Vikingwoman wrote:
Bottom Line: It's not fair to blame the debt situation on Obama, singularly because the debt numerically went up more than it did under Bush. Bush inherited a booming economy at the time of his inauguration, but his handling of many events left the country absolutely devastated; Hurricane Katrina, 9/11 (two unnecessary wars), and the looming recession. Obama inherited a country that couldn't go further down, in one of the worst recessions since the Great Depression. He had to live with the Bush tax cuts for 2 years, and two long, brutal wars for 2 after that.
https://www.quora.com/Who-created-more-debt-%E2%80%93-Bush-or-Obama
You do love to forget that President Bush did NOT inherit a booming economy but rather he inherited the DOT.COM RECESSION, and then he was faced with the greatest act of war on 9/11/2001 since Pearl Harbor day. Further crushing the economy. Hurricane Katrina, did not devastate the country. You also know that the fault laid with New Orleans Mayor Ray Nagin. He was warned and he totally ignored the warning. Did you know too that at that time, the governor of the state, HAD to request in writing that the President send troops. That would be Democrat Kathleen Blanco who wanted the admiration for having handled this herself. She delayed for three days making the request. You also know that New Orleans was totally unprepared. Buses were left without having evacuated citizens, the Super Dome HAD NO EMERGENCY SUPPLIES. Did you know that a huge scrap metal company offered to remove every wrecked car from the streets of New Orleans, in THREE MONTHS OR LESS...FOR FREE, saving the city and taxpayers MILLIONS. Instead Mayor Nagin insisted on using local companies and years later, cars were still on the streets.
Mayor Ray Nagin, was RE-ELECTED by the idiots of New Orleans. Of course, corruption is a resume enhancement for Democrats. Since then, Nagin was convicted for fraud, bribery and related charges involving crimes both before and after Hurricane Katrina.
As you know, the vast majority of DEMOCRATS along with most world leaders supported the war on terror and, in addition to our Congress authorizing the war, along with the United Nations supported the war. That support was due to the DOZENS of Resolutions and Sanctions against Iraq going back to before 1990. It was also Lame Duck President Obama who repeatedly said that the Afghanistan war was the one on which we should concentrate.
As you know too, the housing/mortgage/finance meltdown was due to policies of the Liberal Progressives. Did you know that Barney Frank and Chris Dodd forced Fannie Mae and Freddie Mac to buy an even higher percentage of sub-prime loans.
You also know the bank bailout was started by President Bush. That was continued by President Obama and all that money was repaid, ahead of schedule and with interest by those banks.
With the auto industry, the tax payer got the shaft and the industry got the gold. Chrysler is no longer an American auto company now being owned by Fiat in Italy.
The whole idea of the bailout was to prevent GM and Chrysler from declaring bankruptcy. As you know, that was a FAILURE and GM declared bankruptcy.
The Trillion dollars stimulus was a failure, Cash for Junkers was a major failure and resulted in HIGHER PRICES FOR USED CARS FOR LOW AND MIDDLE-INCOME WORKERS.
What has been the average GDP this year? Another failure. So while the economy is sluggish, the income of the average worker has gone DOWN ever since President Obama took office.
If anyone wishes to compare Bush's record with Obama. Please use comparisons up through 2015. We're not finished with 2016. I know that's difficult for Progressives to grasp.