Thursday, May 31, 2012

President Obama's spending record is the lowest of any president since Eisenhower

Why Obama Is No Big Spender | Jared Bernstein | Politics News | Rolling Stone:

'via Blog this'


"But here’s the clincher.  Do it the WaPo way, including the (bogus) assignment of 2009 TARP addition to Obama, do it my way (with the correct 2013 endpoint), or do it MW’s way, you still get essentially the same result: spending under Obama increased more slowly than under any president since the 1950s.
This isn’t just academic, nor is it simply a matter of blowing away some Republican talking points.  The view that spending is out of control under the President is a key theme of the Tea Party, and it thus played a central role during the 2010 midterm elections.  And in no small part, those results heralded an era of political dysfunction that continues to generate steep human costs. "

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