Obama’s War on Capitalism Cost More Than Iraq War

President Obama’s War on Capitalism (aka “stimulus package”) actually cost more than Bush’s War in Iraq.  From the Washington Examiner‘s Mark Tapscott:

* Obama’s stimulus, passed in his first month in office, will cost more than the entire Iraq War — more than $100 billion (15%) more.

* Just the first two years of Obama’s stimulus cost more than the entire cost of the Iraq War under President Bush, or six years of that war.

* Iraq War spending accounted for just 3.2% of all federal spending while it lasted.

* Iraq War spending was not even one quarter of what we spent on Medicare in the same time frame.

* Iraq War spending was not even 15% of the total deficit spending in that time frame. The cumulative deficit, 2003-2010, would have been four-point-something trillion dollars with or without the Iraq War.

* The Iraq War accounts for less than 8% of the federal debt held by the public at the end of 2010 ($9.031 trillion).

* During Bush’s Iraq years, 2003-2008, the federal government spent more on education that it did on the Iraq War. (State and local governments spent about ten times more.)

Why is this relevant now, you ask?  Because more likely than not, Democrats will bring up Iraq spending as a deflection from their spending binge.  The upcoming midterm election has the potential to be a bloodbath, especially if the Dems’ strategy is to say “things would be even worse if the GOP were in charge.”  The Dems will bring up Bush, as they already have, but most Americans are tired of hearing how bad things were under Bush.  They are tired of Obama apologizing for America’s greatness, attacking private sector business,  and increasing the power of the federal government.

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