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.


1 Comment so far
Leave a comment

[…] 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…. […]


Pingback by Does the Tea Party Have Legs? « The Final Minority Report

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: