Malkin Award Nominee

May 23 2012 @ 10:52am

"Why would a president who gave America vast unemployment, soaring inflation, a moribund economy, record deficits, and a manically ill-conceived energy policy be coasting toward re-election?" – Tim Cavanaugh, Reason.

Lets unpack this claptrap for a second. Obama "gave" the US "vast unemployment"? The month before he took office, the US lost 900,000 jobs in the worst recession, caused by a financial crash. No month has been as bad since and within a year, the US was gaining jobs again. Unemployment remains too high, but it is slowly retreating, as is often the case after a financial panic-caused recession. "Soaring inflation?":

Screen shot 2012-05-22 at 5.55.48 PM

He just made that one up. A "moribund economy"? If so, it's been that way for a long time:

Screen shot 2012-05-22 at 5.58.11 PM

Record deficits? Yes, they've been big because of the recession and the collapse in revenues since the Bush tax cuts and the stimulus. But the record is held by George W. Bush, whose final fiscal year clocked in at $1,413 billion, after eight years of astounding fiscal recklessness. This coming fiscal year, the deficit is projected to be $1,300 billion. I'd like Obama to commit more emphatically to a Simpson-Bowles type-deal. But without any Republican give on taxes, that's impossible. And his actual record on spending is, as usual, better than his Republican predecessor's.

"A manically ill-conceived energy policy"? That's an opinion, not a fact, so I can't rebut it. But the rest is rhetoric, not reality, a desire to project onto Obama everything the right wants to believe about him. The same sentence, after all, would be more accurate if it had been written in 1979 about Jimmy Carter. Tim Cavanaugh's jerking knee seems to come from the same period.