Barack Obama’s Economy: Same Old Failed Ideas, More Failed Results

Anyone with a modicum of understanding of the American-Way – free market, Constitutional/law-and-order free enterprise – should be shocked, if not surprised, by Barack Obama’s recent speeches on his failed economy.  He’s delivering the same old campaign-trail propaganda of his past election campaigns.
After almost 5 years in the White House, Obama, a lawyer, seems to have learned nothing about the laws of economics, economic growth and national prosperity. He clings hopelessly to outdated Democrat, liberal-leftist Progressivism, e.g., de facto Marxist/Socialist ideology that he deceptively brought into the White House in 2009.
By the time Obama leaves the White House, he will have spent more borrowed money than all previous presidents combined. Worse yet, he is literally sticking our children and grandchildren with this debt.
Despite his youthfulness, he is hopelessly relying on out-of-date schoolbook ideas that have long since been proven ineffective. In addition, he is committed to a de facto Marxist/Socialist, centralized government-control-ideology of dependency, which has never worked, e.g., the Soviet Union, Communist China, East Germany, Cuba, etc.

Ask yourself: What has President Obama actually accomplished?:

— The largest deficit in American history.

— Record numbers of foodstamp and disability recipients.

— 8% decrease in BTN (Ballantyne Strong) income. 

— The worst recovery since the great depression.

Forbes magazine asks: Economically, could Obama be America’s worst president?

In the 10 previous recessions since the Great Depression, the economy recovered all jobs lost after an average of 25 months. Under Pres. Obama it’s been 64 months and we still haven’t recovered all the jobs that existed when the recession started. We are still 2% below where we were when the recession started.

Take a deep breath: 77% of all the jobs added to the economy since the beginning of 2013 are part-time positions!

As Charles Krauthammer recently reported, the president. travels around the country giving speeches, blaming others for the failure of his administration. He acts as if he hasn’t been here for the past five years.

Unfortunately, the facts are that Pres. Obama has been an absentee president. He doesn’t have a clue about leading our nation. Prior to becoming president he never even ran something as significant as a popcorn stand.

About the author: William Pauwels

William A. Pauwels, Sr. was born in Jackson Michigan to a Belgian, immigrant, entrepreneurial family. Bill is a graduate of the University of Notre Dame and served in executive and/or leadership positions at Thomson Industries, Inc., Dow Corning, Loctite and Sherwin-Williams. He is currently CIO of Pauwels Private Investment Practice. He's been commenting on matters political/economic/philosophical since 1980.

View all articles by William Pauwels

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