Look What Obama's Bragging About Now

[Geee]

Investors Business Daily:

Budget: President Obama boasts on Twitter that spending, taxes and deficits are all below where they were when he took office. The truth is, he inherited a bad situation and made it worse.

Think Progress, the George Soros-funded left-wing advocacy group that's always ready and willing to lend Obama a hand, has put together a chart that, it claims, proves that the president has been a good fiscal steward.

Federal spending, it says, "is lower now than it was when President Obama took office."

Not only that, but "taxes today are lower than they were on Inauguration Day 2009."

And as icing on the cake: "The deficit this year is going to be lower than what it was on the day President Obama took office."

The group came to this conclusion by comparing the Congressional Budget Office's forecast for fiscal 2009 — made just before Obama was sworn in — to the one it just released for fiscal 2012.

Trouble is, the picture Think Progress paints is completely misleading.

It's true that Obama inherited a bad economy, but it was starting to bottom out just as he was sworn into office. That recession, as all do, boosted federal spending, cut federal tax revenues and swelled the deficit.

But since taking office, Obama's policies have made everything far worse.

And that's abundantly clear if you compare the rest of the CBO's 2009 forecast to Obama's actual results.