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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: ChinuSFO who wrote (124699)10/22/2012 3:28:49 PM
From: Joe NYC  Read Replies (1) | Respond to of 149317
 
I don't have to go to left wing sites to get news in order to form my opinion. Look at the graph you provided. The spending was going up since 2000 and it shot up since 2006. Look at the spending during the Clinton years.

Things nearly perfect, fiscally, from 1994 to 2000, with spending going down as % of GDP, hitting 19% of GDP at the peak of the DotCom bubble. After the bubble burst, 9/11, wars, it went up to above 20%. All within the norm we have been accustomed to for 30 years prior.

The time when things broke down was in 2009, when it became clear that TARP was not a one time thing, that it would be the new norm: Level of spending (25% of GDP) not seen since WWII (Total War). It has persisted ever since.

From the graph I don't see where I was wrong with my earlier post.

You went wrong when you linked the Tea Party to the birth certificate controversy (which was promoted originally by one of Hillary's henchmen as far back as 2007 IIRC), rather than the spending, bailout, stimulus orgy of 2009 - when the Tea Party originated.

And it seems that you did not have the correct proportion of spending increases under Bush vs. spending increases under Obama.