AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.
How much of that 6.3 trillion you attribute to Obama is due only to inherited interest on budget? How much is from foreign wars he inherited? How much from Tax rates that are still too low? Is the deficit decreasing right now? How much from the Bush bust? Blaming 22 million is over-the-top.
“The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman
The deficit is still going to exceed 700 billion this year after four straight years of trillion dollar deficits. Bush never had a deficit higher than 500 billion.
It is over 4 years after the end of the recession and the 22 million comes directly from the BLS. Only a true liberal would continue to blame Bush for results over 4 years after he left office. That so called Bush bust is typical leftwing rhetoric.
In the way you discard the words, "Bush bust is typical left wing rhetoric", I disagree. All bar graphs show the economic collapse occurring late 2008/early 2009. I sympathize with McCain pausing his campaign. These disasters take time to overcome.
As long as you sling Obama, there will be revision arguments. As long as the two parties cannot come to any agreement, we will not improve enough. As a Dem, how do I work with a Repub party that cannot form its own opinion? They play silly games arguing over the "Hastert" rule.
"It's always reassuring to find you've made the right enemies." -- William J. Donovan