So here we have a story on the brighter side of a near complete collapse of our credit system, which opens with this ‘graph”

Dec. 15 (Bloomberg) — Bill Clinton was forced to abandon spending initiatives to boost the economy at the start of his presidency when advisers warned him that the borrowing needed to fund the programs would push interest rates higher. President- elect Barack Obama may not have the same problem.

No, he was forced to back off those initiatives because Alan Greenspan threatened crushing interest rate increases if Clinton actually tried fiscal stimulus, because he opposed such policy on philosophical grounds.

To suggest anything else means that you are a liar or too stupid to cut your own meat.