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WH Insists: Obama has "demonstrated significant fiscal restraint”

White House Press Secretary Jay Carney insisted to reporters on Air Force One today that President Obama has "demonstrated significant fiscal restraint” and applied a “balanced approach.”

According to the pool report, Carney added that any reporting to the contrary, would just be the result of “sloth and laziness.” Carney cited an article by financial columnist Rex Nutting of MarketWatch, which was also cited by David Axelrod this morning on Twitter.

As AEI's Jim Pethokoukis writes, Nutting arrives at these numbers by assigning 2009 government spending to George W. Bush. ...continues...

" Nothing in the world is more flexible and yielding than water. Yet when it attacks the firm and the strong, none can withstand it, because they have no way to change it. So the flexible overcome the adamant, the yielding overcome the forceful. Everyone knows this, but no one can do it. "

--Lao Tzu

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