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Author: admin | Category: Celtic Tattoo Designs | 06.01.2016

The right measure and comparison for Obama’s record is not to compare the recovery to the recession, but to compare Obama’s recovery with other recoveries from other recessions since the Great Depression.  By that measure, what is clear is that Obamanomics has produced the worst recovery from a recession since the Great Depression, worse than what every other President who has faced a recession has achieved since the Great Depression. But it’s even worse than that.  Obama’s real GDP growth has actually been less than half as much as the worst of any President in the last 60 years.  In other words, even if you doubled actual GDP growth under President Obama, it would still be the worst record of any President in the last 60 years! And instead of adopting monetary policies that would produce a stable dollar, Obama’s monetary polices have mimicked the devaluationist ones previously embraced by George W.
Next week I will discuss why and how these misguided, Keynesian monetary policies will only lead to another, even worse financial crisis, probably during Obama’s second term, and why only fundamental monetary reform can restore America to its traditional booming, economic growth.


Peter Ferrara is a Heartland senior fellow for entitlement and budget policy, a senior fellow at the Social Security Institute, and the general counsel of the American Civil Rights Union.
He served in the White House Office of Policy Development under President Reagan, and as Associate Deputy Attorney General of the United States under the first President Bush. This time we have gathered the worst kids haircuts of all time, most of them come directly from the 80?s and early 90?s, cool years for a lot of things but definitely not for hairstyles. Bush on the way to sagging investment, and with the latter, slow growth.  President Obama derided Mitt Romney during the 2012 campaign as proposing to bring back the same economic policies that led to the financial crisis in the first place.





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