The “Inherited” Deficits that Obama Keeps Talking About.
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April 3, 2009, 11:58 pm
Filed under: Capitalism, Economy, Liberalism, Politics | Tags: Democrat Demagogues, Obama, President Bush
Filed under: Capitalism, Economy, Liberalism, Politics | Tags: Democrat Demagogues, Obama, President Bush
Here are the deficits that Obama keeps claiming that he inherited. Do recall that the $787 billion stimulus package was all Obama’s idea. It passed without a single Republican vote in the House and just three votes in the Senate. President Bush left the second half of the TARP funds, $350 billion, for president-elect Obama, who asked for it. Just shows what you can accomplish in only 64 days if you put your mind to it.
Sometimes it helps to have a visual reference. You might want to keep this one in mind. The graph is from the Heritage Institution.
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[...] Furthermore, to refresh everyone’s memory, and correct the record, Republicans deficits reached their peak in 2004, and had DECREASED substantially, thanks to the Bush…. [...]
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