not disagree more.
I will send at least two additional combat brigades to Afghanistan ... I will once and for all dismantle al-Qaeda and the Taliban." -BO

4) Cost of War to the United States Since 2001
http://costofwar.com/en/

June 2011- Iraq: $784 B (started 3-2003) Afghanistan$425 B (started 10-2001)

5) 7) Here's How The Community Reinvestment Act Led To The Housing Bubble's Lax Lending by Jim Carney 6-27-09
http://www.businessinsider.com/the-cr...

6) National Debt Clock
http://www.brillig.com/debt_clock/

7) The Debt to the Penny and Who Holds It
http://www.treasurydirect.gov/NP/BPDL...

8) TheDC Morning: Obamacare = Obamajobkiller
http://dailycaller.com/2011/11/17/the...

" "In 2008, presidential candidate Barack Obama dismissed President George W. Bush as 'unpatriotic' for boosting the national debt by roughly $4 trillion. ... On Wednesday the federal debt reached $15 trillion ... In July 2008 the national debt was $9 trillion when Obama spoke ... '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 our national debt from $5 trillion for the first 42 presidents, [and] number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion of debt that we are going to have now to pay back... That's irresponsible, that's unpatriotic,' "
[as of 11-17-11 BO has added $4.4 Trillion]

9) Obama says adding $4 trillion to debt is unpatriotic.
http://www.youtube.com/watch?v=DyLmru...

10) Obama, I'll cut the deficit by half by my first turn
http://www.youtube.com/watch?NR=1&...

11) St. Louis Adjusted Monetary Base (BASE)
http://research.stlouisfed.org/fred2/...

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