Obama received a country in a deep depression from the GOP. As economies fall into recession government expenses rise dramatically as average American households get hurt and need financial assistance while government revenues dramatically drops as economic activity stalls denying tax revenue to governments.
This raises the expense to GDP ratio while dropping the tax to GDP ratio.
So we now enjoy an economy struggling to equalize from a severe disruption. We lost 8 - 10 million jobs and have many citizens under employed for their education and experience.
Home values having lost an average of nearly 35% for an average American homeowner.
Personal bankruptcies rose from 800,000 in 2007 to 1,600,000 in 2010.
Mortgage foreclosures at the worst were 1 in every 200 homes.
The Republican party controlled the Whitehouse from 2000-2008. They also controlled both houses of congress at the start of 6 out of 8 of those George W. Bush years.
DO YOU THINK THE REPUBLICAN PARTY DID A GOOD JOB FOR AMERICA?
The tax cuts first delivered to us by George W. Bush & the GOP Congress on a temporary basis in 2001 and again in 2003 sure did good creating certainty in the economy, created jobs and did nothing but good for America. "What a joke" as they continue to sing the same old song, I'm not buying it and neither should you!
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