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[QUOTE="cuseinchina, post: 792839, member: 3079"]
Thanks for taking that mess on, don't think I would have had the energy.

A couple of other things - the increase in debt came from the stimulus and more so the bailouts, there impact was magnified because tax revenues olummetted at tge same time given the depth of the recession.  these were one off necessities to save us from economic collapse - I work very close to this stuff and make no mistake we were on the brink - whoever was in office these actions would have happened.  Because it was Obama the republicans use it as political buckshot, but bush or Romney or Paul Ryan would have done the same kind of things of this I have zero doubt having spoken with republican legislators during the crisis.  
Second - excluding the bailouts/stimulus of his first year, Obama has grown the spending at a slower rate than anyone since Kennedy.      The debt is and has been for several years growing at slower than gdp growth rate - in other words debt to gdp is coming down based on Obamas trajectory.

Third - bernanke controls monetary policy not the president, bush appointed Bernanke.    Without him we likely would have slopped back into recession by now given how bad the political situation is.

People want to believe this garbage because it provides any easy answer, someone to blame, and ignores the structural issues that we really face.   This is the far right making hay while the sun shines...it's cyclical and ten years from now democrats will do the same thing.  But it's nonsense made up to distract while the politicians take turns running the country into the ground with neglect .
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