Most of that was debt from prior administrations. Obama's policies and initiative added about a quarter of that.
OH GOODY - THAT OL' LIE...AGAIN!
"Obama 'inherited' all that debt and those economic / financial problems!"
Yes, Barak Obama DID 'inherit' a lot of that debt and those economic / financial problems ... FROM HIS FELLOW DEMOCRATS!
As we have gone through before - and as the snowflakes keep denying over and over:
Barry attacked Bush over the debt, calling him 'Un-Patriotic' for adding
$4 Trillion in new debt in only 8 years. But let's break that down:
- During Bush's 1st 6 years as President- which included 9/11/01, the economic aftermath (closing of Wall Street, etc) after 9/11/01, and 2 on-going wars AND WITH A GOP-CONTROLLED CONGRESS - ONLY $2.5 Trillion in new debt was added IN 6 YEARS.
- Democrats took over a nearly-Super Majority Control of congress at the beginning of bush's last 2 years in office ... which means DURING BUSH'S LAST 2 YEARS IN OFFICE DEMOCRATS CONTROLLED THE ECONOMY & THE 'PURSE STRINGS' - SPENDING! Democrats held that Near Super Majority Control of Congress - control of the Economy and Spending until the end of Obama's 2nd year in office .... which means IF BARRY INHERITED ANYTHING, IT WAS FROM HIS FELLOW DEMOCRATS!
'Interestingly' enough,
in Bush's last 2 years during which time DEMOCRATS controlled the Budget / the Economy / Spending, DEMOCRATS added $1.5 TRILLION in only 2 years, only $1 Trillion less than the Bush GOP-controlled Congress had in 6 years!
So, again, what snowflakes claim Obama 'inherited', he 'inherited' from his fellow DEMOCRATS who had a near super majority control of Congress the previous 2 years.
Almost immediately Barry acted to 'create Jobs' & 'help the economy'. His big idea was the FAILED nearly $1 TRILLION 'Stimulus Bill...that contained over 7,000 pieces of DNC-ONLY self/party-serving PORK, all at tax payer expense.
In the end as the US IG reported, the Stimulus failed to keep unemployment under 9% as promised, and the cost to tax payers for each job created was approx. $742,000! (Of course, Obama claimed to have created / saved more jobs than he actually did, according to the CBO.)
Obama took advantage of the Democrats having a near super majority of Congress for the next 2 years, and at the end of his 1st term - after 4 years - HE and his fellow Democrats had racked up almost $7 Trillion in new debt.
Of course, ever since then, like you, snowflakes have been trying to re-write history.
