Quote:
Originally Posted by August
Look, generalizing your argument to include any and all affects upon the country does not at all support your statement that Obama inherited the national debt from Bush.
|
As far as the position of presidents are concerned, it does. This isn't hard to understand. When Bush left office, the debt was at $10.627 trillion, raised half of what it had originally been. When Obama came in, the debt level was at $10.627 trillion and had been raised half of what it had originally been. Again, this isn't hard to understand. It really isn't.
Quote:
|
Originally Posted by August
As Platapus points out the President asks Congress for appropriations. Congress can refuse and has done so many times in the past.
|
Just like the 109th Congress could have rejected the idea of mortgage tax deductions. But, they didn't. Read the proposal that was approved by the House, Senate, and president:
http://www.gao.gov/new.items/d051009sp.pdf
Furthermore, the Executive Branch does have the power to provide government watch over the markets... which it did not do when the first bank crashed in 2007.
http://en.wikipedia.org/wiki/Financi...7%E2%80%932010
The reason why we are where we are at now and who's watch it happened on are two different things. Do not think I'm trying to mesh them together here. There are multiple parties at fault for the reason why it failed; who's watch it began and happened on, however... well, you already know.