THEN: No government bailouts
NOW: Bailouts could reach $23.7 trillion
THEN: Total federal spending was $1.61 trillion
NOW: $3.1 trillion
THEN: Defense spending was $262.2 billion
NOW: $651.1 billion
THEN: The federal debt was $5.27 trillion
NOW: $10.41 trillion
THEN: “Our economy is the healthiest it has been in three decades.”
NOW: The economy is the worst it’s been in six decades.
THEN: “We have the lowest combined rates of unemployment and inflation in 27 years.”
NOW: The highest rate of unemployment in 26 years.
THEN: “America is selling more cars than Japan for the first time since the 1970s.”
NOW: GM and Chrysler went bankrupt, Toyota overtook GM as the world’s largest car producer in 2008 for the first time ever.
THEN: “And for three years in a row, we have had a record number of new businesses started in our country.”
NOW: The highest number of bankruptcies in the past four years since the 2005 bankruptcy overhaul.