alt Hacker NewsIs this serious?
It's because the country went through the great recession and was attempting to pull out and avoid financial collapse.
Look at Revenue per year as a % of GDP and look at Expenses per year as a % of GDP. It's pretty clear.
Expenses went up avoiding a depression which was done successfully, and revenue dropped due to the falling economy. The president was handed a collapsing economy and saved it.
The issue is the other party that keeps getting handed great economies since the late 90s and fails to do anything but make the problem worse.
Replies
jsisto • today at 8:15 PM
Yes bailing out the banks was great for the common man. This is sarcasm
➕ show 1 reply
rayiner • today at 8:06 PM
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To some extend I hope that the Republican party wins the next election. They should be the ones fixing the economy, raising taxes, and doing something responsible for once.
If Democrats win they are going to be blamed for being the "bad guys" for increasing taxes, controlling inflation and trying to get the economy back to shape.
For Republicans to burn down the economy during their mandates has paid of as the next government needs to focus on firefighting instead of doing the good that it could have been done.