Kentucky Trojan wrote:But how could it be that Obama's policies only contributed $1.44 trillion to the debt when it has risen around $5 trillion since he took office? The answer is the recession. During a recession tax revenue falls as income falls, and spending on existing social services such as unemployment compensation and food stamps increases. The result is a larger deficit. However, Obama didn't cause the recession -- it was already well underway when he took office -- and he cannot be blamed for the debt we've accumulated as a result of the downturn.C-Bolt wrote:Well he could have provided this as real proof, but you died hard cons just blow it off as liberal media lies so what more proof do you need?,something that blames obama of course would work
http://www.cbsnews.com/8301-505123_162- ... you-worry/
This is BS.
He was in office during the recession and could have done things to increase revenue and/or decrease expenses. He did not. Therefore, he is responsible for the increase in the debt.
Oh please tell us what President Obama could have done to overcome the Bush Tax cuts and two unfunded wars, while fighting a crashing stock market he inherited(which fell from 14,000 to 6500 under Bush), while fighting job losses of 800,000 jobs lost a month during the last months of the Bush regime, rising unemployment and a GDP in recession as BUsh left office????............Oh please kyt, tell us what he could have done, other than what he did do , which caused job losses to stop and have in the positive numbers for 29 straight months, stop the stock market crash at 6500 bringing back to 13000?.......I await your infinite wisdom here................ :12224
