And That’s a Good Thing?

|
June 5, 2012 6:41 a.m.
JOIN TPM FOR JUST $1

This chart — which you should really take a look at — shows that President Obama has overseen the biggest drop of government spending in half a century when you put together government spending at all levels. And that rebuts wild Republican claims that the President has pushed through a massive binge of spending. And yet, is this a good thing? Dramatic drop offs in government spending during a massive contraction is actually a really bad thing — at least if growth or lowering unemployment is one of your goals.

Definitely give this piece a look.

Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Senior Editor:
Special Projects Editor:
Investigations Desk:
Reporter:
Senior Newswriter:
Newswriters:
Editor at Large:
General Manager & General Counsel:
Publisher:
Head of Product:
Director of Technology:
Publishing Associate:
Front-End Developer:
Senior Designer: