Thanks for the charts.
Lower spending equals slower recovery!
In fact, the reduction in growth of spending under Obama is unprecedented in the last half-century, and government spending under Obama is growing at the
slowest rate since Dwight Eisenhower was president:

This reduction in spending, however, is not necessarily a good thing.

This chart from the Federal ReserveÂ’s Janet Yellen illustrates the effect of fiscal contraction of economic growth. In previous recessions, government spending has encouraged faster recoveries, and
the stimulus initially helped boost this recovery. But the spending cuts that have resulted since 2010 have had the opposite (and a totally predictable) effect, driving down consumption and
slowing the recovery:

Despite the hand-wringing from conservatives and media types about the federal debt and deficits, these charts make it clear that
AmericaÂ’s problem isnÂ’t that the government is spending too much. Rather, itÂ’s that the government isnÂ’t spending enough. Investments into infrastructure, education, teachers, public workers, and other programs
could boost the economy. Instead, Washington has turned its attention to cutting spending, and the results have been dire, even if they are totally predictable to anyone who has read about the
plight of the European economy over the last three years.
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