Rex Nutting is correct when the Bush Fiscal Year is examined.

Nutting could not be more correct. President Obama inherited a disaster and when examined for whom it sincerely belongs, the spending is directly a result of the decisions and policies of the previous administration. The figure is from November 5, 2010.

Obama spending binge never happened (click here)

Rex Nutting

Commentary: Government outlays rising at slowest pace since 1950s

May 22, 2012|Rex Nutting, MarketWatch

...But it didn’t happen. Although there was a big stimulus bill under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.

Even hapless Herbert Hoover managed to increase spending more than Obama has....

The spending under President Obama has been carefully crafted to elevate the income for the Middle Class and grow the economy and it has worked. His spending has also filled in a larger than expected job loss during the 2009 collapse. No one knew the extent of the economic collapse until all the figures were in much later. So, while, at the time of the American Reinvestment and RECOVERY Act it was believed to reduce the then double digit unemployment rate to less than 8 percent; the knowledge of a much bigger impact was unknown. When realizing the unemployment rate is slightly more than 8% today, it can easily be said the Recovery Act attributed to Bush's fiscal year, achieved it goal.


The total spending under Bush's Fiscal year which would cover the collapse of 2008, was $200 billion of a bill the Right Wing Media likes to say would have been a pocket veto. It wasn't. The bill was on the President's desk when President Obama took the election from Mr. McCain. The bill was not vetoed and to say the bill was to be a pocket veto is a lie. If Bush wanted the bill vetoed, he knew he was leaving office and he should have vetoed it. The fact of the matter was, Bush didn't' know what to do with that bill. The economy was headed into oblivion and he didn't know if signing the bill would hurt or help. President Obama saw a benefit to the bill LEFT UNATTENDED by Bush and he signed it.


The other half of the $700 billion bailout (TARP) was accepted by Bush for the next President in case his bank cronies weren't finished with their bailout. Just that simple. Those monies were accessed while Bush was in office so to assign that to President Obama is an out right lie.


Then there was the Recovery Act. I defy anyone in the GOP to state it was never needed. Go ahead. Where is the recovery without the Recovery Act? It would have never happened and its impetus is directly that of the Bush Years. 


So, Mr. Nutting is correct and I congratulate him for coming to terms with the deception of the GOP. I appreciate it. I think the Democrats have called it "Pay-Go" for longer than President Obama was in office. As a matter of fact, "Pay-Go" was in effect during the Obama Senate years. "Pay-Go" was never theory, it was applied to the legislature of the Democrat's legislation. The spending occurs under Republicans and their feckless economies.