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Market Watch, The Wall Street Journal

By Rex Nutting, MarketWatch

May 22, 2012, 12:01 a.m. EDT

WASHINGTON (MarketWatch) — Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree.

As would-be president Mitt Romney tells it: “I will lead us out of this debt and spending inferno.”

Almost everyone believes that Obama has presided over a massive increase in federal spending, an “inferno” of spending that threatens our jobs, our businesses and our children’s future. Even Democrats seem to think it’s true.

But it didn’t happen. Although there was a big stimulus bill under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.

Even hapless Herbert Hoover managed to increase spending more than Obama has.

Here are the facts, according to the official government statistics:

In the 2009 fiscal year — the last of George W. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion. Check the official numbers at the Office of Management and Budget.

In fiscal 2010 — the first budget under Obama — spending fell 1.8% to $3.46 trillion.

In fiscal 2011, spending rose 4.3% to $3.60 trillion.

In fiscal 2012, spending is set to rise 0.7% to $3.63 trillion, according to the Congressional Budget Office’s estimate of the budget that was agreed to last August.

Finally in fiscal 2013 — the final budget of Obama’s term — spending is scheduled to fall 1.3% to $3.58 trillion. Read the CBO’s latest budget outlook.

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The New York Times
By Jr.
Published: May 11, 2012

WASHINGTON —Mitt Romney’s recent declaration that Russia is America’s top geopolitical adversary drew raised eyebrows and worse from many Democrats, some Republicans and the Russians themselves, all of whom suggested that Mr. Romney was misguidedly stuck in a cold war mind-set.

But his statement was not off the cuff — and it was not the first time Mr. Romney had stirred debate over his hawkish views on Russia. Interviews with Republican foreign policy experts close to his campaign and his writings on the subject show that his stance toward Russia reflects a broader foreign policy view that gives great weight to economic power and control of natural resources. It also exhibits Mr. Romney’s confidence that his private-sector experience would make him a better negotiator on national security issues than President Obama has been.

Mr. Romney’s views on Russia have set off disagreements among some of his foreign policy advisers. They put him in sync with the more conservative members of his party in Congress, who have similarly criticized Mr. Obama as being too accommodating to Russia, and generally reflect the posture of some neoconservatives.

But they have frequently put him at odds with members of the Republican foreign policy establishment, like Senator Richard G. Lugar of Indiana, who was defeated in a primary this week, and the party’s shrinking band of foreign policy “realists” — those who advocate a less ideological and more pragmatic view of relations with rival powers.

The Romney campaign has been critical of Mr. Obama’s record and positions on a variety of national security issues, including containing Iran’s nuclear ambitions and confronting China’s rise. But many of the positions taken by Mr. Romney, the presumptive Republican presidential nominee, have either been vague or not fundamentally different from those of the administration.

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Addicting Info- February 3, 2012

By

A day after Mitt “Moneybags” Romney stated his lack of concern for the economically disadvantaged (an old school Republican touchstone), President Obama shot back by finally using the right-wing’s bullets against them.  Despite constantly being smeared as a secret Muslim, Barack Obama in fact subscribes to Christianity.  Today’s perverse version of Christianity typically refers to super rich, white proselytizers who flagrantly manipulate the pure teachings of Jesus and spew bilious hatred towards gays, women, single moms, blacks, and the poor and middle-class. It also tends to refer to making a bunch of bombs to kill a bunch of Middle Easterners so that some  defense contactor can continue to eat caviar.  So it’s only natural for thinking people to stay within 100 yards of it. But, much like everything else under the sun, the Republicans love co-opting it blatantly injecting it into politics in order to claim higher ground.

Former president Bush, a simple-minded lummox with virtually nothing to offer other than his ability to relate to even dumber people, understood that invoking Jesus’ name would guarantee universal support of his hawkish foreign policy no matter how severely flawed and unreasonable it may have been.  For that reason, I have been constantly saying that President Obama should put on his best decider face, hold a press conference on the white house lawn, and state that his good homeboy JC told him that he should return taxes on the highest earners to the levels during the Clinton era. But that’s not the style of the guy of the president who sings Al Green.

During the National Prayer Breakfast in D.C. that took place yesterday, the president revealed that his Christian (or Christ-like) faith heavily influenced his economic policies– including calling for the wealthy to pay more taxes and overhauling the healthcare system. He explained to the attendees that the nation’s challenges require smart policies coupled with a strong values system, and not of the philandering on your dying wife, or subscribing to anti-gay policies and making anti-gay rhetoric only to have secret gay sex variety.

It’s hard for me to ask seniors on a fixed income or young people with student loans or middle-class families who can barely pay the bills to shoulder the burden alone,’President Obama said.

“For me as a Christian, it also coincides with Jesus’s teaching that, for unto whom much is given, much shall be required,’ he added, referencing verse 48 of chapter 12 in the Gospel of Luke. “To answer the responsibility we’re given in Proverbs to speak up for those who cannot speak for themselves, for the rights of all who are destitute,” added Obama.

VIDEO & MORE HERE

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Richard Trumka Threatens To Abandon Democrats In 2012 Unless They Fight Harder For Labor

Huffington Post- Sam Stein

Posted: 05/20/11 02:22 AM ET

WASHINGTON — AFL-CIO President Richard Trumka plans to issue yet another warning to Democrats on Friday, proclaiming that if lawmakers don’t push hard enough to stem attacks on labor’s interests, workers will abandon the party in the 2012 election.

The union leader, whose perch atop the 11-million-member federation makes him arguably the most powerful labor official in the country, is slated to speak at a National Press Club luncheon. In excerpts from his prepared remarks, obtained in advance by The Huffington Post, Trumka focuses his ire on the widening gulf between U.S. workers and the wealthy — attaching particular blame to politicians who value ideology over morality.

“Budget proposals unveiled in Washington and state capitals across our country revealed a despicable canvas of cruelty,” Trumka will say, according to his prepared remarks. “And not just meanness. Destructiveness. A willful desire to block the road to the future.”

“America’s real deficit is a moral deficit — where political choices come down to forcing foster children to wear hand-me-downs while cutting taxes for profitable corporations,” the remarks continue. “Powerful political forces are seeking to silence working people — to drive us out of the national conversation.”

Trumka also says in the prepared remarks that party affiliation alone won’t determine how the federation allocates its resources in 2012. If Republican lawmakers embrace parts of the AFL-CIO’s agenda, the union federation will respond in kind. If Democrats abandon the union community’s principles — or if they fail to protest as those principles are attacked — they can expect similar treatment.

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Wisconsin Democrats Win Seat That Was Held By Republicans For Sixteen Years In Special Election

Think Progress- By Zaid Jilani at 9:50 am

Wisconsin marks the birthplace of a burgeoning Main Street Movement defending the economic livelihood of the middle class. The movement was spawned after Gov. Scott Walker (R-WI) and his GOP allies passed new laws stripping public employees of their collective bargaining rights. Last night, Wisconsin Republicans suffered what was perhaps the first electoral defeat resulting from a backlash to their radical anti-labor policies as Democrats won a special election for an assembly seat held by the GOP for the past 16 years:

Democrat Steve Doyle defeated Republican John Lautz for the Wisconsin District 94 Assembly, flipping a seat held by Republicans for 16 years in a race that focused attention on Republican Gov. Scott Walker’s plan to curtail collective bargaining right for most public employees. With 92% of precincts reporting, Doyle won 54% to 46%, based on unofficial results in Tuesday’s special election. The race flips a GOP Assembly seat for the Democrats, who remain in the minority.

The seat was previously held by Mike Huebsch, who Walker picked in January to serve as secretary of administration. Huebsch was first elected in 1994. The district covers rural La Crosse County and parts of Monroe County.

Doyle actually won despite “a barrage of television and radio attacks by third-party groups, along with mailings from the Jobs First Coalition, a Brookfield, Wis.-based group tied to Scott Jensen, the former Republican state Assembly speaker who left office in 2002 amid misconduct allegations.” “I look at it as a rejection of attack ads,” he told the La Crosse Tribune.

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Why you can’t trust conservative deficit warriors: Remembering the George Bush budget of 2001

Crooks and Liars- By John Amato
April 18, 2011 09:00 AM

As we are witnessing, the Beltway media are pushing the theme of that we need to cut, cut, cut, so that our national debt can be lowered. They call this “shared sacrifice” — though it’s clear that they won’t be sharing in the sacrifice. The rest of us will.

This is a common assumption that news pundits are weaving into their narratives every day. The Democrats and President Obama have also embraced this idea and shifted the goal posts to the right of center. Austerity rules, even though it’s proved to be anything but effective. If we look at what’s happening in the UK now, and remember what happened under FDR when the deficit hawks stepped in to curtail the federal government, it’s clear that this nonsensical approach to budget writing just makes economic recovery regress.

To many of us watching the wealthy thrive in this economy while the working class struggles is very frustrating. I’m starting to finally hear some pundits question the wisdom of why Republicans refuse tax increases and instead push for more tax breaks for the rich at this time when they are already wealthy. Bob Schieffer asked Paul Ryan that yesterday on FTN.

There is one thing certain, though: The Bush budgets, and especially the tax cuts that accompanied them, caused catastrophic harm to our country and to the world. Paul Ryan wants to continue the work that Bush, Cheney and Rove started. Well, here’s a flashback to what George Bush  told America in 2001.

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