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Three Charts to Send to Your Right-Wing Relatives, Guaranteed to Make Their Heads Spin

We'll be in real trouble if we go back to the Bush administration's economic policies.
 
 
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Problem: Your right-wing relative is plugged into the Fox-Limbaugh lie machine, and keeps sending you emails about “Obama spending” and “Obama deficits” and how the “stimulus” just made things worse.

Solution: Here are three “reality-based” charts to send to him. These charts show what actually happened.

Spending

Bush vs. Obama in spending.

Government spending increased dramatically under President Bush. It has not increased much under President Obama. This is just a fact.

Deficits

Bush vs. Obama in deficit

Note that this chart starts with Clinton’s last budget year for comparison.

The numbers in these two charts come from Budget of the United States Government: Historical Tables Fiscal Year 2015. They are just the amounts that the government spent and borrowed, period, Anyone can go look them up. People who claim that Obama “tripled the deficit” or increased it or anything of the sort are either misled or are trying to mislead. President Obama inherited a budget deficit of $1.4 trillion from President Bush’s last budget year and annual budget deficits have gone down dramatically since.

The Stimulus and Jobs

Bush vs. Obama: Monthly Change in Private Employment

In this chart, the RED lines on the left side – the ones that keep doing DOWN – show what happened to jobs under the policies of Bush and the Republicans. We were losing lots and lots of jobs every month, and it was getting worse and worse. The BLUE lines – the ones that just go UP – show what happened to jobs when the stimulus was in effect. We stopped losing jobs and started gaining jobs, and it was getting better and better.

The leveling off on the right side of the chart shows what happened as the stimulus started to wind down: job creation leveled off at too low a level.

It looks a lot like the stimulus reversed what was going on before the stimulus. We have gone from losing around 850,000 jobs a month to gaining over 200,000 jobs a month.

Conclusion: THE STIMULUS WORKED BUT WAS NOT ENOUGH!

More False Things

These are just three of the false things that everyone “knows” because places like Fox News repeat them over and over and over. Some others are ( click through): Obama bailed out the banks, businesses will hire if they get tax cuts, healthcare reform cost $1 trillion, Social Security is a Ponzi Scheme or is “going broke”, tax cuts grow the economy, government spending “ takes money out of the economy.”

Actually, This Reduced Spending And Lower Deficit Have Hurt The Economy

Government spending is literally, by definition, the things that government does to make our lives better. People have been tricked into thinking that government spending is somehow bad. The billionaires and giant corporations spread this nonsense around because they are greedy and just want their taxes lower. The top income tax rate used to be more than 90 percent and the top corporate tax rate used to be more than 50 percent. That was back when we built this country’s great infrastructure, had good schools and defended the world against the Soviet Union. We also had higher economic growth and a growing middle class.

Government spending does not “take money out of the economy.” In fact it puts money into the economy, creates jobs and lays the foundation for future prosperity. The decline in government spending shown in the charts above is the reason that the economy remains sluggish and jobs are still hard to get. Just look at that chart showing what the stimulus spending did for the job situation. But since the stimulus ended, Republicans have obstructed every effort to continue to use our government to help our economy.

 
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