Obamas Failed Economic Policies

It stands to reason why President Barack Obama has a failed economic policy. Obama has never taken an accounting and finance course. Neither has he ever taken a microeconomics or a macroeconomics course. He knows nothing about budgeting and has not even prepared and submitted an annual budget to Congress. He knows nothing about income statements and balance sheets. He knows nothing about supply and demand. He may know something about cost centers, but he certainly knows nothing about profit centers. The only thing financial he knows about is taxing the people and spending on social programs.

Generally, all he knows about is scooting around the law, community organizing, and political chicanery including Chicago-style strong-arm tactics, bribery using taxpayers’ money, and destroying those who oppose him. His Obamanomics and Obamacare are true disasters. Do you ever wonder why his knowledge of creating jobs, saving the economy, and reducing the national debt is zilch? However, he knows a lot about deficit spending, spreading the wealth, and destroying jobs by destroying small businesses. Even though he may have taught Constitutional Law at the University of Chicago, he desires to do away with the Constitution so he can implement his style of Marxist-socialism.

You do not solve problems by throwing money at it, yet he does that. You do not print more currency not backed by gold and expect the inflation rate to remain low. It will go up. He is doing that. You do not save incompetently run financial institutions by pouring into them hundreds of billion dollars of taxpayers’ money. The bailout money will disappear and not improve anything. You do not improve the economy and create jobs by taking profits from producers and give those profits to non-producers. It just creates lazy people—a true nanny state. That is Karl Marx’s philosophy: “From each according to his ability; to each according to his need.” So, can you see why Obama has nothing but failed economic policies?

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