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Joined 2 years ago
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Cake day: March 10th, 2024

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  • I’ll preface this by saying he should have taxed the fucking rich to close the gap, but that said, he was pretty much gonna have to spend a shitload of money. That’s the consequence of inheriting the 2008 crash. Economic stimulation by government spending is like the typical solution to an economic disaster. Had he not inherited 8 years of Bush, he almost certainly would have spent less. To be fair to Bush, if I remember right and I might not, I think some of the causes of the 2008 crash came from earlier, but I’m fuzzy on the details now. Bush also watched the problem metastasize for 8 years without doing a damn thing in the best case, though, so not much credit due to him.

    So yeah, Obama racked up a ton of debt, but he did a lot of it cleaning up the mess of predecessors. He should have taxed the piss out of the rich, especially since they’re the ones who both manufactured and profited off the disaster, but fuck, NOBODY in the US government seems willing to even entertain the idea.