Government intervention into the free market via Clinton's " Fair lending task force " and his 1995 Home-ownership policy led to the largest credit bubble in History. It bankrupted our GSEs and corrupted Capital Markets all over the world with toxic MBS.
Debt under George Bush spiked because Fannie and Freddie pushed Trillions of dollars of worthless " AAA " securities out into the Markets as part of their Government " affordable lending " initiative and the government forced banks to lower their lending standards under the threat of DOJ prosecution. Even Bush's debt is a fraction of what Obama has left this Country with.
You have no idea what your'e talking about if you think Bush " nearly bankrupted the Nation ". From his FY 2002 Budget...
The Administrations FY02 budget declares that the size of Fannie Mae and Freddie Mac is a potential problem, because financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity.
So Bush wasn't an idiot, his replacement is the idiot and anyone who seriously considers Bernie Sanders as a candidate isn't much smarter than Obama.