Sarah Palin may be a hockey mom but Obama has the hockey sticks.

Super Economy Blog and Greg Mankiw

Federal non-defense spending soars under Obama.
Super Economy reported, via Free Republic:

for the first time in history U.S debt was downgraded. The Left still denies that President Obama has a lot of responsibility for this situation, instead laying blame on Republican refusal to raise taxes on the rich.

As I have written previously, it is dishonest to give voters the impression that tax increases on the rich is a solution to the deficit. In the latest projection by the Congressional Budget Office, the ten year deficit is estimated at 13 trillion dollars. By contrast, Obama’s various tax increases on the rich will only bring in 1 trillion in the same period.

The 13 trillion dollar deficit which the President helped create and long terms entitlement deficits are the main reason why S&P downgraded U.S debt, not the 1 trillion in tax increases which Republicans prevented…

…Let me illustrate how much of a departure from history the Obama Presidency represents in terms of spending. I will graph non-defense federal spending as a share of GDP since 1975.

That’s not all…
The long-term unemployment rate under Obama also forms a hockey stick.

(EOAD)

And don’t forget… The deficit under Obama also looks like a hockey stick.
Obama tripled the deficit when he came into office.

The Obama deficit this year is expected to reach $1.29 trillion. (The Captain’s Comments)

 

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  1. Awesome chart. .tells the story so well. .why don’t Republicans show this?

    Another reason debt downgraded is spending is out of line with a declining and stalled economy. . .

    Fo an interesting look as to why the “gears of the economy” and not turning but are stuck. . see this piece from Michelle Malkin, who is always on her game

    http://michellemalkin.com/2011/08/07/government-logo-fail-of-the-day/

  2. Well, regardless of who is to blame, and there is enough to go around, this president is the first in my memory who has accepted none of it. Not one tiny bit. America has now seen the not only the first black president, but because of him perhaps the last black president and the FIRST who is will not be held responsible for anything during his regime.

  3. He’s our first black socialist. First black narcissist.

    First black hater of America. First black liar.

    First black Muslim president. Fist black Keynesian.

    First black democrat president.

    Lots of firsts, any of them positive?

    Powder is dry

  4. MC…you forgot first black president riding on ghetto one… :)

  5. A note on Obama and his wife from an ex-SS agent.

    http://www.youtube.com/watch?v=e5INFAuM1xI&feature=youtube_gdata_player

  6. Is there such a thing as a FRAUD-CEILING? http://www.BirtherReport.com

  7. Unlike Michael Mann’s glowbull warming hockey stick, the ones shown here reflect reality.

  8. He may own that hockey stick, but he bought it on my credit card, and I’d like it back before he charges any more useless crap on it.

  9. HIDE THE DECLINE

  10. He ordered companies to start hiring again. What more could he possibly do?

  11. Obama has done his level best to

    Destroy America’s economy.

    Clear and present danger, Obama

    The Master of desaster.

    Powder is dry

  12. Obama tripled the deficit when he came into office?
    http://www.cato.org/pub_display.php?pub_id=11094
    “But many critics, either out of ignorance or malice, are blaming Obama for deficits that are not his fault.”

  13. OT – there have been riots in London, ostensibly over an exchange of gunfire that left a man dead, and the newspaper did not carry the dead man’s name. I looked it up, it was Mark Duggan. Roundup, here.

    http://www.dailymail.co.uk/news/article-2023254/Tottenham-riot-Mark-Duggan-shooting-sparked-police-beating-girl.html

    Tottenham had riots in 1985, as well. Lots of pictures.

    This looks like a Clockwork Orange scenario, but take a look at the pictures of the “rioters.” This is likely to be a long-standing problem, a situation that was just waiting to break.

  14. 1/20/2013: End of a Rolling Disaster

  15. ++

    libtard #14

    pardon me, but that report is from 2009,, it’s 2011..

    [That having been said, Obama has been serving up softballs to the special interests in Washington, so his earned run average may actually wind up being worse than his predecessor's. He promised change, but it appears that Obama wants to be Bush on steroids.]

    got an update??

    when is it appropriate for Obama to stop passing the bUCK/bLAME,
    2012?? 2016?? when does he act presidential, ergo, responsible??

    ==

  16. Instead of a hockey stick, it resembles a putter. So does he.

  17. These are the graphs that should be the foundation for the election. These graphs are “radical.”

    The New York Times (and several Democratic politicians who should be named) have said that the Tea Parties are “radical.” That’s not so. The Democratic budget disaster is “radical.”

    Look at what they have done. This is “radical.”

    This could be the bases for an entire series of campaign commercials.

  18. Ian commented:
    Instead of a hockey stick, it resembles a putter pooter. So does he.

    FTFY!



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