August West
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- Sep 5, 2014
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Did I say Bush created the recession? We`re talking about deficits so let`s talk about why they ballooned under Obama. Look at the third chart. The school busses should be returning at this hour so help is available for your understanding it.The recession was a global phenomenon and it actually began in Europe and came to the US a couple of years later.Obama inherited the second worst economic disaster this country had ever seen and he had to deal with 2 wars started by Gomer Bush and put on the credit card. Any passing 9th grader knows what happens when spending increases and revenues decrease.
Early 2000s recession - Wikipedia
The idea that it was a creation of George Bush is a popular leftist myth that is never supported by facts but often repeated, as if it were true, as all fairy tales are.
And in any event the amount of money Obama was given by Congress to battle the recession through Bush TARP policies was a relative blip (hundreds of billions, all eventually repaid by banks) compared to the total amount of unprecedented debt that King Barry actually ran up (which amounted to trillions of dollars!).
Obama left office after running up nearly twice as much debt as George Bush, no prize as a president either. Attributing all those trillions of dollars to the recession he inherited is just pure ignorance and fanciful wishing.
I don't mind that you are invested in such dumb partisan nonsense. Just don't expect me, or any thinking knowledgeable person, to believe any of it.
https://www.washingtonpost.com/news...h-and-obamas-deficits/?utm_term=.e3b9cb7878a8