What Politifact must have missed is a very important data point: President Obama signed most of the spending attributed to President George W. Bush’s last year in office, which was assigned wrongly to Bush in Nutting’s piece. (Heritage’s Emily Goff and Alison Fraser set the record straight on The Foundry.)Nutting argues that President G.W. Bush’s second term spending bills from Fiscal Year 2006-2009 averaged 8.1% and President Obama’s annualized growth averaged 1.4%. The reason why Nutting included FY 2009 is because it was “the last of George W. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion.” This assumption is incorrect and dishonest. This flaw in Nutting’s analysis is the reason why the Obama numbers are wrong and Nutting’s whole piece is based on flawed data.
The Sun-Times quotes President Barack Obama in the same article as follows:“For the last three-and-a-half years, President Obama's liberal policies of wasteful spending and skyrocketing debt haven't lived up to his own promises to control our nation's mounting deficits. As president, Mitt Romney will finally change Washington and stop passing our financial burdens on to the next generation.” -Andrea Saul, Romney Campaign Spokesperson (Quoted in Chicago Sun-Times)
President Obama, In 2009: “Today I'm Pledging To Cut The Deficit We Inherited In Half By The End Of My First Term In Office.” OBAMA: “[T]oday I'm pledging to cut the deficit we inherited in half by the end of my first term in office. This will not be easy. It will require us to make difficult decisions and face challenges we've long neglected. But I refuse to leave our children with a debt that they cannot repay - and that means taking responsibility right now, in this administration, for getting our spending under control.” (President Barack Obama, Remarks, Washington, D.C., 2/23/09)
In the poll, 55% say the economy would get better over the next four years if Romney was elected, compared with 46% who say it would improve if Obama were re-elected. Twenty-seven percent say the economy would get worse in a Romney first term, compared with 37% who say that of an Obama second term.