Obama: For Tax And Spend…Before He Was Against It

Obama the penny pincher?

Obama has been exposed in yet another blatant campaign lie.  This one wasn’t even really his fault.  Rex Nutting, a writer for the mainstream/yet left leaning Marketwatch prepared a chart that shows Obama hasn’t really grown spending all that much.  The administration quickly ran with it, putting the chart on their facebook page, and announcing that Obama was a model of fiscal restraint.

So how does this economist at Marketwatch, and now Obama and media reporters who can barely add two and two, come to figure out that Obama is so thrifty?  Simple.  Their percentages make one major assumption that makes the percentages meaningless.  Every dollar of spending in the first year of a President’s term is directly a result of the budget the previous President wrote.

To put it simply, the $787 billion dollar stimulus bill that Obama ran on, lobbied for, pushed through the Democrat super majorities in the House and Senate, and signed was actually spending that should be attributed to Bush.  Of course once you do that you have majorly inflated Bush’s spending and deflated Obama’s spending so that percentages make Obama look like a champ.  I’m not making this up.  This is actually what Rex Nutter did.  He also included 2013 in Obama’s figures even though Obama’s budget lost in the Senate something like 99-0.

The footnote is misleading. Nutter means only $140 billion of the Stimulus (the portion passed in October) is attributed to Obama.

Nutter should be fired, but who is going to fire him?  Journalists rely on people like Nutter to be the “experts”.  That way they don’t have to actually do any work.

“I was for tax and spend, before I was against it!”

Obama’s budget cuts the deficit by $4 trillion over the next ten years.  Of course, like Clinton’s last budget in office, it is simply words on a page that have absolutely no bearing on reality.  But nevermind the fact that $4 trillion over the next ten years wouldn’t cover Obama’s deficits for his first four years or that his numbers are probably about as accurate as the CBOs estimate of the costs of Obamacare.  Since when did Obama decide he was against tax and spend??

Obama, on the one year anniversary of what Nutter seems to think was Bush’s stimulus, praised the stimulus package as having saved us from another great depression.  So shouldn’t we be thanking Bush?  While Obama has been running as a tax cutting President who pinches pennies on his facebook page, just a couple weeks ago he re-affirmed his tax and spend stance in the upcoming debt ceiling debate.  Obama went from tax and spend, to proud tax cutting President when he was forced to extend the Bush tax cuts, to tax and spend when the debt ceiling debate rolled around again, and back to tax cutting for the 2012 election.  Even John Kerry was more consistent.

Biting the hand that feeds them

It is not coming up all roses for the Obama propaganda machine.  Obama is betting the farm on a populist attack against Bain Capital where Romney used to work.  But the Left has been heavily funded by private equity, and most private equity companies didn’t get the memo about Obama just saying whatever it takes to get elected.  Some of them are actually getting offended by the attacks.

Democrats are getting nervous too.  Apparently not every Democrat feels comfortable biting the hand that feeds them.  But what else does Obama have to attack Romney on other than the fact that he is successful and the “independent” liberal voting base is anti-success?

The attack on Bain is dubious anyway.  As a venture capital company, they may have had lots of layoffs on their watch in order to fix businesses, but Obama has seen 2.5 million net jobs lost on his watch.  Actually, let me borrow some Obama math and accuracy and adjust that number to 6.7 million jobs lost.  After all, if the net loss is 2.5 million, but Obama claims he added 4.2 million, then shouldn’t we be using the total jobs lost figure instead of the net?  Just trying to be consistent, Mr. President.

Obama is running as a conservative while acting like a liberal.  When conservatives force his hand, he is happy to take credit for the results.  When liberalism fails, he is happy to pass the buck to Congress or the previous administration.  He will say or do whatever it takes to win re-election and cannot be trusted.

Romney MIA for Pro-Life Forum

Romney is playing it safe, taking advantage of the luxury of his front runner status.  Part of that means skipping tonight’s Pro-Life forum in SC.  Romney’s hubris is not unfounded.  As Social Conservatives split for Santorum and Gingrich, Romney is set to take another state with well under 50% of the vote.

Romney should be careful.  His support base includes many conservatives who are voting for him because he is the presumed nominee and they believe he can beat Obama.  So why didn’t they support Huntsman?  Because Huntsman was not a conservative on certain key issues that are non-negotiables for conservatives.  Romney is…or is he?

Romney has a history of running on both pro-life and pro-abortion platforms.  Politicians have a long established practice of flip flopping and pandering, so Romney is not doing anything radical by changing his position.  What sunk John Kerry wasn’t his flip flopping, it was the position he landed on.  Romney himself has done well landing in a solid pro-life position.  So why won’t he show up tonight?  This question is not one Romney should want conservatives asking themselves going into South Carolina.  It will be even worse if anyone on that stage mentions his absence.

Romney is coming fresh off another uncharacteristic campaign gaffe where he said he probably pays taxes at 15% (referring to his capital gains taxes on investments).  Romney failed to mention that his investment money is first subject to corporate tax rates of up to 35%.  In fact, if Romney were to add up his capital gains tax of 15% and corporate tax of 35%, the result would be much higher than Obama’s 23% income tax rate paid in 2010.  In fact, the Buffet induced myth of CEOs paying less than their secretaries is pretty ridiculous when you consider that Romney could probably have paid Obama’s entire income (including book sales) for 2010 with the taxes he paid.  But instead, Romney shot from the hip and wound up with a tax rate estimate of 15%.

One thing is for sure, this race is still far to volatile for Romney to think he can sit tonight’s debate out.  It may not be a huge mistake, but it is a mistake.  We will see if it affects him.

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