by kendell » Wed Jul 25, 2012 6:55 pm
Like most Americans, I realize the problems facing America are almost entirely the result of mismanagement under conservative president George Walker Bush.
I also realize that Obama's performance over the last 3.5 years has been very strong. He stopped 4 million jobs from leaving the country, he reformed the financial system, he reformed healthcare, and under Obama federal spending has grown at the slowest rate in the last 60 years.
Yes, you heard that right. Despite Romney's claims that Obama has spent at a level that's unparalleled in presidential history, Obama's spending is actually the LOWEST of any modern president except Eisenhower.
Edit: Your numbers are wrong. Federal spending jumped 17.9% in 2009 - the last year Bush approved the budget — but fell by 1.8 percent under Obama's first budget, rose by 4.3 percent and 0.7 percent in his next two years, and is scheduled to fall again, by 1.3 percent, in fiscal 2013.
Obama did add $140 billion in stimulus spending that year, but over the four years that Obama actively shaped the budget, spending is on track to go from $3.52 trillion to $3.58 trillion. Adjusting for inflation, that amounts to an average 1.4 percent annual decrease.