Sunday, June 3, 2012

Does Obama not know how much he’s spending? | The Daily Caller


Today’s NYT campaign notebook has Obama sluicing the controversial Nutting Marketwatch chart straight off the Internet into a campaign speech, in which he proclaims “Since I’ve been president, federal spending has risen at the lowest pace in nearly 60 years.” (The exact sequence seems to be Nutting’s keyboard to Web to Carney to Obama to the world.) Obama’s instantaneous embrace of Nutting’s chart–a calculation so absurd even Ezra Klein tried to change the subject, since (among other things) it attributes all but $140 billion of increased 2009 spending most of Obama’s $800+ billion stimulus to Bush, while giving Obama credit for the repayment of Bush’s TARP loans***–raises an interesting pair of possibilities:

a) Does Obama really not have an intuitive feeling for how much he’s been spending? That’s a little like not remembering how much sex you’re having. He’s the one doing the spending, after all. Even if he wasn’t, you’d think an ordinary BS detector would kick in. It’s one thing to expect MSNBC viewers to be credulous. It’s another thing …


b) Obama doesn’t care if it’s BS as long as it might work.**

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Does Obama not know how much he’s spending? | The Daily Caller

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