It took Clinton 1 year to convince people his party was serious about deficits

and it took Obama 18 months to destroy the Democrat's reputation for fiscal responsibility.

US deficit heads toward record $1.47 trillion
Even with the slight improvement over earlier forecasts, the White House is predicting a record high deficit that some Republicans are already calling 'a stark reminder of the legacy of Obamanomics.'

http://www.csmonitor.com/Money/2010/0723/US-deficit-heads-toward-record-1.47-trillion