Obama Has Overseen the Slowest Federal Spending Increase Since Eisenhower in the 1950's

JoshuaKennon.com ^ | 05/23/2012 | Joshua Kennon

[ltc8k6]

http://www.powerlineblog.com/archives/2012/05/barack-obama-skinflint.php

[treetopsandroofs]

Six months ago, he had only created 2 million jobs.

Now he’s up to 4 million.

There’s still a relatively small crowd here who wants to believe the lies.

[DuncanWaring]

Limbaugh and a caller on the Nutting piece referenced at the top:

http://www.freerepublic.com/focus/f-news/2887613/posts

[Jeff Chandler]

[Uncle Ike]

” This Has Nothing to Do With Politics “

I don’t know if I’d admit that, if I were this author —

If this inane drivel isn’t ‘Political’, then it’s the product of profound stupidity...

[MrB]

Amazing, isn’t it?

Straight out of 1984.

Truth is lies. War is Peace. Freedom is Slavery.

[Jacquerie]

[muir_redwoods]

To a committed Keynesian like this Kennon fellow, there is never any question that we use QE 1,2,3 to deal with the deflationary threat manufactured by Dodd and Frank when they tactically pulled the rug out from under Freddie and Fanni to throw the 2008 election to the Kenyan.

Kennon doesn’t care at all that this undermines the whole economy and devalues every dollar every one of us has.

[Ingtar]

The most amazing part is there is not a single relevant fact in the article.

[DuncanWaring]

Not unlike when they claimed the federal gov’t took in more money than it spent in April ‘12.

But, in the same month, according to the Bureau of the Public Debt, the national debt increased by $110 billion.

How’s that? They took in more than they spent, but borrowed another 110 gigabucks just to pad their rainy-day fund?

[hinckley buzzard]

Joshua Kennon: Classic self-annointed Internet instant "expert." Evasive about his background and apparent lack of credentials. Not worth taking seriously, especially given his aggressive polemical rant (note the absence of any hard information to back up his arrogance.) Con artist. Waste of time.

[muir_redwoods]

To a committed Keynesian like this Kennon fellow, there is never any question that we use QE 1,2,3 to deal with the deflationary threat manufactured by Dodd and Frank when they tactically pulled the rug out from under Freddie and Fanni to throw the 2008 election to the Kenyan.

Kennon doesn’t care at all that this undermines the whole economy and devalues every dollar every one of us has.

[LibLieSlayer]

He added 1 TRILLION dollars to Bush's 2009 budget and then refuses to add his increase into the mix. obamao is the largest spending deficit creator in the HISTORY of the republic. He has increased our deficit more than ALL OTHER PRESIDENTS COMBINED. FUbo and your white, communist slut mother.

LLS

[Yardstick]

This is like a midget standing on a stool trying to convince you he’s six feet tall.

[Arrowhead1952]

The most amazing part is there is not a single relevant fact in the article.

Who cares about facts when a dim lies? Rush tore this report apart like wet toilet paper.

[ctdonath2]

Ya. I read it and scratch my head wondering where the actual content is amid the verbiage insulting the reader, insulting the reader’s friends, oversimplified explanations of non-sequiturs, rationalizing increases as stability misrepresented by scaling values, pointing blame at prior legislatures, and declarations that any POTUS would do the same. Amounts to “well, if you subtract baseline increases, inflation, obligatory crisis-control spending, legislated spending, and just about anything else, you can only blame him for 0.4% of the increase.” I’d say I’m unconvinced, but I can’t make out what I’m supposed to be [un]convinced of.

[Grampa Dave]

The other side of the reality without the pages of bs!

[Ingtar]

The first point the rips it to shreds is that the baseline from 2008 included HIS $1 trillion porkulus. Once that is figured in, as it is funded each year solely by borrowing, it is easy to see why the value of the dollar is eroding and place the blame squarely on the Democrats.

[ctdonath2]

Here's the article without the irrelevant rhetoric & insults (and I'm being generous): --- President Obama has overseen the slowest increase in government spending since Eisenhower was in office in the 1950′s. President Obama has increased Federal spending by only 0.4% per annum, or 40 basis points. Strip out inflation, and real government spending is actually falling. most of the debt is really being created to offset the collapse of the private credit markets In other words, if you have $100 in a savings account paying you $0, and inflation is running 4%, what is really happening is that $4 in purchasing power is being taken out of your pocket each year and transferred to someone who is in debt. The money supply had to be stabilized and it had to be put on the nation’s credit card. At the current rate his administration is going, real purchasing power spending per American will fall from $11,450 per person when he took over in 2009 to $10,900 in 2013 when he leaves office or is serving another term. --- An assertion, with nigh unto no actual analysis. Upshot is: "we had to increase national debt" and somehow that's not "spending". Kinda thin for someone who spent several times that verbiage ranting about how shallow other people are.