[QUOTE=BigBadBrian;1643451]While Bush certainly isn't innocent in the deficit matter, I believe the graphic below illustrates the point nicely:
[QUOTE]
way misleading graph.
first of all, adding up and comparing nominal dollars from different centuries is meaningless.
secondly, and more importantly, obama inherited a $1 trillion+ deficit. the defiit for the fiscal year in which obama took office was officially certified as $1.2 trillion prior to his inauguration. the chart is incorrect to imply that the entirety of that deficit is obama's.
and finally, without context it's also next to meaningless. if circumstances led george bush to go from inherited record surpluses to record deficits, why would we expect obama to take record inherited deficits and quickly fix them?
[QUOTE]
way misleading graph.
first of all, adding up and comparing nominal dollars from different centuries is meaningless.
secondly, and more importantly, obama inherited a $1 trillion+ deficit. the defiit for the fiscal year in which obama took office was officially certified as $1.2 trillion prior to his inauguration. the chart is incorrect to imply that the entirety of that deficit is obama's.
and finally, without context it's also next to meaningless. if circumstances led george bush to go from inherited record surpluses to record deficits, why would we expect obama to take record inherited deficits and quickly fix them?
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