Wall Street Journal - "Obama spending binge never happened" (GREAT CHART!)

[FourScore]

Tue May 22, 2012 at 12:09 PM PDT
Wall Street Journal - "Obama spending binge never happened"
by NewDealer

...From the Wall Journal's Market Watch column today comes this.

Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree. (snip) Almost everyone believes that Obama has presided over a massive increase in federal spending, an “inferno” of spending that threatens our jobs, our businesses and our children’s future. Even Democrats seem to think it’s true. But it didn’t happen. Although there was a big stimulus bill under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.

Even hapless Herbert Hoover managed to increase spending more than Obama has...

SNIP

...Over Obama’s four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion, an annualized increase of just 0.4%.

There has been no huge increase in spending under the current president, despite what you hear...

SNIP



MORE AT: http://www.dailykos.com/story/2012/05/22/1093932/-Wall-Street-Journal-Obama-spending-binge-never-happened-

[Zalatix]

1. Wrong!

President Obama is also responsible for what happened in 2008. So those job losses and spending increases are his fault, too!

[Mariana]

14. Damn right! When exactly did it happen?

Why, it happened just about the time that Obama started leading in the polls! So there!

[cui bono]

2. How did this make it into the WSJ???

[magical thyme]

16. they're probably afraid of Mittens too

Despite all the wall streeters whining about Obama, they know Vampire Capitalism overreach and Morman dominionism will suck them dry too.

The 0.01 percenters are trying vacuum up little crumb, including the 1 percenters.

[Rosa Luxemburg]

34. or maybe Warren Buffett bought the WSJ?

[goclark]

3. Great chart

and Very Good News!

[safeinOhio]

4. When the republicans run on jobs and win

you get radical right wing agenda. God, guns and teh gay issues go back a century and the economy takes a dump. Just look what the House has passed the last couple of years.

[emulatorloo]

5. Thanks! kick and rec

[MannyGoldstein]

6. Hoover-like behaviors beget

Hoover-like results.

And here we are.

[xtraxritical]

7. I think this is the link you really want.

http://www.democraticunderground.com/1002718031

[PatSeg]

8. Saw this chart on Ed's show tonight

<img src="" border="0" alt="">

Amazing how the FACTS somehow don't match the rhetoric on the right.

[HiPointDem]

13. what's the rationale for showing everyone's term starting a year later than it actually did, and

for dividing everything into 3 year segments?

[Mariana]

15. They're divided into 4 year segments

(Obama '10, '11, '12, and '13, Bush II '06, '07, '08 and '09). And the first fiscal year they are responsible for is the one following their inaugurations.

[PatSeg]

21. And their first year in office

they inherit the previous president's budget.

[Mariana]

27. Exactly. nt.

[kentuck]

29. Which means, the deficit of $1.2 trillion for 2009 belonged to Dubya?

[tclambert]

32. The US fiscal year starts on October 1. So, yeah, until September 30, 2009, the budget was

Dubya's. Specifically, the TARP bailout started under his regime.

[underpants]

30. That chart along with a Romney quote has gone viral on facebook

http://www.democraticunderground.com/?com=view_post&forum=1014&pid=127628

[PatSeg]

33. Oh that is so perfect!

We need as many visuals as possible.

[supraTruth]

9. I tried to point that out to the folks here sometime ago, w/no more interest that I see here NOW :

http://www.democraticunderground.com/1002509864

[ErikJ]

10. Well they better get interested because this will be key in Romney's propaganda campaign.

Romney/Republicons are now focusing more and more on the Obama deficits and that he is to fault for them.
This will kill Obama in November if we dont have the facts.

[supraTruth]

11. SO TWEET the TRUTH TO ALL OF THE LAMEstreamCORPORATEmedia UNtil they have NO choice BUT to PAY

ATTENTION & REPORT IT!

Here is a list to begin with:

http://www.democraticunderground.com/1002715818

[zbdent]

18. I'm sorry ... when did FACTS ever come into play in an Election???

I remember the "liberally-biased media" going "what press conference?" when John Kerry said that Bush had said he wasn't that concerned about Osama bin Laden.

No tape, no mention in the "l.b.m." about how that specific day was no longer available on the White House site ... one of the few times George W. Bush had a press conference where he fielded QUESTIONS ...

[DiverDave]

12. Marketwatch has a bar graph, says same thing.

http://www.marketwatch.com/story/obama-spending-binge-never-happened-2012-05-22

As would-be president Mitt Romney tells it: “I will lead us out of this debt and spending inferno.”

Almost everyone believes that Obama has presided over a massive increase in federal spending, an “inferno” of spending that threatens our jobs, our businesses and our children’s future. Even Democrats seem to think it’s true.

I never thought he was throwing money around, but less than anyone back to Ike.
I wasnt aware of that.

We HAVE to make sure he is re-elected

Great ammo for the screamers that say he is "bankrupting us"

God, the comments on THIS story.

Most of those guys have drunk deep of the kool-aid.
With FACTS staring them in the face they still yell lies,
incredible...

[magical thyme]

17. well we all know what left-wing librul media

marketwatch and WSJ are.

[DiverDave]

23. Yep, I saw something

the other day on the CATO institute site, of all places.

http://www.cato.org/publications/white-paper/overkill-rise-paramilitary-police-raids-america

And was VERY surprised that any sort of police criticism was allowed there.
But it is a very insightful paper and gives
damning evidence that SWAT units are being used incorrectly and they are frequently
killing innocent people by mistake.

From the CATO institute??!!
it'd rather old, but nevertheless...

[onlyadream]

19. I seriously love graphs and data

My conservative friends have trouble with these tho, since facts and data aren't emotional issues to get all upset over.

[Johnny2X2X]

20. Yup

I've been posting numbers just like these on boards for over a year, glad to see it in the press. I hope it gets a ton of play now that it's out there.

[tallahasseedem]

22. K&R!

Thank you!

[EC]

24. This is in the WSJ?

What does Rupert want Romney to lose? This is one of his main campaign speeches, that Obama is out of control with his spending - an inferno - yada, yada, yada.

I'm beginning to think that the really right wingers want him to lose so they can run a real right winger in 2016. If Romney wins they won't be able to run a different candidate...so, I wonder if Santorium and Paul and some others are sabotaging Romney quietly and under the radar?

[Amonester]

31. It's more like, if Rmoney wins & signs the Ryan plan...

they've figured out they're gonna go bankrupt because, after Medicare and Social Security' massive cuts, nobody except the 1% is gonna be able to afford paying for their products.

And not only theirs...

[cr8tvlde]

35. Makes perfect sense. He's a loser and a Mormon. Forget Paul, nice guy, no president.

and Santorum and Newt have really big campaign debts and ended up looking like idiotic dolts...again.

I'm still thinking Jeb and, please be kind and I don't care how old she will be and how many times she's said NO but if her party calls and they might, Hillary will do her duty in 2016.

[Scurrilous]

25. K & R

[kentuck]

26. Almost all Republicans believe the opposite...

that Obama is increasing Federal spending at a record pace. After all, the debt has increased by about $5 trillion since he took office. Doesn't that mean he is spending more than anyone in history? No, not necessarily. We have the deficit and the increased debt because we don't have the revenues to pay for the present spending, not that we have increased spending that much. In fact, Federal spending is increasing at the slowest rate in almost 60 years.

[spanone]

28. k&r...

[yankeepants]

36. I want to print this on peel and stick

5X7s or 8X12s and discreetly post them everywhere republicans will see them.