Federal spending, taxes, and annual budget deficit all lower now than when Pres. Obama took office

[jackie7]

4. things will get better soon

bigtree, I agree with you... I also disagree with every person claiming Obama isn't handling the economy well, I believe economy was going in the wrong direction for 8 years during the term of George W. Bush, and 8 years of sinking down can't be undone in 4 years...

Well here are some numbers, keeping in mind, the terms of presidency are as follows:

Barack Obama: 2009 - ongoing
George W. Bush: 2001 - 2009

here are the Debt, Budget Deficit and Current account balance of United States numbers:

2001
Current account balance:  -$396.5 billion
Budget surplus (+) or deficit (-):  +0.5% of GDP

2008
Current account balance:  -$376.5 billion
Budget surplus (+) or deficit (-):  -5.2% of GDP

2011
Current account balance: -$599.9 billion
Budget surplus (+) or deficit (-): -8.6% of GDP

US economy was clearly spiralling down while Bush was in term, from (0.5% of GDP) budget surplus in 2001 to a negative deficit (-5.2% of GDP) in 2008, well, someone might argue that the current budget deficit is -8.6%... well, it takes time to create new jobs, and boost businesses and increase the income from exports... I bet if Obama gets re-elected, the numbers will be turn around and we will have a positive current account balance and budget surplus rather than the current huge budget deficit