Obama = Democrat = Support crazed overspending
Bush = Republican = Overspending and cuts BAD
I think the biggest problem during the Bush years was the economic bubbles, I'd call them time bombs myself. No enforceable regulations. It was letting the foxes guard the hen house, you can't let the regulators or banks regulate themselves. Spending did not hurt as bad even if wasteful or unneeded. It was the structured fraud which was the backed by a government guarantee that was the big time bomb and it was only the first pop. As Pyridium said earlier the people at the top do know we could be in for a much deeper crash if it's not handled just right. Unfortunately government guarantee means the revenues will come from all the taxpayers. It doesn't matter if your liberal conservative or other, the problem falls on all of our shoulders.