In the waning days of the Obama Dynasty, liberals have been rolling out graph after graph purporting to offer voters ironclad proof of one crackpot Keynesian notion after another.
Last year Nancy Pelosi’s office posted a risible graph showing that President Obama had increased the debt far less than George W. Bush and all other Republican presidents over the last thirty years. It was later revealed that Pelosi’s office had mistakenly counted spending in Obama’s first year as Bush’s, and that based on debt as a percentage of GDP—the more relevant measure—Obama was the most profligate spender of the lot. Fact-checking website PolitiFact awarded the graph a “Pants on Fire” rating, and for a while we didn’t hear any more crowing about Republicans outspending Democrats. read more »