The economic times we live in can be traced all the way back to the Reagan-GHW Bush years.<quoted text>
If he wanted to help you then the poor wouldn't have grown so much larger during his presidency. There's a reason we are saying you have been scammed!
When Carter left office, the national debt was at .9 trillion.
After twelve years of Reagan and GHW Bush, it stood at 4.1 trillion.
Under Clinton, the debt increased by only 1.6 trillion over an eight year period. And Clinton left office with a balanced annual budget. I'll give Republicans some credit for that.
Then came GW Bush...
After eight years, the debt increased from 5.7 to 11.4 trillion. ADD to this the immense bail-outs caused by CDWs (credit default swaps) and the collapsed real estate market.
All that borrowing and bail-out came during the GOP watch.
The FBI warned Congress in 2004 that bad bank loans would result in a financial crisis. The GOP, which was the MAJORITY PARTY, did nothing.
So here we stand.