[quote=jeeman]Yes, i agree with SDRealtor. It was a “sugar-high”, and the positive GDP is mostly just growth in the government.
That is not growth, since government can only grow by taxing a growing private sector or by borrowing from foreigners (i.e. the Chinese). We have to pay all of this back one day. Obama has increased our debt in 2 years more than Bush did in all 8 of his years![/quote]
True about Obama’s debt, but most of that is due to various bailouts and programs that were meant to keep asset prices artificially inflated (not really what most would call a “liberal” cause).
Mind you, I think we needed to spend some public money, mostly to keep people fed and clothed — unemployment insurance was reasonable, IMHO — but the financial/housing/mortgage sector has sucked up trillions of dollars.
