It's been breaking news all over MSNBC, liberal blogs, newspapers and even The Wall Street Journal: "Federal spending under Obama at historic lows ... It's clear that Obama has been the most fiscally moderate president we've had in 60 years." There's even a chart!
I'll pause here to give you a moment to mop up the coffee on your keyboard. Good? OK, moving on ...
This shocker led to around-the-clock smirk fests on MSNBC. As with all bogus social science from the left, liberals hide the numbers and proclaim: It's "science"! This is black and white, inarguable, and why do Republicans refuse to believe facts?
Ed Schultz claimed the chart exposed "the big myth" about Obama's spending: "This chart -- the truth -- very clearly shows the truth undoubtedly." And the truth was, the "growth in spending under President Obama is the slowest out of the last five presidents."
Note that Schultz also said that the "part of the chart representing President Obama's term includes a stimulus package, too." As we shall see, that is a big, fat lie.
Schultz's guest, Reuters columnist David Cay Johnston confirmed: "And clearly, Obama has been incredibly tight-fisted as a president."
Everybody's keyboard OK?
On her show, Rachel Maddow proclaimed: "Factually speaking, spending has leveled off under President Obama. Spending is not skyrocketing under President Obama. Spending is flattening out under President Obama."
In response, three writers from "The Daily Show" said, "We'll never top that line," and quit.
Inasmuch as this is obviously preposterous, I checked with John Lott, one of the nation's premier economists and author of the magnificent new book with Grover Norquist: Debacle: Obama's War on Jobs and Growth and What We Can Do Now to Regain Our Future.
(I'm reviewing it soon, but you should start without me.)
It turns out Rex Nutting, author of the phony Marketwatch chart, i>attributes all spending during Obama's entire first year, up to Oct. 1, to President Bush.
That's not a joke.
That means, for example, the $825 billion stimulus bill, proposed, lobbied for, signed and spent by Obama, goes in ... Bush's column. (And if we attribute all of Bush's spending for the Iraq and Afghanistan wars and No Child Left Behind to William Howard Taft, Bush didn't spend much either.)