Here we are, one year into the Obama Presidency. His inaugural term is 25% complete.How is he doing?
One year ago, the then President-elect told us that we could expect trillion-dollar deficits for the foreseeable future. I predicted that Obama would borrow $2.1 trillion in his first year, and would leave us $17 trillion in debt by the end of his first term. He borrowed his first trillion dollars in 6 months.
At the end of his first year, Americans are $12.32 trillion in debt, or $1.7 trillion more than one year ago. To put this in perspective, it took this nation 210 years to borrow $1.7 trillion. From George Washington to Ronald Reagan- Obama borrowed that in just one year.
Unemployment has climbed from 8% to over 10%. There are more troops overseas now than when he became President.
I give him an F.