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Thread: Pres. Obama's Spending Record Fact Checked (again)

  1. #1
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    Pres. Obama's Spending Record Fact Checked (again)

    "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. But it didn’t happen. Although there was a big stimulus bill under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s."
    http://articles.marketwatch.com/2012...drunken-sailor

    President - Fiscal year baseline - Last fiscal year - Average percentage increase per year
    Carter-1977-1981-16.4
    Nixon-1969-1975-13.5
    Johnson-1964-1969-11.0
    George W. Bush-2001-2009-10.2
    Reagan-1981-1989-8.6
    Kennedy-1961-1964-7.1
    George H.W. Bush-1989-1993-5.8
    Clinton-1993-2001-4.0
    Eisenhower-1953-1961-3.6
    Obama-2009-2013-1.4
    http://www.politifact.com/truth-o-me...-has-lowest-s/
    “If it is not right do not do it; if it is not true do not say it.” Marcus Aurelius

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    Just to make sure you understand the baseline that they compare Obama's spending to is the last year of Bush's presidency which had a huge jump because of TARP.
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    These are the stupid numbers that are getting this country in trouble. Its like puting a budget together that says last year we spent $100 million dollars this year we plan on spending $150 million, then when you only spend $145 million we come out and say we cut the budget by $5 million, nooooo you actually spent $45 million more, or when everybodies wife goes out and spends $500 on "sales" then comes home and says "I saved $300!!" or you go to the casino and you do a "Max Bet" of 25 lines and bet 10 cents a line and then you "Win" 40 cents!!! Sounds like he should be spending more does anyone believe that is what he should be doing right now?

  4. #4
    Quote Originally Posted by Red_in_Blue_Land View Post
    Just to make sure you understand the baseline that they compare Obama's spending to is the last year of Bush's presidency which had a huge jump because of TARP.
    These numbers are also in nominal terms, it appears? So Carter gets dinged twice, once for the inflation the country suffered under his watch and here again for the commensurate increase in spending required just to keep up? That guy can't win.

    And also this will make Obama (who presided over low inflation) look better by comparison.

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    Quote Originally Posted by huskerator 5000 View Post
    These numbers are also in nominal terms, it appears? So Carter gets dinged twice, once for the inflation the country suffered under his watch and here again for the commensurate increase in spending required just to keep up? That guy can't win.

    And also this will make Obama (who presided over low inflation) look better by comparison.
    I find it disappointing that Politifact actually bought that analysis too...
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    ...so, politifact is also part of the vast media conspiracy? You've gotta be kidding me.

    Yes, RIBL, TARP was included -- as were two wars, tax cuts, and medicare part D. What threshold do you want the incoming President compared to if not the spending of the country when they take office?

    ShuckIt, that is not the point but you already know that. All this addresses is the rhetoric claiming that Obama has been spending recklessly, which is obviously not the case (at least when you compare it to every other President since Carter).
    “If it is not right do not do it; if it is not true do not say it.” Marcus Aurelius

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    "The smallest minority on earth is the individual. Those who deny individual rights cannot claim to be defenders of minorities." Ayn Rand

    "Hillary has been cheated on more than a blind woman playing Scrabble. With gypsies." Dennis Miller

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    The enormous expenditures that took place beginning in fiscal 2009 (and "charged" to President Bush) should have been a one-time deal. Instead, Obama supporters are using this as the new "baseline" for spending. When you establish a significantly higher baseline than any previous budget EVER, it's easy to say that that the % increase since then has been smaller.

    If you look at expenditures from 2008 and compare them to the White House's estimates for 2017, you'll find that spending will increase by almost 52% over that period ($2.982 trillion in 2008 to $4.531 trillion in 2017). I'd be willing to bet that those future spending estimates are actually much lower than what is actually going to be spent. That's AFTER drawing down troops from our two wars and slashing defense spending.

    Deficit in 2007: 0.160 trillion
    Deficit in 2012: 1.326 trillion

    If my math is right, the annual deficit is more than 8 times what it was in 2007.

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    Quote Originally Posted by Husker Mort View Post
    ...so, politifact is also part of the vast media conspiracy? You've gotta be kidding me.

    Yes, RIBL, TARP was included -- as were two wars, tax cuts, and medicare part D. What threshold do you want the incoming President compared to if not the spending of the country when they take office?

    ShuckIt, that is not the point but you already know that. All this addresses is the rhetoric claiming that Obama has been spending recklessly, which is obviously not the case (at least when you compare it to every other President since Carter).
    Actually not comparing to every other President just the one before him. Everybody is comparing Obama to Bush, everyone agrees Bush was a junker, now we take a look at both junkers spending during their presidency's.

    ush’s deficit spending was $410 billion a year divided by 365 days, which equals $1.1 billion per day. Versus Obama’s deficit spending, which has been $1,413 billion a year divided by 365, which equals $3.87 billion per day. That is 3.5 times more spending every single day from Obama. The number in OP should be a negative number if he was at all responsible, not setting new records in spending everyday.

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    Quote Originally Posted by Husker Mort View Post
    ...so, politifact is also part of the vast media conspiracy? You've gotta be kidding me.

    Yes, RIBL, TARP was included -- as were two wars, tax cuts, and medicare part D. What threshold do you want the incoming President compared to if not the spending of the country when they take office?

    ShuckIt, that is not the point but you already know that. All this addresses is the rhetoric claiming that Obama has been spending recklessly, which is obviously not the case (at least when you compare it to every other President since Carter).
    Media conspiracy???
    Where in my post is that?
    I guess that is the best response you can have for catching a Politifact screw-up, you bought hook line and sinker...
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    Quote Originally Posted by huskrthill View Post
    The enormous expenditures that took place beginning in fiscal 2009 (and "charged" to President Bush) should have been a one-time deal. Instead, Obama supporters are using this as the new "baseline" for spending. When you establish a significantly higher baseline than any previous budget EVER, it's easy to say that that the % increase since then has been smaller.

    If you look at expenditures from 2008 and compare them to the White House's estimates for 2017, you'll find that spending will increase by almost 52% over that period ($2.982 trillion in 2008 to $4.531 trillion in 2017). I'd be willing to bet that those future spending estimates are actually much lower than what is actually going to be spent. That's AFTER drawing down troops from our two wars and slashing defense spending.

    Deficit in 2007: 0.160 trillion
    Deficit in 2012: 1.326 trillion

    If my math is right, the annual deficit is more than 8 times what it was in 2007.
    The OP is like taking New Yorks murder numbers and basing them off of 2001 and then saying in 2002 they decreased murders by 99%!!!

  13. #13
    Quote Originally Posted by huskrthill View Post
    The enormous expenditures that took place beginning in fiscal 2009 (and "charged" to President Bush) should have been a one-time deal. Instead, Obama supporters are using this as the new "baseline" for spending. When you establish a significantly higher baseline than any previous budget EVER, it's easy to say that that the % increase since then has been smaller.

    If you look at expenditures from 2008 and compare them to the White House's estimates for 2017, you'll find that spending will increase by almost 52% over that period ($2.982 trillion in 2008 to $4.531 trillion in 2017). I'd be willing to bet that those future spending estimates are actually much lower than what is actually going to be spent. That's AFTER drawing down troops from our two wars and slashing defense spending.

    Deficit in 2007: 0.160 trillion
    Deficit in 2012: 1.326 trillion

    If my math is right, the annual deficit is more than 8 times what it was in 2007.
    I was just beginning a post along these lines but then saw that you nailed it. I don't have a problem with Obama having an additional stimulus in 2009, but I do have a problem with the size of that stimulus (largest government expenditure in human history) and its allocation. I also have a problem with undertaking health care reform at a time when the federal government should have been focused on economic recovery.
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  14. #14
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    Quote Originally Posted by Husker Mort View Post
    ...so, politifact is also part of the vast media conspiracy? You've gotta be kidding me.

    Yes, RIBL, TARP was included -- as were two wars, tax cuts, and medicare part D. What threshold do you want the incoming President compared to if not the spending of the country when they take office?

    ShuckIt, that is not the point but you already know that. All this addresses is the rhetoric claiming that Obama has been spending recklessly, which is obviously not the case (at least when you compare it to every other President since Carter).
    Wouldn't you consider the stimulus a one time event and the spending levels to go back down to levels reflective of a spending budget without the stimulus?
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    "Hillary has been cheated on more than a blind woman playing Scrabble. With gypsies." Dennis Miller

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