I have been very critical of Obama for following Bush’s bankster bailout policies. And I thought his reliance on Robert Rubin & the RR Choir (Summers, Geithner, et. al) was ill advised.

But I don’t understand those on the far right who seem to believe that deficits were created on January 20th, 2009.

Consider this chart — it shows the National Debt as a percentage of GDP. Its pretty telling:

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National Debt Graph

click for larger chart



Chart courtesy of zFacts.com

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See also

Government debt explosion hits turning point

http://finance.yahoo.com/news/Government-debt-explosion-apf-3157069187.html