Saturday, July 10, 2010

Dubya Stats

I continue to be perplexed on how the angry mob fails to post-analyze Dubya's eight year performance.  James Quinn from "The Burning Platform" summarized it like this:

•Total US credit market debt increased from 275% of GDP in 2000 to 365% of GDP in 2009.
•The National Debt increased from $5.7 trillion in 2000 to $13 trillion today. It is projected to reach $20 trillion by 2015.
•Consumer debt has increased from $1.5 trillion in 2000 to $2.4 trillion today.
•The U.S. has spent $1 trillion since 2003 on wars of choice in Iraq and Afghanistan.
•Annual defense spending has risen from $359 billion in 2000 to $896 billion in 2010.
•Unfunded liabilities for Social Security, Medicare, and Medicaid total $106 trillion
•In 2008, Wall Street lost $42.6 billion and required middle class taxpayers to bail them out. Total compensation on Wall Street in 2009 totaled $55 billion, three times the previous high.