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 left has concocted a lucrative category of politically correct victims: "climate refugees." It's the new Green racket.
U.S. taxpayers will now be forking over untold billions to ease the pain allegedly inflicted on "carbon's casualties" by industrial activity. By contrast, those who have suffered as a direct result of government incompetence by federal environmental bureaucrats continue to get the shaft.
Consider the plight of two tribes: the Biloxi-Chitimacha-Choctaw in Louisiana and the Navajo Nation in New Mexico.
The New York Times splashed a viral story on its pages…
"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]