I am sure Obama believes that today. But this economic situation was inherited, not created by Obama.<quoted text>
The Quote of the Decade:
“The fact that we are here today to debate raising America 's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign
countries to finance our Government's reckless fiscal policies. Increasing America 's debt weakens us domestically and internationally. Leadership means that, "the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”
~ Senator Barack H. Obama, March 2006
Republicans won the right to drive the bus in 2000, they took office in 2001with a balanced budget & left with the worse recession in 80 years, a housing collapse, a near financial meltdown & two quagmire wars. These things drives those deficits.
The reckless actions under Bush is the leadership failure.