The True Villian of the Economic Meltdown.

Courtesy of The Daily Beast:

But Obama is not the villain in this story. Every time I step back and ponder this sordid history, I am amazed that the Republican Party has any credibility and even 100 members of Congress, let alone a sizable House majority and enough juice to be driving the nation’s agenda as it is.

The Boston Globe ran a chart last Sunday that I’d buy billboard space to reproduce in every decent-size city in America, if I were running the Democratic National Committee. 

 (Here's the chart  to save your the trouble of searching for it.)

The premise of it was very simple: It showed how many trillions each president since Ronald Reagan has added to the nation’s debt. The debt was about $1 trillion when Reagan took office, and then: Reagan, $1.9 trillion; George H.W. Bush, $1.5 trillion (in just four years); Bill Clinton, $1.4 trillion; Obama, $2.4 trillion.

Oh, wait. I skipped someone. George W. Bush ran up $6.4 trillion. That’s nearly half—44.7 percent—of the $14.3 trillion total. We all know what did it—two massive tax cuts geared toward the rich (along with other similar measures, like slashing the capital gains and inheritance taxes), the off-the-books wars, the unfunded Medicare expansion, and so on. But the number is staggering and worth dwelling on. In a history covering 30 years, nearly half the debt was run up in eight. Even the allegedly socialist Obama at his most allegedly wanton doesn’t compare to Dubya; and Obama’s debt numbers, if he’s reelected, will surely not double or even come close as we gambol down Austerity Lane.

The GOP and the Teabaggers are going to use every one of their pet media outlets, from Fox News to Right Wing radio, to try and hang this debt crisis, and the lowering of our debt rating, on President Obama.

It is up to all of us, and what remains of the so called "liberal media," to continue pointing out who is REALLY responsible for this disaster.

And those responsible are the Republicans who increased the debt by 6.4 trillion dollars between 2000 and 2008, the Right Wing media that provided cover for them while they were doing it, and the Teabaggers who are now determined to fight this President every step of the way so that he cannot repair the damage, in the hopes that they can blame him for the whole mess in 2012 and put another GOP asshole in the White House to finish the job of bankrupting this nation once and for all.

(H/T to the Obama Diary.)