Comments on: RNC posts 2004 video of Obama calling the deficit under Bush “an enormous problem”

By: Chris08

Chris08 — Tue, 22 May 2012 23:10:48 +0000

Very stupid critique. Running a deficit when the economy was in good shape was not smart. But when the economy sank into the Great Recession at the end of the Bush presidency, it was necessary to run a deficit to rescue the economy. If Bush had not run up the deficit, when it was imperative to have one, the pain would have been much less. But this is too complex for GOP rank and file to understand.

By: bvckvs

bvckvs — Sun, 20 May 2012 08:38:26 +0000

I wonder how the Tea Party will react to the news that their Republican masters are *still* spend-crazy, and *still* support budget deficits.
Will they stick with their ideals and support the president? Or will they fall back on their racist heritage and allow the Republicans to continue bankrupting the country?

By: USAPragmatist

USAPragmatist — Tue, 15 May 2012 21:18:14 +0000

Goes to show Obama knows what he is talking about with regards to economy, in 2004 the economy was humming along with low unemployment, low inflation and decent growth. Those are the times you are supposed to be paying down the debt running surpluses, so you have more flexibility to have deficit spending during bad times, like the 2008-09 recession and subsequent slow recovery.