Quote:
Originally Posted by starseed
That is because Obama inherited a recession. The $700B bailout was Bush's administrations idea anyway. He has only had 1/2 a year out of 8, you cannot really judge him yet.
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Although in reality that's a good point, it isn't how politics works. The economy--and the deficit--are Obama's baby now, for better or for worse. That's just how politics is--it can be akin to a game of "hot-potato" sometimes.
You might make similar arguments about Reagan and Bush I--both had democrats in congress holding the purse strings and limiting their deficit hawkery a little--though Reagan was much more interested in lowering taxes than he was in cutting spending. By contrast, Bill Clinton had a Republican-controlled congress, so giving him full credit doesn't make a whole lot of sense either.
Bush II on the other hand has no excuse--but that's a whole different story.