US deficit to hit $583 billion in 2014. Obama’s fault.

US deficit to hit 583 billion. Obama's fault.

As Dick Cheney taught us during the Bush years, “deficits don’t matter.” And Bush and Cheney showed us just how much they didn’t matter by taking Bill Clinton’s useless surplus and–thanks to two wars, massive, unfunded tax cuts, and one huge crash/big-bank-bailout later–turning it into a healthy $1.41 trillion deficit.

In just five years, Obama has taken the Bush-Cheney deficit and shrunk it by an incredible $827 billion to just $583 billion in 2014. (Fox News has the full report: http://www.foxnews.com/politics/2014/07/11/white-house-2014-deficit-to-drop-to-583-billion/.)

Clearly, Obama didn’t get the memo that the only thing that can save us is more wars and more tax cuts for the rich.

Instead, he’s killed Bin Laden, ended foreign wars, brought healthcare to more than 20 million, created 9.9 million jobs in a record 53-month streak of job growth. And to top it all, the economy is now growing at a 4% rate.

He’s done it all with out any help from the GOP. No wonder Republicans are mad at him.

The Obama economic recovery is the strongest in the world, according to liberal statistics

Thanks Obama for the strong economic recovery!

If you listen to conservative talk radio and Fox News, you know that our economy right now is TERRIBLE.  The economy originally started to tank in December of 2007, because of Barack Obama, and it has never fully recovered. On literally a daily basis, you can hear Sean Hannity, Rush Limbaugh, Mark Levin, and other conservative commentators referring to our current economy as “bleak”, and “stagnant”, and “horrific”, and “crashed”, and “dead”, and other words that all mean the same thing.

Naturally, whenever conservative commentators talk about how TERRIBLE the United States economy currently is, they never miss an opportunity to point out that the reason it is terrible is Barack Obama.

Yet somehow, liberally biased “statistics” tell a different story.  In fact, according to the graph above, the United States economy has recovered from the world-wide 2007-2008 recession more than any other country in the world, and the only country in the world that showed faster improvement (by marginal amounts) was Germany.

But how can this possibly be, when Obama has been the worst King of America since Satan was King of America in the year 2000 B.C.?

Obviously, these statistics must be wrong, and biased, and/or fabricated by the Illuminati.

The current U.S. economy is terrible, it is horrible, it is the worst economy ever… and if you think otherwise, you clearly just have a LIBERAL BIAS!!!!!!

How can the economy be good when some people hate their jobs, huh?

Data Source: Statistical Office of the European Communities; CEA calculations
Graph Source: AATTP.org

What does a -2.9% annual GDP growth rate for Q1 2014 really mean?

Fox News Explains GDP Shrinking

The above picture, from Fox News, shows the correct way to report on the recent finding that the national gross domestic product (GDP) shrank by 2.9% (annualized) during the first quarter of 2014. Specifically, this picture is the correct way to report on this finding because it does not distract or confuse people with things like history, comparisons to prior examples, or too many data points.  Plus, you have a frowning unattractive man depicted next to the gigantic negative number: so you know that things must be bad!!!!!

Indeed, the frowning unattractive man also tells you what you should believe about the explanation of this number: “This is obviously a result of an administration, five years of policies… high taxation, high regulation, high spending and high debt.”

How could he possibly be wrong?

Now, some liberals out there will present this same information in a way that is clearly liberally biased. For example, they will show you this graph:

GDP changes by quarter over several years

The problem with this graph is that includes too much information, and it might confuse people. It could even lead to uncomfortable questions, like:

“If a -2.9% growth rate is obviously the fault of President Obama’s policies, then which of President Bush’s policies are to blame for the -8.1% growth rate in 2008?”

Or worse:

“If a -2.9% growth rate is a clear sign that all of liberal philosophy is a total failure, then does that mean that Bush was also completely incompetent and all of his economic philosophies are also total failures?”

Clearly, this kind of thinking simply will not do!

Liberals have also been disseminating this second graph, which shows that although GDP was unusually low in the first quarter of 2014, other economic measures were up. For example, in the following graph we see that the total aggregate hours worked by private-sector nonsupervisory workers 1.4 percent, which is usually associated with higher growth:

Real GDP vs Private Sector Jobs

Showing this graph clearly can cause a liberal bias, because it can lead people to believe that some aspects of the economy have been improving despite that fact that Obama is OMFG KENYAN MUSLIM SOCIALIST HITLER.

If you look carefully, you will see that the above graph includes three data points where the GDP value is just as bad or worse, but the jobs value is worse than the first quarter 2014: these are the points on the same level or below the red point on the vertical axis, but to the left of the red point.

These points all occurred under George Bush as well, once again leading to the question: were those points also “obviously a result of an administration” under George W. Bush of ridiculous economic, and domestic and foreign policy failures?

No, these types of graphs clearly are not what people should be seeing.

People need to be sheltered from the burden of getting too much information, and asking questions. Therefore we applaud Fox News for not falling into that trap. That, after all, is how numbers and statistics can lead to LIBERAL BIAS!!!!