Memo to the Media: Obama is a Spendthrift—And Here’s the Proof – Investors.com

In fact, it’s because of the unique nature of TARP and the Fannie/Freddie bailouts that the CBO counted them separately in its Monthly Budget Review reports (http://cbo.gov/sites/default/files/cbofiles/attachments/2011_Nov_MBR. pdf) — something Nutting apparently never bothered to check when putting together his bogus chart.

Just how much of a difference does this make?

Nutting says spending under Bush shot up 17.9% between 2008 and 2009.

But when you subtract the effects of TARP, the Fannie/Freddie bailouts as well as the $115 billion in stimulus money Obama added in 2009, that figure drops to 6%.

via Memo to the Media: Obama is a Spendthrift—And Here’s the Proof – Investors.com.

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