A graphic demonstration of how much of this mess was created during the Bush administration and how much Obama gets credit for, from the Washington Post:
- the $787 billion stimulus package was all Obama’s idea. Not only was it his idea, but it passed with ZERO Republican votes in the house and only three in the Senate.
- another $410 billion was added to the 2009 budget just last month, with only 16 Republican votes (out of 245 yeas) in the House and eight (of 62) in the Senate.
- Bush only used the first half of TARP funding last year, leaving the second $350 billion for Obama – in case it was needed. (How many minutes did it take Obama to ask for and get it?)
Together those three chunks of spending add up to over $1.5 trillion, out of the expected $1.8 trillion deficit. And those future projections? Do you really believe those, with health care, cap and trade, and everything else they are throwing at us?
Whose budget is it again?
It belongs to Obama and his Democratic cohorts, those paragons of virtue who have made a conscious decision to keep $100,000 of Bernie Madoff’s campaign donations.
And the media don’t even report it.