Under Bush, his tax cuts generated INCREASED revenues (much like what happened under both Reagan, and IIRC Kennedy), while Bush and congress spent x-more than what those increased Bush tax cuts brought in. And combined with the failure of reforming Freddie & Fannie, brought about the Housing collapse that led to the recession we went in
Under Obama, those tax cuts are still in effect, while Obama & congress have spent XXX-more than what those increased tax cuts brought in. And with continued failure at reforming Freddie & Fannie, topped off with policies to push "green" energy, at the expense of far more reliable & job-centric policies, have brought about the economic abyss we currently find ourselves in
But let's keep blaming Bush......oh, and Cheney too.....those heartless bastards