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"But he never mentions the explosion of debt that occurred under Obama's predecessor, Republican George W. Bush, nor the 2008 global financial crisis that provoked a shock to the U.S. economy" Fact: Obama has added more debt in less than 4 years than Bush did in 8 years and the 2008 financial crisis was caused by the mortgage meltdown where democrats forced financial institutions to pass out mortgages like candy. Bush -- 2001 $127.3 Billion Budget Surplus Bush -- 2002 $157.8 Billion Budget Deficit Bush -- 2003 $374 Billion Budget Deficit Bush -- 2004 $413 Billion Budget Deficit Bush -- 2005 $319 Billion Budget Deficit Bush -- 2006 $248 Billion Budget Deficit Bush -- 2007 $162 Billion Budget Deficit Bush -- 2008 $455 Billion Budget Deficit Obama - 2009 $1.416 Trillion Budget Deficit Obama - 2010 $1.294 Trillion Budget Deficit Obama - 2011 $1.299 Trillion Budget Deficit Obama - 2012 $1.330 Trillion Budget Deficit
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