Economics writers Megan McArdle was not as “enamored” with the chart as was one of her Atlantic colleagues:
. . . considering that this graph attributes decisions made by Obama and an all-Democratic Congress–like doubling down in Afghanistan–to Bush, while taking responsibility for basically nothing except the stimulus. When Obama extends the Bush tax cuts for the rich under pressure from Congressional Republicans, that disappears from his side of the ledger, because after all, he didn’t want to do it. When Bush enacts Medicare Part D under pressure from Congressional Democrats, the full cost is charged against his presidency. The list of such silliness goes on. Our president seems set to coin another presidential motto: “The duck starts here.”
Read the whole thing. (Via Instapundit.) Interesting that the White House would divert federal resources (you know those in short supply) to putting together a graphic attempting to exonerate the incumbent for the current debt crisis while passing the blame onto his predecessor.
Observing how the deficit skyrocketed from 1.6% (as a percentage of GDP) under Bush to 10% under Obama, this sage blogress asks, “What changed about Bush policies that made them so much more expensive once Barack Obama took office?”
McArdle adds that she’s not “interested in the Bush-v-Obama, red-v-blue allocation of blame, but the [White House] graph . . . was made by someone who seems very interested indeed in allocating as much blame as possible to Republicans–indeed, more interested in that than anything else.”
Wish this White House has heeded the advice of the guy who said he was “trying to break is a pattern in Washington where everybody is always looking for somebody else to blame.“