Lakhota
Diamond Member
Brian Beutler | August 24, 2011
Only a small part of Obama's inherited shortfall came from the 2008 bank bailouts, which though large, were quickly recouped and at this point, taken in isolation, have cost the country very little. Obama more directly owns other chunks of the debt -- attributable largely to the stimulus, the tax deal and arguably his continuation of the wars. But the figures are fairly small compared to the overall debt, the vast bulk of which was baked into the cake when he took office.
Much More: Economists: GOP Cites Deeply Flawed CBS Report To Blame Debt On Obama | TPMDC
Only a small part of Obama's inherited shortfall came from the 2008 bank bailouts, which though large, were quickly recouped and at this point, taken in isolation, have cost the country very little. Obama more directly owns other chunks of the debt -- attributable largely to the stimulus, the tax deal and arguably his continuation of the wars. But the figures are fairly small compared to the overall debt, the vast bulk of which was baked into the cake when he took office.
Much More: Economists: GOP Cites Deeply Flawed CBS Report To Blame Debt On Obama | TPMDC