Based on some feedback I’ve received today, the “Obama is the
lowest spending president in sixty years”
meme is still taken seriously in some circles. It is nonsense.
Don’t want to take my word for it? How about the
Associated Press:
Obama rests his claim on an
analysis by MarketWatch, a financial information and news
service owned by Dow Jones & Co. The analysis simply looks at
the year-to-year topline spending number for the government but
doesn’t account for distortions baked into the figures by the Wall
Street bailout and government takeover of the mortgage lending
giants Fannie Mae and Freddie Mac.
The MarketWatch study finds spending growth of only 1.4 percent
over 2010-2013, or annual increases averaging 0.4 percent over that
period. Those are stunningly low figures considering that Obama
rammed through Congress an $831 billion stimulus measure in early
2009 and presided over significant increases in annual spending by
domestic agencies at the same time the cost of benefit programs
like Social Security, Medicare and the Medicaid were ticking
steadily higher.
And don’t forget the spending bills:
But Obama’s role in 2009 spending was much bigger than that. For
starters, he signed nine spending bills funding every Cabinet
agency except Defense, Veterans Affairs and Homeland Security.
While the numbers don’t jibe exactly, Obama bears the chief
responsibility for an 11 percent, $59 billion increase in
non-defense spending in 2009. Then there’s a 9 percent, $109
billion increase in combined defense and non-defense appropriated
outlays in 2010, a year for which Obama is wholly responsible.
Washington Post fact-cherk Glenn Kessler also gave the
low-spending Obama claims
three Pinnochios.
JD| 7.10.12 @ 4:37PM
Impressive how they contort to invalidate even the most fundamental truths, eh?
The key to their "reasoning" here is a constant conflation of "Obama" and "Democrats." Whenever necessary, they'll say "Obama didn't do X", by explaining that technically, it was some other Democrat. But when it comes to taking credit for achievements, all the achievements blur together, and the Obama campaign ticket acts with the full authority of every good thing they think any Democrat has ever done.
As always, they are very, very slippery.
Mike G| 7.10.12 @ 7:46PM
Democrats have done good?? Like what? I can't even think of any good Republicans have done in the past 30 years. All either party has done is infringe on personal rights and spend like it's somebody else's money...oh yeah, it IS somebody else's money.
Oldefarte| 7.11.12 @ 11:30AM
Obama is the LOWEST SPENDING PRESIDENT IN SIXTY YEARS? Are you kidding me? Who puts out these lying manipulations of truth? Does anyone have what;s known as a brain? Its a shame that lying is not a cause for incarceration, otherwise this whole administration would be behind prison bars!!!!!!!