[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

[Grampa Dave]

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

[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.

[ctdonath2]

(Bah, mangled formatting)
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 a very unsettling conclusion and 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.

[liberalh8ter]

This “Obama slowed Federal spending” byline is absolutely spew-worthy. I’ll give Axelplouffe and Carney this, when they’re not sloppily photoshopping, they’re dreaming up whoppers. Obama’s not the only amateur in the White Hut.

[Wuli]

The lie is that in terms of discretionary spending alone - that which is essentially NOT “entitlements” like Social Security and Medicare, which are less subject to annual funding changes - in other words, when considering the discretionary “budget” Presidents are likely to have the most affect on, then surely Obama’s record cannot be the “slowest” spending rise since Ike.

And can anyone validate that the “Keynsian” affect of Obama’s spending has done more positive things for the economy than many other factors outside of where and how Federal dollars are spent. No.

[Petrosius]

I believe more in a form of the Ordoliberalism economic school of societal structure. Likewise, the price will be inflation, which is really not so much prices increasing, but rather the value of the dollar decreasing.… It also relieves the burden of debt holders who are in over there heads by transferring, for all intents and purposes, purchasing power away from savers who have their money in the bank and to the person or institution in debt.

In other words, he favors the deliberate transfer of wealth from the responsible who live below their means to the irresponsible who live beyond their means. In a moral age this is called theft. Nor do I find in the Constitution the authority to manipulate the economy to favor one group over another.

[Smokin' Joe]

It also isn’t easy to explain how the budgetary cycles work in Washington, D.C. We could have put a large turnip in the Oval Office, dressed it in a custom made tuxedo, and referred to it as “Mr. President” and the national debt would have still risen exactly as it has....

Can we have the turnip and a do-over?

Whatever happened with the debt, we'd save on huge vacations, a bunch of executive orders, agency BS, and the embarasment of having the turnip bow to every petty tyrant on the planet.

Just for starters...