Quote:
Originally Posted by MrSparkle001
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You don't fix a mess by adding 6 trillion to the deficit (which didn't work anyway).
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In all honesty a large portion of that was for the banks and the auto industry.
1) the banks were in deep crud and weren't loaning money which halted the economy. The US government stepped in and bailed out the banks and then gave them even more money so they could loan it out to get the economy started again (economy has grown since).
2) the Auto industry bailouts did save the American auto companies from going bankrupt so they stopped hemorrhaging jobs and actually started adding on.
I'm not going to put my own opinions on either of these events, but we did get pulled out of hemorrhaging jobs and a downward spiraling economy. If you don't think we're doing better than we were I have a few economists that would like to have a discussion with you.
*edit* just a side point about the debt/deficit. The 2 wars weren't put on the books until Obama took office.
BTW I'm not voting for Obama, or Romney :P