Quote:
Originally Posted by galleryseek
The national debt grew by $7.9 trillion dollars under Obama; more so than Bush's $5.8 trillion. He had plenty of time to correct it, but because he's a socialist, they don't get economics and dig deeper holes.
Of course, that's not to say that republicans are much better on economics; only slightly better.
So yeah, adding nearly $8 trillion in debt, precludes one from being praised by anyone who has a sense about economics.
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The national debt is not the economy. The National debt is spending and a very big chuck of that 8 billion was banking bail outs signed to law before Obama was even in office. Signed in 2008 by Bush, but you guys blame Obama..
https://en.wikipedia.org/wiki/Emerge...on_Act_of_2008
If not for the bail outs which ended up being over 7 trillion dollars, the national debt wouldn't have grown at that level. You simply can not have 7 trillion dollars in bail outs and not add to the national debt.