The$700 billion bank bailout in Oct ‘08 had no impact on the deficit??
Here’s you answer to your bail out comment.
“... Congress only authorized $350 billion to be lent out in 2008. The other $350 billion was saved for the new President when he took office in 2009. Obama never used the TARP funds. Instead, he launched the $787 billion Economic Stimulus package.”
Information at this link
http://useconomy.about.com/od/criticalssues/a/govt_bailout.htm