Mitt Romeny is either ignorant of the facts or a bald-faced liar when he accuses Mr. Obama of out-of-control spending. So are the conservatives who continue to repeat that talking point.
What Liberal Media?
Every conservative blog I've read continues with the fallacy of Obama being a big spender. It's all a lie and even the Wall Street Journal had to acknowledge it. What are the chances that we'll hear the opposition admit to this?
Answer: Slim to none.
Why? Cognitive dissonance again. Conservatives have been repeating this lie so many times that it is now received "truthiness," so how can they possibly admit they've been hornswoggled by a lazy media and dishonest pundits and bloggers? Or worse, so blinded by their hatreds, they cannot allow the truth to bleed through to their consciousness.
BTW, take a look at the chart and understand who the biggest spenders are.
From NPR's website:
"Democrats like Stephanie Cutter, deputy campaign manager of President Obama's re-election effort, and Donna Brazile, the Democratic political strategist, were delighted to point on Tuesday to an analysis of federal spending under President Obama compared with his predecessors.
Max Nutting, a journalist who writes for the MarketWatch website affiliated with The Wall Street Journal looked at the data and found that rhetoric and reality don't quite match up.
Nutting found that, contrary to repeated allegations from the president's political foes, including Mitt Romney, that Obama has been on a federal spending tear, he actually hasn't.
Indeed, Nutting, spending under Obama has actually occurred at a slower rate than it did under previous White House occupants.
You actually have to go back decades to find a presidency — Dwight D. Eisenhower in the 1950s to be precise — in which spending happened at a slower rate.
"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.Hoover happened to be president when Will Rogers, that great American humorist, was at the height of his popularity. It was Rogers who gave us a line that is no less true today then when he uttered it more than 75 years ago:
"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.
"Even hapless Herbert Hoover managed to increase spending more than Obama has."
"It isn't what we don't know that gives us trouble. It's what we know that just ain't so."I've asked the Romney campaign for a response to Nutting's piece and will update this post with same."
Rex Nutting's writing in Market Watch:
I'd love to hear how the Obama haters will spin this!
It'll drive them nuts to have to admit that Mr. Obama is a fiscally responsible president!
Smartypants has a great post up on this subject with an additional graph showing that the GOP are the big spenders.
Meteor Blades over at the daily kos writes:
"A key aspect of budgeting often ignored for political conveniency is the fact that the federal fiscal year begins Oct. 1. So by the time Obama stepped into the Oval Office, the budget for fiscal 2009 was already nearly one-third spent and expenditures for the rest of the year locked in. He added about $140 billion to the spending in 2009 through the stimulus plan.
2009, before Obama took office.
What's also true, of course, is that revenue hasn't kept up with spending. This is partly due to tax cuts pushed through by George Bush, two wars rushed into by George Bush and a record-busting recession that began on George Bush's watch. The impact of the last includes millions of Americans out of work or working fewer hours, thereby reducing income tax revenues and putting immense pressure on expenditures for food stamps and unemployment insurance benefits."