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Fortunately, "they" (America) have heard about how the "economic disaster" was the culmination of Republican supply-side, trickle-down, borrow-and-spend, ginned-up Iraq invasion economics.
I don't think you quite grasp the scale of Obama's budget spending. His deficit in the first two years will exceed *all* of Bush Jr's deficits - all 8 years - by a substantial margin. Bush Jr. was by every measure prudent in spending compared to this.
Finally keep in mind that Obama still hasn't addressed fixing the financial/banking system yet. That's going to be very expensive - hundreds of billions of dollars - though it won't be on the same scale as what's been proposed thus far.
I seriously wonder if the Chinese and Arabs are going to be willing to buy this much debt. I'm not even sure they *can*.
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"If they can't picture me with a knife, forcing them to strip in an alley, I don't want any part of it. It's humiliating." - windsock