You are not wrong. We all complained about the debt.
But I submit to you that the debt he created was not the same type of debt. Solynda, GM, Iran, Carve outs for insurance companies, etc..
That money didn't go to the spending public who would filter it back into the economy & spark growth. It didn't go to it's original source.
If you're going to create debt create it with those who gave you the money to begin with. The people who will put it back into the economy nearly as soon as they get it. While at the same time making us competitive globally.
Ps. Bripat also bitched about republicans. Even started a gofund me to oust the speaker.
Most of this borrowed money is not going to people who are going to filter it back to the economy. The wealthy are not going to spend more because they got a tax cut, not having enough spending cash is not a problem.
Outside of a few high profile examples, corporations are not going it filter the money back into the economy. There is not going to be an explosion of jobs created as there is not going to be a huge increase in demand and there is just about nobody left to fill new jobs, the country is basically at full employment.
We will start to see wages rise in certain sectors where competition for employees is stronger. But that will not be a result of the tax cuts, corporations have been seeing record profits the last few years, so it was not money that was holding them back from paying people more.
Mostly we will see the market continue to rise as companies buy back their own stocks. This will be a very good thing and will help offset the damage done by thte coming correction.