November 13, 2009
-- by Dave Johnson
Bush's last budget year wrapped up last month, leaving us a deficit of over $1.4 trillion. But everyone blames Obama because the right's noise machine has repeated over and over that Obama is "spending" -- and no one shows up to explain the truth.
A New York times analysis of this deficit reported,
Mr. Obama’s main contribution to the deficit is his extension of several Bush policies, like the Iraq war and tax cuts for households making less than $250,000. Such policies — together with the Wall Street bailout, which was signed by Mr. Bush and supported by Mr. Obama — account for 20 percent of the swing.
About 7 percent comes from the stimulus bill that Mr. Obama signed in February. And only 3 percent comes from Mr. Obama’s agenda on health care, education, energy and other areas.
Only 7 percent of the deficit comes from Obama's stimulus, which was made necessary by conservative policies.
Even so, conservative outlets like
Drudge Report Politico repeat the propaganda. Politico, for example writes this today, After spending binge, White House says it will focus on deficits,
On the practical side, Obama has spent more money on new programs in nine months than Bill Clinton did in eight years, pushing the annual deficit to $1.4 trillion. This leaves little room for big spending initiatives.Thsi is just a lie, and these are smart people who know this is just a lie. But they also know it doesn't matter. What they can get the public to believe is what matters.
Posted by Dave Johnson at November 13, 2009 3:20 PM
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