Market Watch has an article Obama spending binge never happened based on data from the Office of Management and Budget (OMB), the Congressional Budget office (CBO) and Haver Analytics.

As would-be president Mitt Romney tells it: “I will lead us out of this debt and spending inferno.”

Almost everyone believes that Obama has presided over a massive increase in federal spending, an “inferno” of spending that threatens our jobs, our businesses and our children’s future. Even Democrats seem to think it’s true.

But it didn’t happen. Although there was a big stimulus bill under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.

Thanks to Tangelia Sinclair-Moore for posting the link to this article on her Facebook page. As she pointed out Market Watch is an outlet of The Wall Street Journal.

I made the following comment on her post:

It is funny how stuff like this can appear in the news sections of Wall Street Journal outlets, and yet on the editorial page they will still say the things that have been debunked by their own news.

One might consider it to be quite damaging news that Obama who claimed to want to rescue the economy did not manage to increase spending enough to do the job. The only thing I can think of in his defense is to say that despite all the pressure from the wrong-headed Republicans and blue dog Democarats, he at least managed to prevent a decline in spending. That would have been a disaster on Herbert Hooverian dimensions.