southpol: Jeff’s post made me remember this graphic, which apparently can’t get reblogged enough. Matthew Yglesias puts it together from David Leonhardt’s column in the New York Times. Anyway: I can’t tell if this is a joke or not.  Obama was a Senator last year, right?  And as both a Senator and Presidential candidate, he supported and voted for the massive bailouts that led to the $1.3 trillion dollar deficit, right?  And he knows that these bailouts had nothing to do with tax cuts, right?  And he didn’t vote to close down the Medicare drug program, right?  And that drug program—while not properly funded—isn’t the reason we have a trillion dollar deficit, right?  And none of these things require this, do they?  So is he joking, or does he just think we’re fools? The bailouts didn’t cause the deficit. The Bush tax cuts, together with the economic downturn, for all intents and purposes, did. I don’t think the point is that the Medicare drug bill caused the deficit, but that its passage reflected a lack of concern for controlling spending when it suited certain people’s interests.

southpol:

Jeff’s post made me remember this graphic, which apparently can’t get reblogged enough. Matthew Yglesias puts it together from David Leonhardt’s column in the New York Times.

Anyway:

I can’t tell if this is a joke or not.  Obama was a Senator last year, right?  And as both a Senator and Presidential candidate, he supported and voted for the massive bailouts that led to the $1.3 trillion dollar deficit, right?  And he knows that these bailouts had nothing to do with tax cuts, right?  And he didn’t vote to close down the Medicare drug program, right?  And that drug program—while not properly funded—isn’t the reason we have a trillion dollar deficit, right?  And none of these things require this, do they?  So is he joking, or does he just think we’re fools?

The bailouts didn’t cause the deficit.

The Bush tax cuts, together with the economic downturn, for all intents and purposes, did.

I don’t think the point is that the Medicare drug bill caused the deficit, but that its passage reflected a lack of concern for controlling spending when it suited certain people’s interests.

Cite Arrow reblogged from southpol
20 notes | | Jul 30, 2009
  1. mmmcnvbvb reblogged this from soupsoup
  2. christiw reblogged this from soupsoup
  3. caitieparker reblogged this from soupsoup and added:
    As a liberal minded person I thought this was poignant enough to reblog.
  4. helloxander reblogged this from mikehudack
  5. mrshl reblogged this from soupsoup and added:
    may have blogged this before,...it’s worth remembering.
  6. auerbach reblogged this from mikehudack
  7. nescio reblogged this from soupsoup
  8. soupsoup reblogged this from mikehudack
  9. moorewr reblogged this from southpol
  10. rlrr reblogged this from southpol
  11. mikehudack reblogged this from southpol
  12. southpol posted this