Liberal Forum

You left quite a few things out of your argument, like the fact that when Obama took office, we were in a deep recession verging on a depression and hemorrhaging over 750,000 jobs a month, so naturally revenues were dramatically decreased. He had no choice but to borrow.Bush OTOH inherited a very healthy economy, and proceeded to put it in the toilet.True. Obama was and is against the wind when he inherited the economy. The problem was that he didnt learn from history. In the past, such as the great depression and other deep recessions that America has encountered, we usually got out of those slumps by cutting both taxes and cutting spending simultaneously. This allowed Americans more money in their pocket, which in turn allowed Americans to spend more in the economy. But you have to do both. You cannot reduce taxes but still spend the same. That wont work. Obama has done the complete opposite of what history has already proven to work. He raised taxes and he increased spending. Now, Americans have less money to spend in the economy because of the taxes, which gives us less money to spend in the economy. Not only do we have less money to spend in the economy, but Obama is bleeding what little we do have as well. Why would he or anyone think that would work? Edited by liberal-slammer, 22 June 2011 - 11:52 PM.