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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (522351)10/21/2009 1:13:44 PM
From: i-node  Read Replies (2) of 1579785
 
>>> CBO estimated a $1.2Trillion deficit BEFORE Obama took office. Now they estimate $1.4Trillion.

That 1.2T figure included TARP expenditures and FNMA/FreddieMac bailouts of over $400B, reduced tax revenue of $166B, plus other costs of the recession.

All pretty much traceable to the real estate crisis which was caused by lending policies that predated Bush. All of it.
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