A lot of people blame President Bush and his Republican policies for damaging the economy. The Obama administration and it's media minions still refer to the economy as the "inherited economy." However, looking at the data presented in these graphs, its kinda hard to continue making that argument.
Click the image to enlarge it.
Congress is the government branch who actually controls the purse strings of the United States. The president can't spend a dime without Congressional approval. The Democrats took control of the House in 2006, and control of the Senate in 2008. So the Democrats have practically owned the economy since 2006.
Over his eight years in office, President Bush spent $994 billion dollars. In contrast, President Obama has spent nearly $12 trillion in his first six months. Now you tell me, who's economy is this? Sure, the Democrats make the argument that eight years of bad Bush policies are to blame, and they were just left holding the bag. However, if fiscal irresponsibility by the Republicans is to blame, then why take the spending to the next level? $994 billion over eight years averages out to $124 billion a year...nothing to be very proud of at all. However, at President Obama's rate of spending over just six months, he's well on his way to $24 trillion a year.
12 trillion = 12,000 billions. Here's a cool graphic depicting what this actually looks like. OMG!
Now you tell me who is responsible for the economy? Still think its President Bush and the Republican-controlled Congress?
Graphic borrowed from here.
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