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Who Is The Smallest Government Spender Since Eisenhower? Would You Believe It's Barack Obama?
Forbes ^ | 5/24/12 | Rick Ungar

Posted on 09/01/2012 5:57:29 PM PDT by Major Matt Mason

It’s enough to make even the most ardent Obama cynic scratch his head in confusion.

Amidst all the cries of Barack Obama being the most prolific big government spender the nation has ever suffered, Marketwatch is reporting that our president has actually been tighter with a buck than any United States president since Dwight D. Eisenhower...

(Excerpt) Read more at forbes.com ...


TOPICS: Government
KEYWORDS: 2012electionbias; barackobama; cookedthebooks; dnctalkingpoints; fakebutaccurate; forbesblog; goebbelswouldbeproud; governmentspending; leftistauthor; leftistpropaganda; obamaeconomy; propaganda; revisionisthistory; stalinisttactics; thebiglie; waronerror; zogbyism
Did a search but couldn't find this in the FR database. Slightly old, but worth a laugh, I would think. I saw this article polluting my Facebook feed today, so I figured Freepers would have a field day with it. Have at it!
1 posted on 09/01/2012 5:57:30 PM PDT by Major Matt Mason
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To: Major Matt Mason

I heard that too but I can’t figure out how they could think that. The debt went up more than the other president’s combined. I would love to see the math on this.


2 posted on 09/01/2012 6:01:01 PM PDT by napscoordinator (Paul Ryan/Rick Santorum 2012....That would be the best scenario ever.)
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To: Major Matt Mason

... guess it all depends on how one defines the term “government spending” ....


3 posted on 09/01/2012 6:04:21 PM PDT by Ken522
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What a load of sycophantic crap.


4 posted on 09/01/2012 6:04:21 PM PDT by Gene Eric (Demoralization is a weapon of the enemy. Don't get it, don't spread it!)
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To: Major Matt Mason

i remember when this came out...Carney evidently screamed at reporters on Air Force 1 about this report....it was debunked within 24 hours, hence that’s why we have not heard of it much since....


5 posted on 09/01/2012 6:04:25 PM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: napscoordinator

This is the crap where they claim that since the Fiscal Year started under Bush (10/2008), the stimulus that was passed in 2009 was Bush’s spending. All I know is the Paln lives in Unger mind rent free.


6 posted on 09/01/2012 6:04:49 PM PDT by Perdogg
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To: Major Matt Mason

Is Marketwatch doing satire now? I too would like to see their math.


7 posted on 09/01/2012 6:05:42 PM PDT by FlingWingFlyer (Had enough of the freaks running the show yet?)
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To: napscoordinator

http://www.openmarket.org/2012/05/25/no-obama-is-not-the-smallest-government-spender-since-eisenhower/

http://www.forbes.com/sites/peterferrara/2012/06/14/president-obama-the-biggest-government-spender-in-world-history/


8 posted on 09/01/2012 6:06:11 PM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: Major Matt Mason

9 posted on 09/01/2012 6:06:19 PM PDT by ChildOfThe60s (If you can remember the 60s....you weren't really there)
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To: napscoordinator

http://townhall.com/tipsheet/kevinglass/2012/05/24/lie_of_the_day_progressives_pretend_obama_isnt_a_big_spender


10 posted on 09/01/2012 6:07:04 PM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: Major Matt Mason

This has been extensively debunked by the WSJ, IBD, and others. It has no place at this point on this forum.


11 posted on 09/01/2012 6:08:06 PM PDT by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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To: Perdogg

I guess it would be true if you took a hit of Acid every day!


12 posted on 09/01/2012 6:08:30 PM PDT by Shady (The Tea Party is the Party of the American People, Working and creating wealth in SPITE of OBAMA!)
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To: napscoordinator

“but I can’t figure out how they could think that.”
Simple, he’s spent less of his own money than any president in history. All his vacations and campaign trips are on our dime.


13 posted on 09/01/2012 6:08:34 PM PDT by bitterohiogunclinger (Proudly casting a heavy carbon footprint as I clean my guns ---)
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To: Major Matt Mason


14 posted on 09/01/2012 6:08:45 PM PDT by Iron Munro ("In any compromise between good and evil, it is only evil that can profit." - Ayn Rand)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Demagogic Party Talking Points ping. Thanks Major Matt Mason.


15 posted on 09/01/2012 6:08:45 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: Perdogg

“Did you know this penny is larger than the sun?” (Holds coin to eye)


16 posted on 09/01/2012 6:09:23 PM PDT by HiTech RedNeck (let me ABOs run loose, lew (or is that lou?))
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To: napscoordinator
Basically, they add TARP onto the federal spending to bring the baseline up to an Obama sized budget. Then Obama blows out 3 more years of Obama sized expenditures despite not having stimulus or TARP, and shows a negligible increase in the budget.

A couple things are missing from these calculations. First is that much of the discretionary spending in the 2009 fiscal year wasn't passed until March of 09, meaning they carry Obama's signature. Second is that Obama voted for TARP, signed the Stimulus bill, signed those Omnibus portions of the 09 budget, and hasn't had a budget passed since then. If spending in his administration was really flat (it isn't) then nobody can claim the credit because the democrats haven't passed a budget in the Senate since then.

17 posted on 09/01/2012 6:09:40 PM PDT by USNBandit (sarcasm engaged at all times)
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To: USNBandit

Actually since Bush’s TARP was paid back, the net was zero.


18 posted on 09/01/2012 6:10:54 PM PDT by Perdogg
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To: Major Matt Mason

These ‘Progressives’ are delusional. From 8/31/12

http://www.freerepublic.com/focus/news/2924839/posts?page=23#23

Read this nonsense in the post by the author of the article!!

“Obama is a Republican at heart, but he decided (probably in 1996) to enter politics as a Democrat, because there would be no way for him to become the first black President as a self-acknowledged conservative and Republican. As President, he negotiated in congress more with Boehner than with either Pelosi or Reid, and he did that right at the start, when Democrats dominated in both houses. It’s too much to go into here; but, in any case, I nowhere said that Obama is liberal. I consider him fairly conservative, conservative enough to want the Republicans to control Congress, even though that requires him to negotiate much harder with Boehner and McConnell than he would have to negotiate with Pelosi and Reid if he were a liberal. But my interpretation of Obama’s motivation isn’t even part of this article; all it discusses about him is that the nation has veered even farther to the right during his Presidency, something that loads of polls document.”


19 posted on 09/01/2012 6:11:22 PM PDT by griswold3 (Big Government does not tolerate rivals.)
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To: napscoordinator

When this 1st came out, I think I can remember that someone, maybe Eric Bolling, was saying that they attached Obama’s spending on to the Bush admin at the very beginning of the O admin.

I can’t remember details, but this was debunked.


20 posted on 09/01/2012 6:11:48 PM PDT by dforest
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To: Major Matt Mason

The trick is to say Bush is responisble for all of FY 09 spending (not Obama), including the Stimulus, Clunkers, Stimulus Jr, etc.

You then have a new baseline. And so Obama has just maintained it.

It’s been thoroughly debunked... months ago.


21 posted on 09/01/2012 6:12:03 PM PDT by nhwingut (Sarah Palin 12... No One Else)
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To: Major Matt Mason

ahhh When he took office debit was around $9 bil, now $16 bil, what are they drunk?


22 posted on 09/01/2012 6:12:20 PM PDT by svcw (If one living cell on another planet is life, why isn't it life in the womb?)
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To: Major Matt Mason
They do this by blaming Bush for the FY 2009 budget even though it wasn't finally passed until March 2009. And even some of the interim spending was from President-elect Obama asking President Bush to release spending early rather than waiting until January 20.

Put FY 2009 into Obama's column and he's the mad spender we know and... well, the one we know.

23 posted on 09/01/2012 6:15:48 PM PDT by KarlInOhio (Cardinal Dolan's DNC prayer is titled "Ritus exorcizandi obsessor a daemonio")
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To: napscoordinator
I can’t figure out how they could think that.

Because he's got the value of the dollar down to only 3 cents.


24 posted on 09/01/2012 6:16:15 PM PDT by Iron Munro ("In any compromise between good and evil, it is only evil that can profit." - Ayn Rand)
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To: napscoordinator

Federal outlays for 2009 are attributed to Bush.

In 2007, the feds spent less than 20% of GDP. In 2009 that jumped to more than 25% of GDP. 2010-2011 outlays have held steady at a little over 24% of GDP, though I don’t believe the gov’t stats.

So Osama is credited with only a very small rise in outlays as a percent of GDP.


25 posted on 09/01/2012 6:16:59 PM PDT by jjotto ("Ya could look it up!")
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To: Major Matt Mason
First off, the author of the article describes himself as “writing from the left.” So he's not your typical Forbes writer.

Second of all, he's discussing the percentage that spending INCREASED under Obama, not the spending itself.

So, yes, Obama is spending more, much more, but his spending increase percentage is relatively low. It's a very misleading argument.

Kinda like this:
Person “A” has a credit card debt of $100 and charged 20 more dollars. He increased his debt by 20%.

Person “B” has a credit card debt of $300 and charged 30 more dollars. He increased his debt by 10%.

So is Person B some sort of tightwad? I don't think so.

IMHO, the author just wanted to make Obama look good, and he twisted the data until he found something he liked.

26 posted on 09/01/2012 6:19:25 PM PDT by Leaning Right
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To: Major Matt Mason

Who is the greatest ballplayer of all time? Ty Cobb? Babe Ruth? Surprisingly, the answer is actually Bob Uecker.


27 posted on 09/01/2012 6:29:21 PM PDT by ClearCase_guy (ua)
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To: Major Matt Mason

One more refutation:
http://www.washingtonpost.com/blogs/fact-checker/post/the-facts-about-the-growth-of-spending-under-obama/2012/05/24/gJQAIJh6nU_blog.html


28 posted on 09/01/2012 6:32:03 PM PDT by jonno (Having an opinion is not the same as having the answer...)
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To: Major Matt Mason

Been debunked already.

Guess we are going to have to continue to put up with this crap until at least November.


29 posted on 09/01/2012 6:36:41 PM PDT by comebacknewt (Newt (sigh) what could have been . . .)
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To: Perdogg

Don’t forget the unprecedented, one-time bailout expenditure of 700 to 800 billion.


30 posted on 09/01/2012 6:40:15 PM PDT by Cruising For Freedom
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To: Leaning Right

Looking at the “actual spending” graph where it jumps sharply up during lame duck Bush, jumps further at the beginning of Obama, then comes slightly downward from a new, unprecedented plateau... that takes a lot of spin to make Obama look clean.


31 posted on 09/01/2012 6:41:31 PM PDT by HiTech RedNeck (let me ABOs run loose, lew (or is that lou?))
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To: Major Matt Mason

Author: “Rick Ungar, Contributor

Writing from the left on politics and policy. “

That tells me everything I need to know.


32 posted on 09/01/2012 6:43:52 PM PDT by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: Major Matt Mason

Bush’s budget deficit in 2006 was $371 billion! Obama has had budget deficits of over $1.3 trillion dollars every year.


33 posted on 09/01/2012 6:46:21 PM PDT by tallyhoe
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To: Major Matt Mason

The Heritage Foundation explains the slight of hand the Dems are trying to do:

Setting Obama’s “Great Fiscal Restraint Record” Straight

http://blog.heritage.org/2012/05/24/setting-obamas-great-fiscal-restraint-record-straight/


34 posted on 09/01/2012 6:49:12 PM PDT by Innovative ("Winning isn't everything, it's the only thing." -- Vince Lombardi)
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To: Major Matt Mason

35 posted on 09/01/2012 7:03:10 PM PDT by death2tyrants
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To: Major Matt Mason

I’m sorry, but we didn’t lose our AAA credit rating because Obama and this Congress were tight with the purse strings.

Unbelievable!!!


36 posted on 09/01/2012 7:23:04 PM PDT by Carbonsteel
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To: napscoordinator

Fuzzy math ping!


37 posted on 09/01/2012 7:36:40 PM PDT by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
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To: Major Matt Mason

Even some of the lefty fact checkers say this Marketwatch article is bull.

http://www.washingtonpost.com/blogs/fact-checker/post/the-facts-about-the-growth-of-spending-under-obama-part-3/2012/06/05/gJQAY9YhGV_blog.html?socialreader_check=0&denied=1


38 posted on 09/01/2012 7:39:52 PM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: Major Matt Mason

I’m sure this could be true in Bizarro World United States.


39 posted on 09/01/2012 8:09:20 PM PDT by catnipman ((Cat Nipman: Vote Republican in 2012 and only be called racist one more time!))
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To: Major Matt Mason

Whatr’s happened to Forbes? This is insane.


40 posted on 09/01/2012 8:42:22 PM PDT by STJPII
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To: Major Matt Mason
Why won't anyone say it?

Obama inherited the Pelosi economy!

She had control of the purse strings 2 years before Obama showed up. Why is her name never mentioned when Obama talks about the mess he inherited? I'm sick of her getting away with being a well respected incompetent babbling nincompoop.

41 posted on 09/01/2012 9:32:57 PM PDT by Tex-Con-Man (T. Coddington Van Voorhees VII 2012 - "Together, I Shall Ride You To Victory")
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To: Major Matt Mason

Thanks for the posting. The Forbes and the original Marketwatch articles have been making their rounds on FB. Having the Freeper brain trust generate and list all of the references for rapid refudiation is a great time saver.


42 posted on 09/01/2012 9:49:58 PM PDT by 103198
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To: napscoordinator

Easy, the author attributes the 2009 spending to Bush. I’d like to see his explain the fact that in 2010 the National Debt was 93% of the GNP when in 2008 the Debt was some 64% of GNP. This ratio shows the collapse of the private sector Obama tells us is doing just fine.


43 posted on 09/01/2012 10:00:20 PM PDT by JimSEA
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To: napscoordinator

If true all the money borrowed ON OUR CHILDREN DIME is going into coffers and bank accounts of the criminal enterprise locally and international including the UN.


44 posted on 09/02/2012 4:39:23 AM PDT by ronnie raygun (bb)
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