Have to disagree with your statement. When Bill Clinton was voted in, he faced a deficit that the previous president a Republican had left behind. He left office with the gov't having a surplus.
When Bush Jr took over, he turned that surplus into a deficit.
Obama inherited a mess, a deficit & an economic crisis. I think he did a decent job. I remember when people around the world were in a panic:( Even in Spore people were worried that the banks would collapse