Friday, May 25, 2012

If Anti-American Conservatives James Pethokoukis and Ann Coulter Used Their Math at NASA All Missions Would Crash and Burn




















If Anti-American Conservatives James Pethokoukis and Ann Coulter Used Their Math at NASA All Missions Would Crash and Burn

I was late to the excellent MarketWatch story debunking the notion that President Obama’s been on a spending binge; I spent most of Tuesday traveling. But after my “Hardball” segment on it Wednesday, Ann Coulter tweeted: “Joan Walsh says that Marketwatch chart is ‘unbelievable’! Why yes it is, in the sense of being untrue.” That’s when I saw that there was shrill but lame GOP pushback on Rex Nutting’s excellent story, from both Coulter and the American Enterprise Institute’s James Pethokoukis. I don’t normally reply to Coulter’s right-wing delusions — I haven’t written a column about her in five years – but since I think Nutting’s findings are a crucial corrective to GOP lying, I wasted my Wednesday night trying to understand the GOP attempt to discredit him. You’re welcome.

Coulter admits she relies on Pethokoukis, so let’s go directly to the source. To recap, Nutting crunched Office of Management and Budget and Congressional Budget Office numbers to find that under Obama, spending has risen at an annualized rate of 1.4 percent, less than any president since Dwight Eisenhower. It jumped 8.1 percent in the last three years of the George W. Bush presidency, and in fiscal year 2009, for which Bush approved the budget, it jumped 17.9 percent. But Bush isn’t the most profligate Republican: Ronald Reagan increased spending an average of 8.7 percent in his first term.

Pethokoukis quarrels with Nutting’s assigning Bush’s budget to Bush, because “Obama chose not to reverse that elevated level of spending; thus he, along with congressional Democrats, are responsible for it.” Exactly how one president undoes the spending approved by another president under a different Congress goes unexplained. The AEI pundit also argues that we should look at federal spending as a percent of GDP, and he notes that’s gone up under Obama, attempting to prove that Nutting is mistaken – but that’s a useless metric during a recession, which by definition shrinks GDP.

Coulter goes even further (of course). “It turns out Rex Nutting, author of the phony Marketwatch chart, attributes all spending during Obama’s entire first year, up to Oct. 1, to President Bush.” (The italics are in the original; they’re where the good writing is supposed to be.) She continues: “That means, for example, the $825 billion stimulus bill, proposed, lobbied for, signed and spent by Obama, goes in … Bush’s column.”

Shockingly, Coulter is … wrong. First of all, only about $120 billion of the stimulus was spent in fiscal year 2009 – and Nutting counted it in Obama’s column.

 Why do conservatives lie so often and so blatantly without the slightest regard for values like integrity. because they cannot win arguments if they have to stick to the facts. Bush 43 started his presidency with a federal surplus. he ran up the largest spending spree in US history. Conservative Republicans who ran all three branches of government for 6 of those years made no attempt to pay for their spending. Then they crashed the economy (conservatives and Wall Street  crashed the economy, not Freddie Mac or Fannie May).

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