You don't inherit deficits
That's the way it works. Spending appropriations and authority are put into law before an incoming President is even elected. Stop lying.
Very good!
Deficits are yearly not monthly
Deficits are simply a measurement in a set time frame. Your interpretation of the terminology cannot be trusted, given you've already admitted to being partisan.
had the Obama stimulus created jobs instead of seeing jobs lost revenue would have offset much of the deficit
An outlandish opinion not supported by anything other than a bias obsession with identity politics.
TARP repayment should have reduced the deficit but it didn't
What you believe they should have or have not done is irrelevant. A deficit is first funded by a shift in excess reserves, as primary broker dealers are required by law to bid on Treasury auctions. Until this event can be offset by foreign sales, domestic conversions, monetary policy, inflation, or a combination of such factors, there are still going to be new Treasury liabilities and private sector assets. The interesting thing about debt denominated in a reserve currency is that it also serves as money for the international community. And so we see a massive amount of debt sold to foreign entities:
The Fed was also continuing to expand it's balance sheet. I don't think we need a graph to confirm this fact.
It was an extremely complicated time period, and you clearly don't understand any of it!
TARP was funded with additional debt from selling a Treasury security, and then taking those proceeds and purchasing preferred shares in these respective banks (in the initial round of TARP disbursements). The equity value in banks had taken such a beating from write-downs, poor market sentiment, etc... that Treasury could have likely purchased controlling interest of the entire U.S. banking system with $700 billion. This measure failed to thaw credit markets until additional monetary stimulus was combined with public/private loan facilities under the leadership of Treasury Secretary Tim Geithner. You can't claim victory for Geithner's plan to create loan guarantee facilities backed by the Treasury, private sector, and financed by the Fed's Term Asset-Backed Lending Facility.
Not only are you completely ignorant of the funding levels and their timelines, but you have no idea what TARP actually did unless you happen to both read and comprehend what i've stated. Credit markets did not thaw until the lending facilities and financing via the Fed took place.
Furthermore, when debt is issued, it doesn't get extinguished. The money the government raised was simply repaid to the Treasury and it offset the deficit by the amount repaid. It does not... let me repeat myself so there cannot be anymore confusion... it does not reduce the final deficit figure. Repayment simply makes the final deficit figure that much less than what it would have amounted to.
So no...
the 300 billion that Bush released prior to leaving office by December 2008
didn't do what you claimed it did.
but no you want to assign all costs and no revenue to Bush.
No... All but roughly $400 billion if you excuse the financial crisis. I don't think Obama would have needed to enact such a sweeping fiscal response had Bush provided better economic leadership.
So the entire budget for 2009 is in that HR bill?
This lame attempt to excuse the Bush administration of any and all issues is more comical than anything.
