President Barack Obama doesn’t like all this flak from the Republicans who accuse him of running up the budget deficit.

OBAMA/Any why should he? His approval rating has dropped below 50 percent in at least two recent polls and you can assume the poor economy has something to do with it.

At his big speech at the Brookings Institution today, Obama said it was not his fault, that the $787 billion stimulus plan that he and his Democrats pushed through Congress is “only a very small part of our current budget imbalance” and that he inherited a $1.3 trillion deficit.

Who did he inherit from? Obama didn’t say, but his implication was clear.

“In reality, the deficit had been building dramatically over the previous eight years,” he said.

Senate Republican leader Mitch McConnell, interviewed by Fox News’ Neil Cavuto, said that under Obama, the deficit has gone way up and said “we don’t need any lectures from them about spending.”