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I'm actually kind of interested. I've been doing some research on percentage of debt increase under presidents terms in my lifetime (Jimmy Carter up to Obama). The Republican Policy committee posted this graphic:
ReplyDeletehttp://rpc.senate.gov/public//index.cfm?a=Files.Serve&File_id=53310eda-f41c-4f31-9136-46fccdb4b797
So, I did some poking around on the treasury website to see past debt under specific presidential terms.
While the actual amount of money of debt that has been incurred under Obama's presidency appears to be a rather high number on the surface, the actual percentage of increase is low compared to previous Republican presidents.
If you have not already read them I refer you to two earlier Liar! Liar! posts, 'A Trillion Here, A Trillion There' and 'Class Warfare.' The first shows where the increase in the national debt in the past decade or so came from. The second, though it deals with income growth rates by income, points out that researchers usually lag the effects of an administration's policies by shifting the time frame by 6-12 months. A similar shift might be appropriate for apportioning responsibility for the debt, unemployment, etc as well. It doesn't make a lot of sense to hold a president responsible for things that happen before his policies are in place.
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Thanks for your comment.
I just looked at the link you provided. The Republicans conveniently started the clock on inauguration day before President Obama had time to do anything. Most of the damage recounted there occurred during the first 6 months and so should arguably be put on Bush's tab. For example, see my Liar! Liar! post 'Employment Pander by Selection Bias."
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