You must be thankful that the government saved the economy from collapsing then.
the economy was never going to collapse. you are brainwashed with liberal bullshit.
It absolutely would have had the American people not given Barack Obama one of the biggest political ass-kickings in American history. They turned their cities, counties, and states over to conservatives (especially Tea Party conservatives) in record numbers. They all turn the House over to the Republicans. They later turned the Senate over to Republicans. It sure as hell wasn't because Obama and the Dumbocrats were doing a bang up job.
Unfortunately for your argument there is a recorded recession for 2008, it was way more than a mere market correction, a market correction would not bleed a hundred thousand jobs a month for a year. None of this would have happened unless Alan Greenspan was convinced that paying down the debt would cause the Federal Reserve to lose control over monetary policy, it is why he convinced George Bush to cut taxes to the wealthy to increase the debt.
Economists were definitely worried about the effect of paying off the debt there was even a secret report they circulated like drums beating the bush http://media.npr.org/assets/img/2011/10/20/LifeAfterDebt.pdf
How is that political asskicking doing today in Kansas, Wisconsin and Oklahoma? don't get too comfortable, it was Governor Moonbeam of California that showed everyone how a successful economy is ran by raising taxes. raising wages, and creating safe working laws, California is once again the world's sixth most powerful economy.
The Republican revolution was a grand failure, they didn't create jobs, didn't correct the infrastructure, made no improvements that citizens could point to, I expect in 2018 you will eat your word and the people will rush to the polls to throw the bums out.
Except California has a nearly 400 billion dollar debt. Pesky I know
Not pesky at all. California's debt is getting retired quickly and responsibly. Meanwhile California remains a financial juggernaut providing the GDP to make paying down a reality, not like Kansas, one step from bankruptcy because of Tea Party austerity.
According to Huffington, the states with the worst debt problems are California, New York, Texas, New Jersey, and Illinois. Kansas doesn't make their top 10.
Mark