Quote:
Originally Posted by raymor
He was handed a slowly growing economy. Look it up. Growth sucked on 2007 - 2008, but it was growth. Obama's historic deficit spending turned slow growth into a nosedive.
To put it in porn terms, he turned Fran Drescher (not that hot, but a chick) into Danny DeVito (puke).
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Where are you getting your information from? President Bush inherited a budget surplus, cut taxes, growing the deficit to $400 billion a year. Then, the economy boomed between 2005 and 2008, reducing the deficit to $200 billion a year. Then, the financial crisis hit, and the Bush deficit ballooned to $400 billion again. President Bush actually increased federal spending by more than 2X as much as Obama has. So it is unfair to lay the explosion in spending at the feet of President Obama: Both presidents are responsible. President Obama took over amid the worst recession since the Great Depression.
http://en.wikipedia.org/wiki/Nationa...ebt.2C_and_GDP