American Elephants

The “Inherited” Deficits that Obama Keeps Talking About. by The Elephant's Child
April 3, 2009, 11:58 pm
Filed under: Capitalism, Economy, Liberalism, Politics | Tags: , ,

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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