[TheRealVille]

George H had a saying I liked, "Been there, done that." I've seen left wing nut fiscal policy in place before. That was during the Jimmy Carter era and for anybody who was trying to run a household, those were some very rough days for bread winners. I also had the privilege of seeing Ronald Reagan come in and deliver America from the scourge of the Keynesian experiment headed up the Carter Administration. You and vector have yourself a nice laugh between you, because nobody else on here is goofy enough to buy into it.

Under Carter, William G Miller became Chairman of the Federal Reserve. He didn't have the courage to go with the level of quantitative easing we have seen during the Obama era and failed to prop up the dollar to any extent. The dollar fell dramatically against the yen and the mark and the result was called 'stagflation'. Stagnant wages and inflation caused the misery index to peg.

These days liberals have learned better thus open ended quantitative easing has spared the stock market. Not so with wages and growth though, and that's why so many were upset with the president for anteing up only a one trillion dollar stimulus, fearing a decline similar to that of Jimmy Carter. Wages are stagnant and taxes are up. That along with over 18 trillion in debt assures us that everybody, will at some point face the financial piper. ObamaCare is every bit the bust predicted, and although a healthy stock market is better than a crashing stock market, I believe the predicted 'correction' may yet cause more grief than most are prepared to deal with.

So,.... the economy is worse now than when Obama took office? Tell us. The numbers say that you guys are running out of lies to explain how "bad" the economy is. Like I said, tell your bullshit to someone that hasn't turned a pretty good profit this year in the stock market, plus a very good wage. :biglmao:

Who Is The Smallest Government Spender Since Eisenhower? Would You Believe It's Barack Obama?

It’s enough to make even the most ardent Obama cynic scratch his head in confusion.

Amidst all the cries of Barack Obama being the most prolific big government spender the nation has ever suffered, Marketwatch is reporting that our president has actually been tighter with a buck than any United States president since Dwight D. Eisenhower.

Who knew?
[Image: http://b-i.forbesimg.com/rickungar/files...2_ME11.jpg]


So, how have the Republicans managed to persuade Americans to buy into the whole “Obama as big spender” narrative?

It might have something to do with the first year of the Obama presidency where the federal budget increased a whopping 17.9% —going from $2.98 trillion to $3.52 trillion. I’ll bet you think that this is the result of the Obama sponsored stimulus plan that is so frequently vilified by the conservatives…but you would be wrong.

The first year of any incoming president term is saddled—for better or for worse—with the budget set by the president whom immediately precedes the new occupant of the White House. Indeed, not only was the 2009 budget the property of George W. Bush—and passed by the 2008 Congress—it was in effect four months before Barack Obama took the oath of office.

Accordingly, the first budget that can be blamed on our current president began in 2010 with the budgets running through and including including fiscal year 2013 standing as charges on the Obama account, even if a President Willard M. Romney takes over the office on January 20, 2013.

So, how do the actual Obama annual budgets look?

Courtesy of Marketwatch-

In fiscal 2010 (the first Obama budget) 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.
No doubt, many will wish to give the credit to the efforts of the GOP controlled House of Representatives. That’s fine if that’s what works for you.


However, you don’t get to have it both ways. Credit whom you will, but if you are truly interested in a fair analysis of the Obama years to date—at least when it comes to spending—you’re going to have to acknowledge that under the Obama watch, even President Reagan would have to give our current president a thumbs up when it comes to his record for stretching a dollar.

http://www.forbes.com/sites/rickungar/20...ack-obama/



[Image: https://scontent-a-lga.xx.fbcdn.net/hpho...e=55461104]