TARP is signed by the Bush administration at the end of 2008. The money kicks in with Obama’s entry in 2009 and has ARRA added to it as he begins the herculean effort of digging us out of the Bush recession.
By 2016 the deficit is back down to 2008 levels. And that’s despite Ted Cruz’s shenanigans.
A new President's budget doesn't take effect until around September the year he takes office. Just like Trump isn't responsible for the current deficit right now, it's disingenuous to attribute most of 2008 to Obama.
By 2016 the deficit is back down to 2008 levels. And that’s despite Ted Cruz’s shenanigans.