Some Republicans would have you believe that President Barack Obama inherited a reasonable economy and, even when they acknowledge it was a troubled one, contend he has made it worse and doesn’t have a clue to fixing the problem.

But Obama inherited a catastrophe. Banks were collapsing, the housing market was being crushed and Chrysler and General Motors were near collapse. Obama saved GM and Chrysler, as both are thriving, and the banking system did not collapse.

The month he took office we lost nearly 800,000 jobs. The Obama policies created or saved 2 million to 3 million jobs.

What Republicans are offering are the exact policies George W. Bush used to get us into the worst recession since the Great Depression — tax cuts for billionaires and millionaires, massive deregulation and lax enforcement of financial laws.