This fits nicely with Michael Barone's recent analysis that up to 155 house seats may be in play by November. Republicans take the house, the Senate, and Jimmy Carter becomes no longer the worst president in U.S. History (even including the now-not-taught-in-high-school years prior to 1877!)...T
Morris predicting the GOP picking up the House and the Senate...
Hannity: "Here's the last question, Micheal Barone pointed out that if we used Obama's numbers in 2008 and Scott Brown's numbers in the Senate election and we applied that to every district in the country, 155 Democratic seat would be up for grabs. You even figured out that the Republicans could even take back the Senate. If you had to make a prediction now, where are we in the House and Senate in November?"
Morris: "You want a prediction now? We'll win the House by 10 seats and win the Senate by 2"
Morris runs the numbers and tells us exactly what Obama inherited when he walked into the WH, (Obama claims a $1.3 Trillion dollar deficit)
In 2008, Bush ran a deficit of $485 billion. By the time the fiscal year started on October 1, 2008, it had gone up by another $100 billion due to increased recession-related spending and depressed revenues. So it was $600 billion. That was the real Bush deficit.
But when the fiscal crisis hit, Bush had to pass TARP in the final months of his presidency which cost $700 billion. The $700 billion was a short term loan. $500 billion of it has already been repaid.
So what was the real deficit Obama inherited? The $600 billion deficit Bush was running plus the $200 billion of TARP money that probably won’t be repaid (mainly AIG and Fannie Mae and Freddie Mac). That totals $800 billion. That was the real deficit Obama inherited.
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