Unfairly Blaming Obama for Deficit

A chart in a New York Times online article shows that Obama's policies contributed only about 12% to the current federal budget deficit. The rest, roughly 88%, is caused by a roughly-even mix of the recession itself (lower tax revenues) and Bush's policies. And this is ignoring the fact that a stimulus package was based on mainstream economic advice. (As I pointed out earlier, China has shown that sufficient stimulus plans work.)

Another break-down of the deficit can be found at Think Progress.