Everyone is entitled to his own opinion, but not his own facts.
Daniel Patrick Moynihan
You have no right to call out Jake. They don't come any more uniformed than you.
1) The health care bill Democrats passed is almost a carbon copy of the bill Republicans proposed back in 1993, including the BIG GOP idea, the individual mandate.
2) The auto bailout was not based on political philosophy, it was based on pragmatism. Even President Bush who started the auto bailout recognized that.
Bush on auto bailouts: 'I'd do it again' - Bottom Line
The bailout, which ultimately totaled $85 billion, was originally begun during the waning days of the Bush administration. With a specific rescue effort rejected by Congress, the former Commander-in-Chief decided to tap into a separate, $700 billion fund Capitol Hill did approve for the bailout of Wall Street and the banking industry.
“Sometimes circumstances get in the way of philosophy,” said the ex-president, during his speech in Las Vegas, referring to his normal stand in favor of free trade. “If you make a bad decision, you ought to pay,” he said, referring to the collapse of both General Motors and Chrysler.
But Bush also noted that coming on top of the failure of Lehman Brothers, the meltdown of the banking industry and the collapse of the housing market, a painful shift in policy was needed.
“I didn’t want there to be 21 percent unemployment,” he stressed, echoing forecasts at the time that the loss of GM, Ford and the automotive lenders also covered by the bailout could lead to the loss of 1 million jobs.
The former president has kept a low-key profile since leaving office in January 2009 – though he did call the bailout “the only option” in his 2010 book, “Decision Points” — leaving his successor to field much of the criticism.
In that book, the 43rd President argued that, “The immediate bankruptcy of (Chrysler and GM) could cost more than a million jobs, decrease tax revenues by $150 billion and set back America’s Gross Domestic Product by hundreds of billions of dollars.”
Republican president candidate Mitt Romney is among those who have said they would have rejected a bailout.
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3) And in regards to 'All those programs and money he has spent'...
Obama spending binge never happened
Government outlays rising at slowest pace since 1950s
Wall Street Journal
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.
Over ObamaÂ’s four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion, an annualized increase of just 0.4%.
There has been no huge increase in spending under the current president, despite what you hear.
Why do people think Obama has spent like a drunken sailor? ItÂ’s in part because of a fundamental misunderstanding of the federal budget.
What people forget (or never knew) is that the first year of every presidential term starts with a budget approved by the previous administration and Congress. The president only begins to shape the budget in his second year. It takes time to develop a budget and steer it through Congress — especially in these days of congressional gridlock.
The 2009 fiscal year, which Republicans count as part of ObamaÂ’s legacy, began four months before Obama moved into the White House. The major spending decisions in the 2009 fiscal year were made by George W. Bush and the previous Congress.
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