1/3 of the stimulus bill was tax cuts, and the TARP money has mostly been repaid.
Take a look at the graph of govt spending as a % of GDP -- it shrank a ton under Clinton, skyrocketed under Bush, and if you assume that we won't pass another TARP or Stimulus bill next year, it's set to go down again after one year in office for Obama.
But who needs numbers? We've got a democrat in office - government must be growing! And it must have shrunk under Bush!
Not to mention the fact the Bush Administration laid the groundwork for Obama to initiate the government bailout of GM. Bush knew it needed to be done but also recognized 1) He wasnt' going to have the time 2) it wouldn't be popular with Republicans.
1/3 of the stimulus bill was tax cuts, and the TARP money has mostly been repaid.
Take a look at the graph of govt spending as a % of GDP -- it shrank a ton under Clinton, skyrocketed under Bush, and if you assume that we won't pass another TARP or Stimulus bill next year, it's set to go down again after one year in office for Obama.
But who needs numbers? We've got a democrat in office - government must be growing! And it must have shrunk under Bush!