President Barack Obama is either living in a fantasy world or is the biggest liar to have ever resided in the White House.
In a speech this morning at the Brookings Institute, Obama said that he is "restoring fiscal responsibility" and that the deficits were caused during the past eight years.
Excuse me, but Obama has spent more in his one year in office than President Bush did during his entire eight years. Also, the deficits were built up over years from both Democrat and Republican administrations and Obama voted for most of the spending during Bush's years when he was in the senate.
While trying to blame Bush and the GOP for the economy, he omits the fact that it was the policy of the Democrats, starting with Jimmy Carter, to extend sub-prime loans to people who had no business taking out loans. This was led by Barney Frank and Christopher Dodd through Fannie Mae and Freddy Mac.
He also claims the "expansion" of the economy is the largest in three decades. What expansion? Incredible!
Again, Obama is habitually blaming his problems on the prior administration. This is both childish and unbecoming for a president to act.
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