It’s an economic success story that can’t be emphasized enough, yet too many people seem to forget where we were just a little more than six years ago. The world economy was in danger of almost entirely imploding. When the president was inaugurated, our economy alone was losing 800,000 jobs per month. No one was spending. No one could find a job. Everyone was in debt. Housing values crashed. Every metric for a dying economy was in a nose dive. So, out of the gate, the Obama administration proposed a massive recovery plan that including a major infusion of government spending to inject cash into the economy, while also including what would amount to be — dollar for dollar — the largest middle class tax cut in American history.
(Oh, and by the way, despite the stimulus spending, the deficit has dropped from $1.4 trillion to $500 billion since 2009. Fact. Furthermore, I can name two post-WWII presidents who’ve cut the deficit through the duration of their presidencies: Clinton and Obama. What about the various Republican presidents? Bush 43? He turned a $200 billion surplus into a $400 billion deficit by the end of his first term, and a $1.2 trillion deficit by the end of his second term. Bush 41? No. Reagan? No. Ford? No. Nixon? No. The last Republican president who cut the deficit was Eisenhower.)
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