Obama: It's all Bush's fault ... Sorry, Mr. President, that dog won't hunt.

President Obama desperately tried to blame his proposed budget deficits on the Bush administration in his press conference last night. This exchange occurred

QUESTION Chip Reid: Thank you, Mr. President.At both of your town hall
meetings in California last week, you said, quote, ”I didn’t run for president
to pass on our problems to the next generation.” But under your budget, the debt
will increase $7 trillion over the next 10 years. The Congressional Budget
Office says $9.3 trillion. And today on Capitol Hill, some Republicans called
your budget, with all the spending on health care, education and environment,
the most irresponsible budget in American history. Isn’t that kind of debt
exactly what you were talking about when you said passing on our problems to the
next generation?

PRESIDENT OBAMA: First of all, I suspect that some of those
Republican critics have a short memory, because as I recall, I’m inheriting a
$1.3 trillion deficit, annual deficit, from them.

No, Mr. President, that won't work. You may have inherited a substantial debt resulting from years of deficit spending. However, you have presented your own budget that creates deficits far in excess of those of the Bush administration during its years in office. You did not "inherit" that, but created it for you own ideological purposes.

Instapundit presents the Bush and Obama deficits in a clear picture. Mr. President, that dog won't hunt.

Bush Deficit vs. Obama Deficit

The Heritage Foundation presents the Bush Deficit vs. Obama Deficit in a very visual form. There is no possible way that this disaster can be justified on the basis of the present financial crisis. Perhaps a substantial budget deficit in fiscal year 2009 can be supported in order to jump start the economy.

That cannot be argued for years beyond that. This is not about the financial issues, but an attempt to expand the government to an extent undreamed of before now. The financial crisis merely provides cover for what Obama and the Democrats wanted to do anyway.

The deficit in each year exceeds the worst year during the Bush administration. This country simply cannot sustain that level of budget deficits for so many years. China has already signaled that they will not continue to finance American profligacy.

This approach will likely generate inflation beyond even the years of the Carter administration.