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by slamdance 3195 days ago
THIS. People need to understand this, as it is a snowball effect. Bush Left a 5 Trillion dollar debt (a 500% increase in debt). Then he signed TARP, and handed the mess to Obama, who distributed the subsequent rounds of 'quantitative easing' (I say this to ensure that neither politician gets a pass). We now have $20 Trillion debt, a 400% increase in the 'money supply', along with 0% interest rates for YEARS, and the economy still sucks. In some sewing circles, that's called 'deflation'.
2 comments

> (I say this to ensure that neither politician gets a pass).

Reagan/Bush I put the economy on economic Cocaine (deficit spending).

Clinton upgraded the economy to Crack Cocaine ("free trade").

Bush II had to switch to economic meth amphetamine (permanent war).

Obama had little choice but to add heroin to the mix (ACA -> blank check medicine)

W doubled the debt from $5.8T to $11.6T and under Obama the debt increased by 2/3 to $20T.