Apparently our boss is all mad cause we're not doing our jobs. Sorry about that. It's his fucking fault for giving us the internet. If he doesn't want us looking at cat pictures her shouldn't have done that.
Anyway, so Megan.
A number of my readers are claiming that the only reason Obama is running such a big deficit is that revenue has collapsed. I don't see that in the data:Awesome. Yet again the first sentence of the first post in my first visit in months just smacks me in the face of stupid. NO ONE IS SAYING THAT. The number of readers saying that is zero. NONE.
But, hey, since we got this strawman around, let's go ahead and pour some gasoline on it:
Hrm, I guess she mistook water for gasoline. Thankfully, there's a lot of freelancers in the comments these days so I'll just hand it over to "zosima":
There's nothing to argue. Megan doesn't source her data, and it conflicts with the St. Louis Federal Reserve Data. To use a phrase of Megan's, her argument is "Garbage In Garbage Out"Another commentor replies that those aren't the right numbers either, so, ok, fine. Let's use Megan's. But first, let's look at Megan's foray into linear regression:I never realized how fucking hilarious trendlines can be. Here, let me give it a shot:Fucking ghosts.
To see what this plot looks like when not constructed with fictional data, follow this link:
She's making some sort of mistake, if she provided her sources/methods, we might be able to figure it out.
Here's another plot from FRED with the Federal Series.
p.p.s. Stimulus spending in 2009 was about $250 B and the 2009 budget was put together by Bush. So, at best, you can blame Obama for $250 B in 2009 and the change from 2009 to 2010. But wait there's more! Here's a post from the CBO which indicates that the deficit declined from 2009 to 2010: http://cboblog.cbo.gov/?p=1457
There's a shit ton more stupid to go around, but what the fuck is the point. I'll just leave you with this amusing exchange: