The Obamaian Universe: where everything revolves around the fixed planet of public spending

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    The Obamaian Universe: where everything revolves around the fixed planet of public spending

    WSJ:

    It may be that we have to move beyond politics alone to explain events in Washington. We are in the fifth year of the Obama presidency, and Washington is still dead in the water. Four straight years in which the government of the United States of America fails to enact a budget is, well, amazing.

    The sense is growing around Washington, and this increasingly includes Democrats, of living in an alternative universe.

    The Obama administration is trying to pull us back into what astronomers would call the pre-Copernican world. Copernicus' heliocentric system overthrew what was known as geocentrism—the belief that everything in the universe revolved around the earth. Beautiful maps exist depicting geocentrism.

    Economic thinkers since at least the time of, well Copernicus, have understood that national well-being derived from private individuals going out into the private world to produce goods and trade goods, an activity that for centuries has created wealth for many nations. No longer. Mr. Obama and his circle divide the economy into separate parts. In the Obamaian universe, the units of the private economy—companies large or small—are satellites orbiting the great fixed planet of public spending. All material and economic life in the Obamaian model radiates outward from a central source of public spending. This is why spending in the Obama presidency abruptly jumped as high as 25% of GDP from a 40-year average of 20% of GDP.

     In the Obamaian universe, the life force is a fairly weird contraption known as the Keynesian Multiplier. As explained by its adherents, for every $1 of public spending, the whole economy will rise by $1.50 or even $2.

    As life forces go, the Keynesian Multiplier would be really remarkable. Alas, Copernican economists such as Robert Barro have been asking repeatedly the past four years for the evidence that all this spending in Mr. Obama's public universe has been expanding the economy at this rate. Indeed, the Congressional Budget Office just said that in 2013, which will be the fifth year of Obama budgets that spend about $3.5 trillion annually, the economy is only going to grow 1.4%.

    Maybe the Keynesian Multiplier, like green ooze, just doesn't work.

    It doesn't matter. As with geocentrism, the president's pre-Copernican political economy is based in religious belief. This is why House Speaker John Boehner and so many others have never been able to get on the same page with the president about the upward slope of federal spending. He doesn't want to cut spending. He wants more of it. Forever. Public spending is beyond ideology for Barack Obama. It's the oxygen in his universe.

    This explains Mr. Obama's End-of-Days speeches the past week. Rationalists around Washington's professional budgeting community have been trying to explain that this apocalypse is entirely avoidable. The bureaucracies can move spending under many shells. But Mr. Obama really believes the stars will fall from the sky if spending declines...

     
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    Re: The Obamaian Universe: where everything revolves around the fixed planet of public spending

    In response to TFefio's comment:

    Maxine waters predicts 170 million jobs lst. Can someone losen the band holding on her wig? Her brain Stem appears cut off. 



    Said the guy standing with Bob Woodward against the imaginart White House threat.

     
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    Re: The Obamaian Universe: where everything revolves around the fixed planet of public spending

    In response to airborne-rgr's comment:

    Chart comparing Obama with other presidents on spending increases

     

     

    chart on federal spending under Obama



    So essentially this means that the huge deficit was caused by..... Tax cuts. wouldn't the fiscally responsible thing to do would be to raise taxes until they find the spending cuts?  You know, cut spending as they cut taxes instead of just cutting taxes and ignoring the impact on the deficit.

     

     
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    Re: The Obamaian Universe: where everything revolves around the fixed planet of public spending

     
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    Re: The Obamaian Universe: where everything revolves around the fixed planet of public spending

    In response to DirtyWaterLover's comment:

    In response to airborne-rgr's comment:

     

    Chart comparing Obama with other presidents on spending increases

     

     

    chart on federal spending under Obama

     



    So essentially this means that the huge deficit was caused by..... Tax cuts. wouldn't the fiscally responsible thing to do would be to raise taxes until they find the spending cuts?  You know, cut spending as they cut taxes instead of just cutting taxes and ignoring the impact on the deficit.

     

     



    No, it means you liberals are almost as bad at math as you are at economics.

     

    Federal spending up 93% in 10 years (Bush was no spending paragon of virtue)

    We continue to finance short term spending with long term debt.

    Obama doesn't want to stop.

     

    Liberals think that borrowing money over the long term to finance immediate spending is an viable economic solution.  If that's the case, then let's just borrow a 100 trillion dollars and live like kings.

     
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    Re: The Obamaian Universe: where everything revolves around the fixed planet of public spending

    In response to airborne-rgr's comment:

    Chart comparing Obama with other presidents on spending increases

     

     

    chart on federal spending under Obama



    Wont give up on those phony charts, will you?

    The '09 budget is the Dem Congress and Obama's, making these charts phony!

    Any budget after the trillion dollar stimulus year should have been a 25% cut!

    Federal and state welfare assistance has grown almost 19 percent under President Barack Obama, according to the conservative Heritage Foundation.

    All in all, there are 79 means-tested federal welfare programs, at a cost approaching $1 trillion annually.

    The increase in federal means-tested welfare spending during Obama’s first two years in office was two-and-a-half times greater than any previous increase in federal welfare spending in U.S. history, after adjusting for inflation.

     
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    Re: The Obamaian Universe: where everything revolves around the fixed planet of public spending

    Cut spending and increase revenue.  The vast majority supports such a policy.  Only the Republicans will not accept it.  That is the real universe not the right wing manufactured one.

     
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    Re: The Obamaian Universe: where everything revolves around the fixed planet of public spending

    In response to Reubenhop's comment:

     

    Cut spending and increase revenue.  The vast majority supports such a policy.  Only the Republicans will not accept it.  That is the real universe not the right wing manufactured one.

     




    In the real universe,  a reduction in the increase of projected future growth is not a "cut".

     

    Almost all of Obama's phantom "cuts" to government spending are 5-10 years in the future..and are only a slight bend in the huge increases already baked in the cake.

    Of course, in the public sector teacher unions, there is an alternate reality...they have politically correct math...

     
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    Re: The Obamaian Universe: where everything revolves around the fixed planet of public spending

    airborne: "During a recession, especially a Great Recession like the one we're only just beginning to emerge from, individuals and families tend to react by spending less and saving more, so they balk, despite the dictates of Keynesian economics, when the federal government doesn't do the same"

    LOL. That is the funniest excuse for Obama failure seen in a while..points for creativity!

    Consumers dont spend because they think the Obama Administration hasnt spent enough...LOL

     
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    Re: The Obamaian Universe: where everything revolves around the fixed planet of public spending

    In response to ComingLiberalCrackup's comment:

    In response to Reubenhop's comment:

     

    Cut spending and increase revenue.  The vast majority supports such a policy.  Only the Republicans will not accept it.  That is the real universe not the right wing manufactured one.

     




    In the real universe,  a reduction in the increase of projected future growth is not a "cut".

     

    Almost all of Obama's phantom "cuts" to government spending are 5-10 years in the future..and are only a slight bend in the huge increases already baked in the cake.

    Of course, in the public sector teacher unions, there is an alternate reality...they have politically correct math...



    You clearly have trouble distinguishing between short-term deficits and long-term debt.

    Many gop congress lizards appear to share your affliction.

     

     
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    Re: The Obamaian Universe: where everything revolves around the fixed planet of public spending

     
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    Re: The Obamaian Universe: where everything revolves around the fixed planet of public spending

    In response to Reubenhop's comment:

    Cut spending and increase revenue.  The vast majority supports such a policy.  Only the Republicans will not accept it.  That is the real universe not the right wing manufactured one.



    If we cut spending, why do we have to raise taxes?

    i am going to resist calling taxes "revenue".

     
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    Re: The Obamaian Universe: where everything revolves around the fixed planet of public spending

    In response to Sistersledge's comment:



    four pinochios for deception.

    he pays more in taxes I.e. dollars, because he earns more.

    the ports that is cap gains can't be taken for at least a year, putting it at risk.

    if the cap gains is taken now, it is taxed as ordinary income.

    but, keep trying to turn success into a villainous act.

     

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