Post by Maxf1ex on May 26, 2012 4:01:49 GMT -8
www.kmov.com/news/business/154254615.html
The problem with that rosy claim is that the Wall Street bailout is part of the calculation. The bailout ballooned the 2009 budget just before Obama took office, making Obama's 2010 results look smaller in comparison. And as almost $150 billion of the bailout was paid back during Obama's watch, the analysis counted them as government spending cuts.
It also assumes Obama had less of a role setting the budget for 2009 than he really did
Yep, I do seem to recall Obama was in DC working with his Congress before the election. And that more then one bill was passed counting on his being elected into office.
So yes, the bail out in question was passed due to Obama ... still ... he was not yet elected. And at the time I remember thinking how much worst it would have been if Obama was already elected into office.
The problem with that rosy claim is that the Wall Street bailout is part of the calculation. The bailout ballooned the 2009 budget just before Obama took office, making Obama's 2010 results look smaller in comparison. And as almost $150 billion of the bailout was paid back during Obama's watch, the analysis counted them as government spending cuts.
It also assumes Obama had less of a role setting the budget for 2009 than he really did
Yep, I do seem to recall Obama was in DC working with his Congress before the election. And that more then one bill was passed counting on his being elected into office.
So yes, the bail out in question was passed due to Obama ... still ... he was not yet elected. And at the time I remember thinking how much worst it would have been if Obama was already elected into office.