GDP Report Confirms Our Commentary on Obama's Economic Record
In this week's Liberty Update, we highlight the falsity of the persistent claim that Barack Obama somehow prevented a great depression:
[T]he federal government's own economic data shows that Obama actually inherited an emerging recovery. The American economy was already rebounding before he even officially became president. What he has done is impose policies that have resulted in the slowest decade of economic growth in recorded U.S. history."
Yesterday's official report on first-quarter 2016 economic performance provided same-day confirmation. More specifically, the U.S. Commerce Department announced that gross domestic product (GDP), the basic metric by which the economy is measured and by which recessions and recoveries are defined, grew at a disturbing 0.5%. Not only is that…[more]
When the President of the United States asks the television networks to set aside time for him to broadcast a speech from the Oval Office, we can usually expect that he has something new to say. But President Obama's speech Sunday night was just a rehash of what he has been saying all along, trying to justify policies that have repeatedly turned out disastrously for America and our allies.
This was not a speech about how the Obama administration is going to do anything differently in the future. It was a speech about how Obama's policies were right all along. Obama is one of those people who are…
"Mr. Obama's efforts in Iraq today are the anti-Iraq surge. Whereas Mr. Bush in 2007 learned from his mistakes, Mr. Obama remains stubbornly committed to his failing approach. Whereas Mr. Bush listened to military leaders, Mr. Obama's favors inexperienced ideologues. Whereas Mr. Bush doubled-down to win in Iraq, Mr. Obama plays to run out the clock -- fueling a foolish narrative that the Islamic State…[more]