Via Instapundit, the latest list of excuses for the lagging economy under Obama.
The real reason?
Show me the debt.
The stimulus was also used as a means of permanently ramping up government spending to unsustainable yet still, with divided government, untouchable levels. The national debt has grown from $10.6 trillion to $19.2 trillion in just seven years. The federal government, incurred $5 trillion in budget deficits during Obama's first term. The business press acts as if we're supposed to be relieved that those deficits have "only" totaled $900 billion during the past two fiscal years. They're heading back up. How can an economy not be negatively impacted by such profligacy?
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