Free Markets, Free People

Hyperbole and hubris, thy name is Obama

If ever there was a classic case of self-love, I think it currently resides in the White House.  This has been bubbling around the blogosphere for a few days and it is indeed an incredible (and laughable) bit of the Steve Kroft interview with Barack Obama in which Obama rate himself as a president by comparing him to past presidents:

“The issue here is not going be a list of accomplishments. As you said yourself, Steve, you know, I would put our legislative and foreign policy accomplishments in our first two years against any president — with the possible exceptions of Johnson, F.D.R., and Lincoln — just in terms of what we’ve gotten done in modern history. But, you know, but when it comes to the economy, we’ve got a lot more work to do.”

How modest … number four among the 44 presidents this country has seen.  Jefferson?  Washington?  Bleh.  Old dead white men and besides, hardly progressive.  And Lincoln, well, for whatever reason Obama thinks he’s a safe enough Republican to compare himself too.

The Political Commentator did yeoman’s work to compile a list of statistics and stories that point to a completely different conclusion if you’re actually someone who requires facts rather than a self-absorbed narcissist’s opinion of himself:

$45.1 Trillion:

Total Federal Spending Proposed By Obama’s FY2012 Budget Through 2021. (OMB, 9/1/11)

$24.0 Trillion:

Projected Federal Debt In 2021 Due To Obama’s Binge Spending. (OMB, 9/1/11)

$15.1 Trillion:

Current National Debt ($15,073,380,701,589.57). (U.S. Treasury Department, Accessed 12/6/11)

$9.1 Trillion:

Amount Obama’s FY2012 Budget Would Add To The Debt Through FY2021. (OMB, 9/1/11)

$6.4 Trillion:

Cumulative Deficits Caused By President Obama’s Deficit Reduction Proposal. (OMB, 9/19/11)

$5.2 Trillion:

Total Interest Payments On The National Debt Due To Obama’s Proposed Budget, FY2012-2021. (OMB, 9/1/11)

$4.4 Trillion:

Added To The National Debt Since Obama Took Office.(U.S. Treasury Department, Accessed 12/6/11)

$2.6 Trillion:

True Cost Of ObamaCare Once Fully Implemented. (Office Of The Speaker Of The U.S. House Of Representatives,Report, 1/6/11)

$1.75 Trillion:

Annual Cost Of Federal Regulations. (Small Business Administration, September 2010)

$1.57 Trillion:

Tax Hikes In Obama’s Deficit Reduction Proposal. (OMB, 9/19/11)

$1.416 Trillion:

Federal Budget Deficit For FY2009 – Highest In U.S. History.(CBO, 10/7/10)

$1.334 Trillion:

Projected FY2012 Budget Deficit Under Obama’s “Deficit Reduction” Proposal. (OMB, 9/19/11)

$1.298 Trillion:

Federal Budget Deficit For FY2011 – Second Highest In U.S. History. (CBO, 10/7/11)

$1.294 Trillion:

Federal Budget Deficit For FY2010 – Third Highest In U.S. History. (CBO, 10/7/10)

$1.17 Trillion:

Total Cost Of Obama’s First Stimulus With Interest. (CBO, 8/24/11, CBO, 1/27/09)

$1.15 Trillion:

American Debt Held By China. (U.S. Treasury Department, Accessed 12/6/11)

$825 Billion:

Price Tag Of Obama’s First Failed Stimulus. (CBO, 8/24/11)

$763 Billion:

Net Interest Payment On Our National Debt In 2021 Due To Obama’s Proposed Budget. (OMB, 9/1/11)

$575 Billion:

Amount Of Medicare Cuts In ObamaCare. (CMS Chief Actuary Richard S. Foster, Memo, 4/22/10)

$491.7 Billion:

Amount Of Taxes In ObamaCare. (Letter to Speaker Nancy Pelosi, 3/18/10; Joint Committee On Taxation, 3/2/10)

$447 Billion:

Price Tag Of Obama’s Second Stimulus. (The White House, 9/8/11)

$347.1 Billion:

Debt Service Costs For Borrowing To Pay For Obama’s First Stimulus. (CBO, 1/27/09)

$175 Billion:

Increased Spending In Obama’s Second Stimulus. (CBO, 10/5/11)

$141 Billion:

Taxpayer Funds For Fannie Mae And Freddie Mac. (The Hill, 10/27/11)

$105 Billion:

Projected Cost Of New Regulations For 2011. (American Action Network, 9/30/11)

$82.5 Billion:

Cost Of New Regulations To Date For 2011. (American Action Network, 11/4/11)

$24 Billion:

Stimulus Funds Sent To Tax Cheats. (Government Accountability Office, April 2011)

$535 Million:

Stimulus Loan To The Failed Solar Company Solyndra.(The Oakland Tribune, 11/4/10)

88.8 Million:

Annual Paperwork Burden Hours Imposed By Regulators In 2011. (American Action Network, 11/4/11)

49.1 Million:

Number Of Americans Living In Poverty (Supplemental Poverty Measure). (US Census Bureau, 11/7/11)

46.2 Million:

Record Number Of Americans Living In Poverty (Official Measure). (U.S. Census Bureau, 9/13/11)

46.3 Million:

Record Number Of Americans Receiving Food Stamps.(Department Of Agriculture, 11/31/11)

$18 Million:

Cost Of The Stimulus Website Recovery.org. (ABC News’ “The Note“ Blog, 7/8/09)

13.3 Million:

Unemployed Americans. (Bureau of Labor Statistics, Accessed 12/4/11)

8.5 Million:

Americans Working Part-Time For Economic Reasons.(Bureau of Labor Statistics, Accessed 12/4/11)

7.7 Million:

Foreclosure Filings Since Obama Took Office. (RealtyTrac, Accessed 12/6/11)

5.7 Million:

Americans Unemployed 27 Weeks Or Longer. (Bureau of Labor Statistics, Accessed 12/4/11)

$5 Million:

Obama Campaign Cash Raised By Bundlers In The Lobbying Industry. (The New York Times, 10/27/11)

3.9 Million:

Mortgages Either 90 Days Late Or In Foreclosure During September. (Lender Processing Services, 12/1/11)

3.4 Million:

Workers Granted Waivers So That ObamaCare Would Not Outlaw Their Health Care Plan. (HHS.gov, Accessed 10/6/11)

2.6 Million:

Number Of Americans That Fell Into Poverty Between 2009 And 2010. (U.S. Census Bureau, 9/13/11)

1.9 Million:

Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 11/7/11)

1.59 Million:

Personal Bankruptcies In 2010. (United States Courts, 2/15/11)

$1.5 Million:

Stimulus Funds Sent To Indonesia To Discourage Air Pollution In Jakarta. (The Daily Caller, 7/7/11)

1.47 Million:

Personal Bankruptcies In 2009. (United States Courts, 2/15/11)

1.3 Million:

Private Sector Jobs Lost Since Obama Took Office.(Bureau of Labor Statistics, Accessed 12/4/11)

1.1 Million:

Jobs Lost Since Obama’s Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 12/4/11)

1.1 Million:

Americans That Have Given Up Looking For Work. (Bureau of Labor Statistics, Accessed 11/7/11)

1.0 Million:

Construction Jobs Lost Since Obama Took Office. (Bureau of Labor Statistics, Accessed 12/4/11)

541,000:

Private Sector Jobs Lost Since Stimulus Was Passed.(Bureau of Labor Statistics, Accessed 12/4/11)

795,000:

Manufacturing Jobs Lost Since Obama Took Office.(Bureau of Labor Statistics, Accessed 12/4/11)

709,303:

Personal Bankruptcies During First Half Of 2011. (The Wall Street Journal, 7/5/11)

315,000:

Workers That Dropped Out Of The Labor Force In November. (Bureau of Labor Statistics, Accessed 12/4/11)

$278,000:

Cost Per A Stimulus Job. (The Weekly Standard, 7/6/11)

229,700:

Number Of Local Government Education Jobs Lost Since Obama Signed A $10 Billion Teacher Union Bailout He Said Would Save 160,000 Teacher Jobs. (Bureau of Labor Statistics, Accessed 12/4/11; The Washington Post, 8/10/10)

89,000:

The Number Of Stimulus Checks Sent To Dead Or Incarcerated People. (The Wall Street Journal, 10/7/10)

81,405:

Record Number Of Pages Added To The Federal Register In 2010. (Competitive Enterprise Institute, 2011)

66,000:

Number Of Heavy And Civil Engineering Construction Jobs Lost Since The Stimulus Was Passed. (Bureau of Labor Statistics, Accessed 12/4/11)

$48,821:

Your Share Of The National Debt. (U.S. Treasury Department Accessed 11/7/11; U.S. Census Bureau, Accessed 12/6/11)

45,696:

Pages Of New Rules Added To The Federal Register During Obama’s First Two Years In Office. (Competitive Enterprise Institute, 2011)

23,000:

The Number Of Jobs Obama Knew His Drilling Moratorium Would Kill. (The Wall Street Journal, 8/21/10)

$15,500:

Annual Cost Per Household From Federal Regulations.(Small Business Administration, September 2010)

$14,401:

Increase In Your Share Of The National Debt Since Obama Took Office. (U.S. Treasury Department Accessed 12/6/11;U.S. Census Bureau, Accessed 11/7/11)

$11,300:

Negative Effect Of Debt On Gross National Product Per Person In 2035. (CBO, 6/22/11)

$10,585:

Cost Per Employee That Federal Regulations Place On Small Businesses. (Small Business Administration, September 2010)

3,700:

Number Of Tax Delinquents Who Received Stimulus Funds.(Government Accountability Office, April 2011)

2060:

Year Federal Spending Will Reach 50 Percent Of GDP.(CBO, 6/22/11)

2037:

Year That Federal Debt Will Reach 200 Percent Of GDP.(CBO, 6/22/11)

2036:

Year That The Social Security Trust Fund Will Be Exhausted. (The Trustees Of Social Security & Medicare, 5/10/11)

2020:

Year That The CBO Predicts Medicare’s Trust Fund Will Be Exhausted. (CBO, 3/18/11)

1,603:

Number Of Regulations That Would Impact Small Businesses Proposed By Obama Administration In First Two Years In Office. (Competitive Enterprise Institute, 2011)

1,578:

Number Of Waivers Granted To Unions And Businesses So That ObamaCare Would Not Outlaw Their Health Care Plans. (HHS.gov, Accessed 10/6/11)

1,000:

Number Of Jobs Obama’s NLRB Is Trying To Kill In South Carolina. (The Denver Post, 5/2/11)

408:

Number Of Regulations Proposed By Obama During First Two Years That Have An Economic Impact Of Over $100 Million. (Competitive Enterprise Institute, 2011)

90:

Number Of Bank Failures This Year. (FDIC, 12/6/11)

86%:

Americans That Are Dissatisfied With The Direction The Country Is Headed. (Gallup, 11/14/11)

82%:

Federal Debt Held By The Public As Share Of GDP In 2021.(CBO, 8/24/11)

80%:

Small Businesses That Could Be Forced To Change Health Care Plans As A Result Of ObamaCare. (The Washington Post, 6/15/10)

79%:

Stimulus Funds For Wind, Solar And Geothermal Energy Projects That Went To Foreign Firms. (Investigating Reporting Workshop/ABC’s World News Tonight/Watchdog Institute, 2/8/10)

74%:

Americans Who Say Things Are “Going Badly.” (CNN, 11/17/11)

68.6%:

Federal Debt Held By The Public As Share Of GDP By End Of The Year. (OMB, 9/19/11)

63%:

Americans Who Disapprove Of Obama’s Handling Of The Economy. (CNN/ORC Poll, 11/11-13/11)

48.5%:

Households That Receive Some Form Of Government Assistance. (The Wall Street Journal, 10/5/11)

44.8%:

Top Tax Rate By 2014 Under Obama’s FY2012 Budget. (The Washington Post, 5/16/11)

43%:

Obama’s Jobs Approval “Well Shy Of Where It Started In 2011 And Where It Likely Needs To Be In 2012 For Obama To Win Re-Election.” (Gallup, 11/14/11)

43%:

Americans That Believe Their Taxes Will Go Up If Obama Is Reelected. (Quinnipiac Poll, 2118 RV, MoE 2.1%, 9/27-10/3/11)

41.8%:

Increase In National Debt Since Obama Took Office. (U.S. Treasury Department Accessed 12/5/11)

40.9:

Number Of Weeks That It Takes To Find A Job. (Bureau of Labor Statistics, Accessed 12/4/11)

34.2%:

Households That Receive Either Food Stamps, Subsidized Housing, Cash Welfare Or Medicaid. (The Wall Street Journal, 10/5/11)

34:

Record Number Of Straight Months With Unemployment Rate Above 8 Percent. (Bureau of Labor Statistics, Accessed 10/7/11)

32.1%:

Unemployed Workers Out Of Work For Over A Year.(Bureau of Labor Statistics, Accessed 12/4/11)

28%:

Share Of Existing Home Sales In October That Were Distressed Properties (Foreclosures And Short Sales).(National Association Of Realtors, 11/21/11)

25.9%:

Federal Spending As A Share Of GDP By 2021. (CBO, 6/22/11)

22.1%:

Home Loans Underwater (Negative Equity) In Third Quarter Of 2011. (Reuters, 11/29/11)

18%:

Amount GNP Would Be Lowered Due To Debt’s Effect On Economic Growth By 2035. (CBO, 6/22/11)

17%:

Cut To Medicare Benefits When Trust Fund Is Exhausted.(House Ways & Means Committee Hearing, 6/22/11)

15.6%:

Workers Unemployed, Underemployed Or Marginally Attached To The Labor Force. (Bureau of Labor Statistics, Accessed 12/4/11)

15.1%:

Americans Living In Poverty. (U.S. Census Bureau, 9/13/11)

8.6%:

Unemployment Rate. (Bureau of Labor Statistics, Accessed 12/3/11)

7.93%:

Percent Of Home Loans Delinquent In August. (Lender Processing Services, 12/1/11)

5.8%:

Decline In Median Home Sale Price In The Last Year.(National Association Of Realtors, 11/21/11)

3:

Record +$1 Trillion Deficits On Obama’s Watch. (CBO, 10/7/11)

2.3%:

Decline In Median Household Income In 2010. (U.S. Census Bureau, 9/13/11)

0:

Other People Obama Will Have Left To Blame For The Failures Of His Economic Policies In 2012. (The American People, 11/6/12)

4th? I’m sorry but that list is not the stuff of greatness. 

His legislative agenda has been a disaster for the country and has contributed heavily to some of the numbers above.  Additionally, he ignored the problem economy for two years as he worked to pass his legacy legislation, a law which the majority of the country wants to see repealed.  And his foreign policy has been mostly one of weakness or carrying out the foreign policy of the previous administration.  Hardly the stuff of greatness.

Frankly, I’d rate him as 45th out of 44 presidents (worse than one to be named later – hopefully in 2012).

He’s been a disaster, and even liberals have difficulty spinning that in a positive way.  Time to show him the door next year.  Chicago, you can have him back.

~McQ

Twitter: @McQandO

6 Responses to Hyperbole and hubris, thy name is Obama

  • I was thinking about trying this “Obama is the greatest thing since sliced bread White House talking points while you’re passing the gravy” thing on my Obama-loving Sister-in-law and her husband. I figure if I pour it on so unrelentingly thick that even they won’t like Obama any more because they will be sure that if I like him, he must be a “Right Wing stooge.”

    • @Neo_ Come on, gotta love a guy who’ll suspend the writ of Habeas Corpus.

      Sure, clubbing bad guys and throwing them into deep dark holes sounds like a great idea. Until the day they start clubbing wave making good guys and throwing them into deep dark holes because they got annoying or inconvenient to some plan to ‘save us all’

      The left seem bothered by indefinite detentions and drone strikes on Americans? Nah, bad guys, they deserve it.

      Yep and no knock warrants will only be used on bad people.

      Transparent, and freedom loving. This guy’s just awesome. Thank God we got rid of Bush before he created a dictatorship!

    • @Neo_ http://pjmedia.com/blog/the-justice-department-condones-perjury/

      This is typical of the DOJ in the Obamabanana Republic.

      There is NO law they honor and obey themselves. There are few laws they choose to enforce, and they often enforce them based on race.

  • That list of unfavorable items shown above? That’s the reason why Obama needs a second term! Only HE has the vision to correct all those things!

    Thank you! Thank you! I’ll be doing two shows a night ’til Sunday! Remember to tip your waitress!

  • The list doesn’t mention the foreign policy accomplishments Obama referred to. Anything he can claim as an accomplishment (Iraq, bin Laden, Libya, etc..) were things that were actually accomplished by Bush and/or things he claimed Bush did illegally.