Don't forget when Bush was willing to sell our ports to the United Arab Emirates.
Look, I personally think Obama is doing a poor job. However, blaming any one president for the current problems is not right. It is the entire system that has allowed itself to be over-extended to the point where it cannot support itself.
I'm not an economist, but I truly believe that our deficit is a clear indication of the health of our country's economy. In the last 9 years we've increased our deficit from an almost zero balance (relatively speaking) to a point where every American could be counted for owing almost $40,000 to other countries, primarily China. That in and of itself shows how we've made our own bed and how the majority of us just allow it to keep on rolling.
TGN - sorry man. I recommend getting into the booze business. People drink when times are good and people drink when times are bad. And I think its always time to drink.