Visitors Now:
Total Visits:
Total Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Obama Leaves a Disastrous Economic Legacy Behind

Monday, November 7, 2016 9:49
% of readers think this story is Fact. Add your two cents.

(Before It's News)

For more great articles like this visit http://www.fixthisnation.com

obama-economy

When President Barack Obama leaves office in January, he will leave behind an unfortunate legacy across the entire spectrum: Foreign policy, national security, immigration, and healthcare have all been wrecked by his eight years of naivete and liberalism. But while his supporters can spin those failures into successes using their own labored argumentation, they can’t rescue his greatest mess, the economy.

Oh, they’ll try. And they have.

But no amount of “he inherited the biggest recession since the Great Depression” can refute the raw numbers. Under his economic recovery, the U.S. has added jobs at a tortoise-like rate that would make even the fiercest liberal long for the days of Ronald Reagan. Obama’s unemployment rate has steadily improved, but the Labor Force Participation Rate has declined in kind. In March, it stood at 62.8%, the lowest level since 1978. Millions of healthy, able Americans are sitting on their duffs, not even bothering to look for work.

Even Democrats like former President Bill Clinton can’t pretend to celebrate the Obama economy. In early 2016, Clinton said, “The problem is, 80 percent of the American people are still living on what they were living on the day before the crash. And about half the American people, after you adjust for inflation, are living on what they were living on the last day I was president, 15 years ago. So that’s what’s the matter.”

Obama’s policies aren’t just liberal; they are cartoonishly liberal. Instead of shying away from the stereotypes, he embraced them. In doing so, he turned the American dream on its head. Whereas we used to see “a life of leisure” as something to be earned through a lifetime of hard work, savings, and investment, our growing welfare state has made such a life attainable without any effort whatsoever. Why work hard when the safety net is so expansive and comfortable?

Meanwhile, millennials who did all the right things – went to college, studied hard, networked effectively – have found themselves in a hostile job market with little opportunity for advancement. Their hard work has been rewarded with staggering amounts of student debt. Instead of addressing the fundamental failures of their economic policies, Democrats have seized on this situation to expand welfare once again – this time in the form of free college tuition, the tab picked up by the taxpayers.

For millions of Americans, the situation is desperate. And desperate people require help.

Democrats gleefully promise that help in the form of more handouts.

And the cycle continues.

For more great articles like this visit http://www.fixthisnation.com

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.