I’m not terribly economically savvy, but I do enjoy what Bruce Bartlett writes. No liberal, he tarnishes the notion that the current economic troubles are Obama’s fault alone, and that no small amount of blame can be rationally laid at the previous Administrations feet. Not saying that he’s right or wrong, but it’s a pretty good read.
Republicans assert that Barack Obama assumed sole responsibility for the budget on Jan. 20, 2009. From that date, all increases in the debt or deficit are his responsibility and no one else’s, they say.
This is, of course, nonsense – and the American people know it. As I documented in a previous post, even today 43 percent of them hold George W. Bush responsible for the current budget deficit versus only 14 percent who blame Mr. Obama.
The American people are right; Mr. Bush is more responsible, as a new reportfrom the Congressional Budget Office documents.