Yesterday's 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]
How shall we remember 2015? Or shall we try to forget it?
It is always hard to know when a turning point has been reached, and usually it is long afterwards before we recognize it. However, if 2015 has been a turning point, it may well have marked a turn in a downward direction for America and for Western civilization.
This was the year when we essentially let the world know that we were giving up any effort to try to stop Iran — the world's leading sponsor of international terrorism — from getting a nuclear bomb. Surely it does not take much imagination to foresee what…
"The U.S. Immigration and Customs Enforcement agency in 2015 decided not to deport but release 19,723 criminal illegal immigrants, including 208 convicted of murder, over 900 convicted of sex crimes and 12,307 of drunk driving, according to new government numbers.Overall, those released into virtually every state and territory of America had a total of 64,197 convictions among them, for an average…[more]