Economic Comparison: Obama vs Bush.

[beb0p]

Originally Posted by BucFan

Do you have a chart showing the growth of our national debt? I understand we're near $20 trillion.....guess I can google for it.

Debt in and of itself is neither bad nor good. Plenty of economists have recommended we should take on more debt when rates are low to fuel the economy. The important factor is whether taking on the debt leads to a better economy, and it is a resounding yes.

Originally Posted by BucFan

I once had a professor tell me that stats (or graphs for that matter), don't tell you everything.......or did she say "lies, damned lies, and statistics" and she reminded me that correlation isn't causal. For instance, world economy may have had a greater influence on anything in our economy than anything our politicians did.

The world economy is in the dumpster. USA and China were the ones carrying the load. Now even China is slowing down, and we are the only country left with any hope of economic growth.

Rest assured, the world economy is not the reason we are booming.
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[PanapolicRiddle]

Good discussion. Let me try to be clear and fair: Economics is complex, and even the most knowledgeable economists disagree on many things. I don't think Obama deserves all the credit for the much improved economy, but he certainly deserves some. To refuse to acknowledge this is simply ideology-caused blindness.