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This is too easy. This is a recycled meme from several months ago. The Washington Post factcheck blog looked at it and gave it 3 pinocchios (max is 4). Cato's Dan Mitchell really put a microscope on it and came up with several alternate sets of numbers based on varying assumptions. Mirror, Mirror, on the Wall, Which President Is the Biggest Spender of All? | Cato @ Liberty
In his final table, gives spending growth by prez, minus defense and bailouts, based on the thought that a prez does not get to pick his geopolitical environment, and bailouts are usually a consequence of inherited catastrophes.
In that table the results were:
Quote:
Originally Posted by Daniel Mitchell
spending growth (minus defense and bailouts) by president:
As you can see, this produces a remarkable result. All of a sudden, Obama drops from second to second-to-last.
This is because there was a lot of TARP spending in Bush’s last fiscal year (FY2009), which created an artificially high benchmark. And then repayments by banks during Obama’s fiscal years counted as negative spending.
In short, the original MarketWatch piece was a deliberate fraud/hoax, and not surprisingly many people were taken in by it. Hopefully it's not to late for some of the early posters in this thread to go back and edit their embarrassing remarks.
You libs are priceless (which is probably why you are libs).
We DO NOT SPEND PERCENTAGE INCREASES, WE SPEND DOLLARS. OBAMA HAS THE HIGHEST SPENDING IN DOLLARS OF ANY PRESIDENT IN US HISTORY. HE HAS BLOWN $6-$7 TRILLION!
No worries- at the end of Obama's term, we will be in debt $24 trillion. You libs have effectively killed the United States in a brief 8 year period. You have done more damage to the greatest nation in earth than the Soviets, the Nazis, and Japanese ever did. Congratulations! I am sure that Stalin and Hitler are smiling in hell.
Again the reason spending hasn't increased under Obama is because they are using 2009 as the baseline in this article. He didn't have to increase it because it was already through the roof his first year in office.
exactly, george bush left him a steaming pile of a budget.
This is too easy. This is a recycled meme from several months ago. The Washington Post factcheck blog looked at it and gave it 3 pinocchios (max is 4). Cato's Dan Mitchell really put a microscope on it and came up with several alternate sets of numbers based on varying assumptions. Mirror, Mirror, on the Wall, Which President Is the Biggest Spender of All? | Cato @ Liberty
LOL if by "puts a microscope on it" you mean "butchers it beyond the point of meaning", then sure i agree.
i mean he goes into the analysis looking for a way to make Obama look like a big spender, and by god, he found it. If you torture the data enough it will confess to anything you want.
Quote:
In his final table, gives spending growth by prez, minus defense and bailouts, based on the thought that a prez does not get to pick his geopolitical environment, and bailouts are usually a consequence of inherited catastrophes.
If you're going to subtract defense and bailouts (for VERY questionable reasons, i might add) you also have to subtract the social spending that automatically increases during recessionary periods.
This is too easy. This is a recycled meme from several months ago. The Washington Post factcheck blog looked at it and gave it 3 pinocchios (max is 4). Cato's Dan Mitchell really put a microscope on it and came up with several alternate sets of numbers based on varying assumptions. Mirror, Mirror, on the Wall, Which President Is the Biggest Spender of All? | Cato @ Liberty
In his final table, gives spending growth by prez, minus defense and bailouts, based on the thought that a prez does not get to pick his geopolitical environment, and bailouts are usually a consequence of inherited catastrophes.
In that table the results were:
So Obama comes in as the next-to-biggest spender.
And as thecoalman points out above:
In short, the original MarketWatch piece was a deliberate fraud/hoax, and not surprisingly many people were taken in by it. Hopefully it's not to late for some of the early posters in this thread to go back and edit their embarrassing remarks.
As mentioned, this is a bunch of bullsh*t. The author picks and chooses what he wants to count? He counts one thing but NOT something else? What kind of stooooopid logic is that? That's CLEARLY just a way of manipulating the data to get the results you want!!!!!
Again the reason spending hasn't increased under Obama is because they are using 2009 as the baseline in this article. He didn't have to increase it because it was already through the roof his first year in office.
The budgets are made in advance. The president is currently in the process of making the 2013 budget. The 2009 budget was made by Bush.
Ignore defense spending is insane on the part of the Cato institute's study. While a president doesn't choose his geopolitical environment, he definitely chooses how to respond to it. It's not like Obama is a peacetime president and Reagan was president during an active war, it's the opposite. Massive military spending is massive government spending, military service people are government employees. It's exactly the same effect as a stimulus.
You can't tell these people the truth. They run back to their echo chambers as quickly as possible.
pbo is still not the smallest spender of goverment money, otherwise known as taxpayer money or borrowing.
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