I have been very critical of Obama for following Bush’s bankster bailout policies. And I thought his reliance on Robert Rubin & the RR Choir (Summers, Geithner, et. al) was ill advised.
But I don’t understand those on the far right who seem to believe that deficits were created on January 20th, 2009.
Consider this chart — it shows the National Debt as a percentage of GDP. Its pretty telling:
National Debt Graph
click for larger chart
Chart courtesy of zFacts.com
Government debt explosion hits turning point