Friday, May 25, 2012

No Shortage Of Idiots

Rex Nutting.

A couple of days ago, I saw Nutting's graph. I knew it was bullshit but I didn't stop and really look at it. Somebody else did. Nutting claimed that Obama hadn't been spending near the amount of money that people thought he had- and he offered the following graph as proof. Problem is, he conveniently assigned 2009 to George Bush. That was the year of the 1.6 trillion total stimulus and bailout mess...

This is the kind of bullshit we are going to be subjected to for another 6 months. Note George Bush's spending- like it's much better. Stolen from Doug Ross's site...

Yet financial columnist Rex Nutting of MarketWatch tries to portray the president as being downright stingy in a piece entitled, stunningly, “Obama spending binge never happened”:

Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree. 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. Government spending under Obama, including his signature stimulus bill, is rising at a 1.4% annualized pace — slower than at any time in nearly 60 years.

And here’s the chart summarizing Nutting’s argument:

As the chart indicates, Nutting arrives at that 1.4% number by assigning 2009—when spending surged nearly 20%—to
George W. Bush...
What a lying sack of s***.

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