6 ms·

Yep, Reagan, H and W Bush took us from being the largest creditor nation to the largest debtor nation.

by CalChris 5y ago

chrisco255 5y ago
And Obama added $10T to that debt, borrowing more than nearly every president before him combined. Cherry picking is a terrible tactic.
- CalChris 5y ago
  Obama inherited W's Great Recession with its 10% unemployment and its cratered tax revenues. This is similar to FDR inheriting Hoover's Great Depression. Obama spent his 8 years digging out of that hole. His one initiative was the ACA which is still intact even after the Republicans had all three branches of government and is quite popular. Moreover, just as Afghanistan and Iraq were disastrous wars of choice, W's tax cuts, Medicare Part D and his zero down payment home loan programs were the direct cause of that recession.
  - chrisco255 5y ago
    Obama wasted money on programs like cash for clunkers, failed climate scandals like Solyndra, and engaged in similar "nation-building" as W by sacking the dictator of Libya, which partly led to the rise of ISIS in his second term. It was a complete mess for the middle east and Europe and cost countless lives. Obama and W. were cut from the same cloth and listened to the same bureaucratic Pentagon consensus. There was virtually no difference between the two. That's why they are such good friends, by the way. Afghanistan and Iraq were disasters and Obama had 8 years to end them but never did.
    - CalChris 5y ago
      Cash For Clunkers was a brilliant idea given the economy, the one in free fall that W left Obama. BTW, it was overwhelming opposed by Republicans. That's because McConnell wanted Obama to be a one term president. Everyone wanted Gadaffi gone, even Putin. Hence the UN resolutions. It was funny that Gingrich was calling for intervention ... until the next day. Complaining that W and Obama are on good terms? Wow.

6 ms·

Yep, Reagan, H and W Bush took us from being the largest creditor nation to the largest debtor nation.

by CalChris 5y ago

Yep, Reagan, H and W Bush took us from being the largest creditor nation to the largest debtor nation.

chrisco255 5y ago
And Obama added $10T to that debt, borrowing more than nearly every president before him combined. Cherry picking is a terrible tactic.
- CalChris 5y ago
  Obama inherited W's Great Recession with its 10% unemployment and its cratered tax revenues. This is similar to FDR inheriting Hoover's Great Depression. Obama spent his 8 years digging out of that hole. His one initiative was the ACA which is still intact even after the Republicans had all three branches of government and is quite popular. Moreover, just as Afghanistan and Iraq were disastrous wars of choice, W's tax cuts, Medicare Part D and his zero down payment home loan programs were the direct cause of that recession.
  - chrisco255 5y ago
    Obama wasted money on programs like cash for clunkers, failed climate scandals like Solyndra, and engaged in similar "nation-building" as W by sacking the dictator of Libya, which partly led to the rise of ISIS in his second term. It was a complete mess for the middle east and Europe and cost countless lives. Obama and W. were cut from the same cloth and listened to the same bureaucratic Pentagon consensus. There was virtually no difference between the two. That's why they are such good friends, by the way. Afghanistan and Iraq were disasters and Obama had 8 years to end them but never did.
    - CalChris 5y ago
      Cash For Clunkers was a brilliant idea given the economy, the one in free fall that W left Obama. BTW, it was overwhelming opposed by Republicans. That's because McConnell wanted Obama to be a one term president. Everyone wanted Gadaffi gone, even Putin. Hence the UN resolutions. It was funny that Gingrich was calling for intervention ... until the next day. Complaining that W and Obama are on good terms? Wow.