Yes, The Obama Spending Binge Really Did Happen

A propagandist for the Obama regime published a graph the other day purporting to show that Barack Obama has been the most fiscally responsible president in the last sixty years. Now Obama himself has picked up this claim:

(H/t Gateway Pundit)

Obama: “Who are you going to believe? Me or your own lying eyes?”

No, our eyes have not deceived us, despite what our Prevaricator-in-Chief would have us believe. The graph put out by Obama’s sock puppet assumes that the Bush spending increase in early 2009 with TARP is the new baseline, rather than a one-off to cope with the financial crisis, and then credits to George W. Bush–not just TARP–but all of 2009’s spending, including the misguided “stimulus”. However, the stimulus, if you recall, was sponsored not by Bush, but by Obama.

James Pethokoukis provides a few charts that show what really happened:

Obama spending, percent increase adjusted for inflationObama spending, US federal spending as percent of GDPAs Pethokoukis points out,

Until Barack Obama took office in 2009, the United States had never spent more than 23.5% of GDP, with the exception of the World War II years of 1942-1946. Here’s the Obama spending record:

– 25.2% of GDP in 2009

– 24.1% of GDP in 2010

– 24.1% of GDP in 2011

– 24.3% (estimates by the White House ) in 2012

What’s more, if Obama wins another term, spending—according to his own budget—would never drop below 22.3% of GDP. If that forecast is right, spending during Obama’s eight years in office would average 23.6% of GDP. That’s higher than any single previous non-war year.

Enhanced by Zemanta
This entry was posted in politics and tagged , , , , , . Bookmark the permalink.

4 Responses to Yes, The Obama Spending Binge Really Did Happen

  1. Pingback: Carney Calls ‘BS’ on Claims About Obama’s Record, Cites BS to Make Point | The Lonely Conservative

  2. Pingback: How To Make Obama’s Spending Look Small | Rightlinks Blog – Greece: Setting the standard for Democrats everywhere

  3. Sugel says:

    Obama’s tax rebates were supposed to encourage consumer spending, but many experts doubted it. Why? The rebates showed up as less tax withholding. Unlike the Bush tax cuts , workers did not receive checks. As a result, most people weren’t aware they got a tax rebate.

  4. Pingback: Top Ten Shared Posts Of 2012 | The Tree of Mamre

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s