AlfredRegius Wrote:
Sep 23, 2012 5:41 PM
Mr. Obama inherited an imploding economy. Without any help from the Republican side of the aisle, he has done as much as anyone could to halt the disintegration and to begin the process of cleaning up. Please note: The exploding deficits are a result of the economic implosion coupled with legally mandated spending (for Social Security, Medicare, Medicaid, payments on the debt, and a host of other expenditures). Had McCain (or anyone else) been elected, the deficit would have exploded just as much. But I don't think we would have seen the economic growth that we have actually experienced since the Great Recession actually ended in late 2009. The European experiments with austerity have not worked. Nor would ours have!