The Pelosi Chart That Inspired Rex Nutting?
On all of this spending business, I want to read to you a little paragraph here from Jim Pethokoukis, who is among the many who have tackled with numbers and analyzes the claim by Rex Nutting that all of this Obama spending is really Bush’s. Pethokoukis pointed out: “[I]f Obama wins another term, spending — according to his own budget — would never drop below 22.3% of GDP. If that forecast is right, spending during Obama’s eight years in office would average 23.6% of GDP. That’s higher than any single previous non-war year” in American history.
“Until Barack Obama took office in 2009, the United States had never spent more than 23.5% of GDP, with the exception of the World War II years of 1942-1946.” So the facts undercut Rex Nutting every which way possible. It simply isn’t possible to say, accurately, that Obama is not a big spender. In fact, this is the Nutting story, the way it opens — just the way this is written — is what made me think that something’s not right here about this. And I always trust my instincts.
Let me read this to you: “Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree.” Of all the falsehoods about Barack Obama? Okay, so everybody’s lying about President Obama. And of all the lies people are telling about Obama, the biggest one is “his reckless spending spree. As would-be president Mitt Romney tells it: ‘I will lead us out of this debt and spending inferno.’