The economic downturn did not begin until after May 17, 2007, when the Democrat-controlled Congress approved the 2008 U.S. budget. Check the stock market charts if you don't believe me.
Obama has frequently mentioned how he inherited this budget mess. Well, he was apparently dumb enough to vote for it. So did Biden and every other Democrat senator except for one (who abstained). Forty Republicans voted against the budget Obama inherited. And Bush by law could not veto it.
So if Obama is to be believed, he is basically admitting that for the 2008 budget, he and the Democrats were wrong to vote the way they did, and Bush and the Republicans were right for holding the line on spending.
So the next time you hear someone complaining about how Obama's spending his time cleaning up Bush's mess, ask them why Obama and his fellow Democrats aren't cleaning up their own budget mess first.
(P.S. If you're wondering what happened with the 2009 budget, Obama owns it. He signed it in March after it was approved by the ... that's right, say it with me now, Democrat-controlled Congress.)
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