Too early to say about effect of bailout and budget deficit has started an problem since Bush admin, even you can't blame on Obama and he stated that he want cut by half.
I agree it has been a problem throughout the Bush administration. However, that's no excuse for Obama and the Congress to implement policies that make it far worse. This isn't some Bush vs. Obama game. Our future's on the line, so it makes the most sense to talk about what the people currently in power are doing in the present.
Obama said he wants to cut the deficit by half, but only from the 2009 level, which is $1.8 trillion and four times larger than 2008. In other words, he's going to multiply it by four and then cut it in half.
I've posted numerous times the chart showing the deficit forecasts from the White House and the Congressional Budget Office. It also shows the Bush years for contrast. Even the White House's unrealistical estimates are much worse than the Bush years. I posted it just yesterday. Here's the link.
http://www.alldeaf.com/current-events/66965-sarah-palin-quits-6.html#post1369705
Be sure to take a good look at it. Then you'll know why people like me and kokonut are complaining.
As far as the stimulus goes, Obama said that unemployment would not exceed 8% if we passed the bill, but the economy would be disastrous if we didn't do it as quickly as possible. It has not only exceeded 8%, but is now at 9.5% and rising. This isn't a surprise. Critics of the stimulus said that very little of the money would be spent in 2009, so it would take a long time to have any noticeable effect.
If we're expecting too much too soon, it's only because the president himself set those high expectations.
Blame on Obama for poor economy is out of question since poor economy has started during Bush admin.
Not entirely. He was in the Senate for two years and did vote for the bailouts. The executive branch is just one branch of the government. Congress holds the power of the purse. Whatever happens from here on out can't entirely be blamed on the President or be credited to the President.
Still, regardless of who's to blame for the economic meltdown, it's very reasonable to criticize him for policies which I believe will only make things worse.