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]
The Food and Drug Administration issued a final decision this week, giving the food industry three years to phase out bad trans fats, still used in a wide variety of products, such as Pillsbury's Ready To Bake cookies and cake frosting. Now, if you're ingesting large quantities of either, perhaps partially hydrogenated oils aren't your biggest concern in life. But if the government's goal is to prevent cardiovascular disease and preventing cardiovascular disease is all that matters, why stop there?
The FDA alleges that phasing out trans fats will prevent about 7,000 premature deaths each year.…
"Despite a massive budget increase for the department charged with handling the illegal immigrant crisis, deportations by the U.S. Customs and Enforcement agency have plummeted 43 percent in just three years, according to federal data released by Sen. Jeff Sessions Monday. A new fact sheet from the Senate Judiciary Subcommittee on Immigration and the National Interest, chaired by the Alabama senator…[more]