“The BGOV Barometer shows that, over the five decades since John F. Kennedy was inaugurated, $1,000 invested in a hypothetical fund that tracks the Standard & Poorâ€™s 500 Index (SPX) only when Democrats are in the White House would have been worth $10,920 at the close of trading yesterday.
Thatâ€™s more than nine times the dollar return an investor would have realized from following a similar strategy during Republican administrations. A $1,000 stake invested in a fund that followed the S&P 500 under Republican presidents, starting with Richard Nixon, would have grown to $2,087 on the day George W. Bush left office.”
Is this is what MSNBC produces, what value do they have?
Obama’s TOTAL spending is 1.4 trillion (more than half of that from the stimulus).
That is 6% of our debt.
Jansing here, the worthless biatch, lets grover claim Obama’s spent 6 trillion.
Repeating the VERY COMMON conservative “trick” of blaming Obama for republican spending.
That is based on a quick calculation of Obama’s 1.4 trillion, divided by our total debt.
Clinton didn’t add to our debt.
and the debt prior to reagan was small.
So yeah – its a quick calculation.
Here’s someone who basically agrees.
“Republicans blame the “Democratic Congress” for their debt increases. The trouble is that Congress was only Democratic 8 out of the 20 years, and in those 8 years, on average, Congress passed smaller budgets than the Republican presidents requested. The specifics are all right here: It Was the Republicans.”
Grand Total Reagan-Bushes Debt: $12 trillion (as of Sept. 30, 2010).
and more about the calculation can be found here
Every democrat brings the deficit down, other than Roosevelt (dealing with the great depression) and Obama, dealing with the great recession.
For those of you slow cons who believe the bush deficit were real, add up his deficits and the interest. The amount added to the debt is a LOT bigger. Its because the bush deficits were lies.
Conservatives are fucking stupid.
Sorry – if you won’t do any research on your own and you can’t make sense of the simple charts here – you’re a dumb bagger.
“House GOP Declares Unanimously: Bush Tax Cuts Did Not Blow Up The Budget”
That’s like painting a big “THERE’S NOBODY DUMBER THAN ME!!!” sign on your head, republicans.
but then, that statement is probably true.
Repubulicans in the House were trying to pass a bill that would change the “way neutral budget score-keepers analyze the effects of taxation, to make it appear as if unpaid-for tax cuts don’t deepen deficits.”
They want to hide the cost of tax cuts (reduction in revenue), like they hid the cost of the bush wars.
In that manner they can AGAIN build a HUGE deficit, which they can again try to blame on democrats, despite reality.
Then they can AGAIN claim “we can’t afford these middle class programs, or programs for our poorest”.
If I believed in the concept of evil (I do believe in the concept of greedy turds), republicans would get that label.
Eff you lots.