Editor’s Note – SUA has been stating this fact over and over – who do you believe? The numbers game is not a game anymore. The media and the left twist everything. Then the talking heads race with it – and the common citizen has no way of knowing the voracity of the numbers.
Its all political – say and do anything to get re-elected, lies are now fair game, and the media not only fails to call them out on these lies, they add to them.
In Rex Nutting’s case, he just re-writes history. Apparently Obama did not take over as President in January of 2009, he waited until October of 2009. That’s like lining up for a field goal from 60 yards, and the referees move the goal post up to make it a 25 yard chip shot. There is ZERO that we can trust coming from this administration and the MSM.
Numbers don’t lie, but Democrats do
By Ann Coulter – Daily Caller
The theory is that a new president is stuck with the budget of his predecessor, so the entire 2009 fiscal year should be attributed to Bush.
But Obama didn’t come in and live with the budget Bush had approved. He immediately signed off on enormous spending programs that had been specifically rejected by Bush. This included a $410 billion spending bill that Bush had refused to sign before he left office. Obama signed it on March 10, 2009. Bush had been chopping brush in Texas for two months at that point. Marketwatch’s Nutting says that’s Bush’s spending.
Obama also spent the second half of the Troubled Asset Relief Fund (TARP). These were discretionary funds meant to prevent a market meltdown after Lehman Brothers collapsed. By the end of 2008, it was clear the panic had passed, and Bush announced that he wouldn’t need to spend the second half of the TARP money.
But on Jan. 12, 2009, Obama asked Bush to release the remaining TARP funds for Obama to spend as soon as he took office. By Oct. 1, Obama had spent another $200 billion in TARP money. That, too, gets credited to Bush, according to the creative accounting of Rex Nutting.
Here are Rex Nutting’s numbers as posted at Market Watch:
Here are the facts, according to the official government statistics:
- In the 2009 fiscal year — the last of George W. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion. Check the official numbers at the Office of Management and Budget.
- In fiscal 2010 — the first budget under Obama — spending fell 1.8% to $3.46 trillion.
- In fiscal 2011, spending rose 4.3% to $3.60 trillion.
- In fiscal 2012, spending is set to rise 0.7% to $3.63 trillion, according to the Congressional Budget Office’s estimate of the budget that was agreed to last August.
- Finally in fiscal 2013 — the final budget of Obama’s term — spending is scheduled to fall 1.3% to $3.58 trillion. Read the CBO’s latest budget outlook.
There are other spending bills that Obama signed in the first quarter of his presidency, bills that would be considered massive under any other president — such as the $40 billion child health care bill, which extended coverage to immigrants as well as millions of additional Americans. These, too, are called Bush’s spending.
Frustrated that he can’t shift all of Obama’s spending to Bush, Nutting also lowballs the spending estimates during the later Obama years. For example, although he claims to be using the White House’s numbers, the White House’s estimate for 2012 spending is $3.795 trillion. Nutting helpfully knocks that down to $3.63 trillion.
But all those errors pale in comparison to Nutting’s counting Obama’s nine-month spending binge as Bush’s spending.
If liberals will attribute Obama’s trillion-dollar stimulus bill to Bush, what won’t they do?
Ann Coulter is an author and political commentator.