"the last budget signed by George W. Bush and passed by the Democratic Congress (for fiscal year 2008) amounted to $2.77 trillion with a deficit of $459 billion. "
This is a typical Medved lie. The last budget signed by Bush was for the fiscal year ending Sep 30, 2009 which saw the single largest deficit in history, over $1.4 trillion.
This hideous monstrosity was due to the TARP which Bush, Obama and McCain all supported.
Medved is a Republican hack and as such still argues that Bush was a "near great" president. Bush was an abomination who's spineless term in office made the US ripe for a takeover by Obama. Obama is the logical progression of Bush. Bush increased spending from 18% of GDP to 21% of GDP. Obama expanded it to 24% of GDP