Irate Dog

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Creative Accounting
May 24th, 2012

Howling at the Moon
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If you can't run with the big dogs...stay on the porch.

It's the land of the free...
BECAUSE of the brave.

times.

Woof! Woof!
Curb your comments

   I know, it’s been awhile since the Dog’s last post.   That’s due to a variety of
reasons, most of which concern a critical “honey-do” list that never seems to
shorten – no matter how many individual items are completed.

   But it’s also due to the Dog’s inability to wrap his brain around the volumes of
absolute insanity gushing from the liberal main stream media.

   This may shock some of you, but, I have to thank PMSNBC for bringing me out of
my coma.   Specifically, Chris Matthews, Rachel Maddow and Ed Schultz for their
riveting coverage that "Federal spending under President Obummer is at historic
lows.”

   Yes.   You read that correctly.

   Our National Debt is up $5 trillion dollars since Obummer took office; the federal
government has wasted billions of borrowed money on “green” energy companies
like Solyndra; and, Obummercare is poised to add trillions more – but suddenly
Obummer is “fiscally responsible”?

   Ed Schultz claimed a chart prepared by the liberal group MarketWatch exposed
"the big myth" about Obummer's spending: "This chart -- the truth -- very clearly
shows the truth undoubtedly." And the truth was, the "growth in spending under
President Obummer is the slowest out of the last five presidents."    Schultz also said
that the "part of the chart representing President Obummer's term includes a
stimulus package, too."   Schultz's guest, liberal columnist David Johnston
confirmed: "Clearly, Obummer has been incredibly tight-fisted as a president."

   On the Rachel Maddow show, Rachel proudly proclaimed that "Factually
speaking, spending has leveled off under President Obummer. Spending is not
skyrocketing under President Obummer. Spending is flattening out under President
Obummer."

   And, Chris Matthews even managed to keep a straight face when he repeated the
"fact" that Barack Obummer is "not" a "reckless spender."   Matthews insisted that
"federal spending is rising at the slowest rate" in 60 years. "For four years, from
fiscal year '09 through fiscal year '13, we are heading into, no change."

   The problem with all of this is, of course, that none of it’s true.

   The MarketWatch analysis is seriously flawed.   Anyone with a 3rd grade
education can see it clearly.   It only works if –wait for it, wait for it- you BLAME
GEORGE BUSH!   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.   (By the
way, exactly how many budgets have been passed during Obummer's first four
years? One, ... um, ... one .... uh, what comes after one?)

   James Pethokoukis of the American Enterprise Institute points out, that the chart
by MarketWatch's Rex Nutting assigns all spending for 2009 to George W. Bush –
NOT Obummer. So, the $825 billion stimulus bill, proposed, lobbied for, signed and
spent by Obummer on all of those “shovel-ready” projects, goes in ... Bush's column.

   Never mind the fact that Obummer didn't come in and live with the budget Bush
had approved. Never mind the fact that he immediately signed off on enormous
spending programs that had been specifically rejected by Bush. (Including a $410
billion spending bill that Bush had refused to sign before he left office but that
Obummer signed on March 10, 2009.)   Never mind that Bush had been chopping
brush in Texas for two months at that point - Marketwatch's Nutting says that's Bush's
spending.

   Obummer 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
never mind the fact that on Jan. 12, 2009, Obummer asked Bush to release the
remaining TARP funds for Obummer to spend as soon as he took office. By Oct. 1,
Obummer had spent another $200 billion in TARP money. That, too, gets credited to
Bush, according to the creative accounting of Rex Nutting.

   There are other spending bills that Obummer 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 spending bills are all Bush’s fault,
too.

   Liberals massage and hide numbers and then proclaim them to be black and
white facts. So whenever a liberal says "It's a fact" or "The fact of the matter is" you
can be sure that what comes next is right out of his or her imagination.

" We sleep safe in our beds
because rough men stand ready
in the night to visit violence on
those who would do us harm. "

--- George Orwell

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