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Old 05-23-2012, 11:45 PM
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Default More GOP folderol debunked

Romney:
"Since President Obama assumed office three years ago, federal spending has accelerated at a pace without precedent in recent history."

Well, uh, no.

http://www.politifact.com/truth-o-me...-has-lowest-s/
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Old 05-24-2012, 02:47 AM
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Originally Posted by editionshield View Post
Romney:
"Since President Obama assumed office three years ago, federal spending has accelerated at a pace without precedent in recent history."

Well, uh, no.

http://www.politifact.com/truth-o-me...-has-lowest-s/
Well, uh, depends on how you spin it. They exclude spending in his first year which included the bailouts, but it was still spending under Obama.

Lies, Damn Lies, and Statistics.
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Old 05-24-2012, 04:44 AM
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Well, uh, depends on how you spin it. They exclude spending in his first year which included the bailouts, but it was still spending under Obama.

Lies, Damn Lies, and Statistics.
LOL, you mean the budget, appropriations, and bailouts generated by the Republicans? Those are the President's fault too. Right.....
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Old 05-24-2012, 06:42 AM
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LOL, you mean the budget, appropriations, and bailouts generated by the Republicans? Those are the President's fault too. Right.....
Nope, just what happens under his watch, right captain?
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Old 05-24-2012, 06:53 AM
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Nope, just what happens under his watch, right captain?
September 2009 is when the President has his first fiscal year. That's when he gets the fiscal watch.
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Old 05-24-2012, 06:56 AM
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September 2009 is when the President has his first fiscal year. That's when he gets the fiscal watch.
January 20, 2009 is when he was sworn in as the big dog.
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Old 05-24-2012, 06:59 AM
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January 20, 2009 is when he was sworn in as the big dog.
Thanks for the information. I'll write that down in my "facts to remember" book. His first input on financial issues is September.
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Old 05-24-2012, 07:24 AM
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Thanks for the information. I'll write that down in my "facts to remember" book. His first input on financial issues is September.
When did he spend the discretionary TARP funds? When did he pass the stimulous bill? When did he sign the Child Health Care Bill. It goes on and on, yes the prez is responsible for financial issues in his first year.
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Old 05-24-2012, 07:34 AM
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When did he spend the discretionary TARP funds? When did he pass the stimulous bill? When did he sign the Child Health Care Bill. It goes on and on, yes the prez is responsible for financial issues in his first year.
Not when you can blame Bush or, to be fair, Clinton the first year of the Bush administration.
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Old 05-24-2012, 07:35 AM
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When did he spend the discretionary TARP funds? When did he pass the stimulous bill? When did he sign the Child Health Care Bill. It goes on and on, yes the prez is responsible for financial issues in his first year.
Don't ask those kinds of questions. The Supreme Commissar of Government Information (i.e. TrueHorn) has already decreed that the President is not responsible for those expenses.
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Old 05-24-2012, 08:04 AM
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Not when you can blame Bush or, to be fair, Clinton the first year of the Bush administration.
He's still blaming Bush, he can hardly talk about anything that he or Biden don't reference the "mess" they inherited.
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Old 05-24-2012, 08:28 AM
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When did he spend the discretionary TARP funds? When did he pass the stimulous bill? When did he sign the Child Health Care Bill. It goes on and on, yes the prez is responsible for financial issues in his first year.
Bush Administration bill, but a good one. You do know the country is making money off of TARP. Not spending, a sound investment. Credit where credit is due. This was Paulson's baby.
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Old 05-24-2012, 12:01 PM
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Wall Street Journal, 5/23/12 - Obama's Permanent Emergency -- How to disguise a spending binge

Quote:
"The major spending decisions in the 2009 fiscal year were made by George W. Bush and the previous Congress," notes Nutting. The most obvious objection is addressed in his chart, which "reassigns" to Obama "about $140 billion in extra spending in the 2009 fiscal year from the stimulus bill, from the expansion of the children's health-care program and from other appropriations bills passed in the spring of 2009."

The less obvious but more pertinent objection is hinted at in this paraphrase of Obama's I-inherited-this-mess mantra: "Like a relief pitcher who comes into the game with the bases loaded, Obama came in with a budget in place that called for spending to increase by hundreds of billions of dollars in response to the worst economic and financial calamity in generations."

That would be the Troubled Asset Relief Program, enacted in October 2008. It accounted for much of the enormous spending increase (to $3.52 trillion from $2.98 trillion, or 17.9%) in fiscal 2009. Thereafter the rate of change was much smaller: Spending fell 1.8% in 2010, rose 4.3% in 2011, and is expected to rise 0.7% in 2012 and fall 1.3% in 2013.

But TARP was a one-off, a temporary response to an emergency. By itself, it would have caused a bump in spending--that is, a sharp increase in 2009, followed by a sharp decrease in 2010. As James Pethokoukis notes, "Obama chose not to reverse that elevated level of spending; thus he, along with congressional Democrats, [is] responsible for it." Obama spends as if the 2008 emergency were permanent.

Or, to put it another way, he's like a relief pitcher who comes into the game with the bases loaded and proceeds to give up run after run.
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Old 05-24-2012, 02:32 PM
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Bush Administration bill, but a good one. You do know the country is making money off of TARP. Not spending, a sound investment. Credit where credit is due. This was Paulson's baby.
So Bush saved the country from the devastating financial meltdown. Nice!
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Old 05-24-2012, 03:07 PM
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So Bush saved the country from the devastating financial meltdown. Nice!
He put us in the worst economic slump since the Great Depression. Yeah, Nice.
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Old 05-24-2012, 03:33 PM
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He put us in the worst economic slump since the Great Depression. Yeah, Nice.
He gets credit for putting us in the recession and getting us out. Remarkable guy!
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Old 05-24-2012, 10:03 PM
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Quote:
Originally Posted by editionshield View Post
Romney:
"Since President Obama assumed office three years ago, federal spending has accelerated at a pace without precedent in recent history."

Well, uh, no.

http://www.politifact.com/truth-o-me...-has-lowest-s/
I'd be embarassed, Edition. If you really believe what is written, you are lost!

Last edited by horn78; 05-24-2012 at 10:35 PM.
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  #18  
Old 05-24-2012, 10:46 PM
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He gets credit for putting us in the recession and getting us out. Remarkable guy!
You aren't that blindly partisan, Dave. Come on now.
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Old 05-24-2012, 11:01 PM
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You aren't that blindly partisan, Dave. Come on now.
5 trillion dollars later and your guy is still fiscally conservative.
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Old 05-25-2012, 04:52 AM
scout3dave scout3dave is offline
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You aren't that blindly partisan, Dave. Come on now.
Your sarcasm meter needs adjusting.
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