Skip to comments.A Retrospective On Obama’s Economic Prowess
Posted on 04/28/2016 8:57:42 AM PDT by NOBO2012
Make no mistake: Barry is a just a little economic genius.
New York Times Magazine Sunday May 1, 2016
Well of course he has a theory. Barrys got a theory about everything, every one of which has been or will be proven absolutely positively wrong. Butt we wont let that stop a good story its the Old Gray Lady and you know what their motto is:
We were moving so fast early on that we couldnt take victory laps. We couldnt explain everything we were doing. I mean, one day were saving the banks; the next day were saving the auto industry; the next day were trying to see whether we can have some impact on the housing market.
I mean, the truth of the matter is that if we had been able to more effectively communicate all the steps we had taken to the swing voter, he said, then we might have maintained a majority in the House or the Senate.
No time for victory laps butt metaphorically run through the steps weve taken? Why not?
Butt alas, the Dems didnt keep the House, or the Senate. And now everyone including the 2 remaining Democrat candidates are running on the premise that the American economy is in the toilet and only they can fix it. Which Barry is anxious to explain to the author is just not true. You may think the deficit has gone up because he tripled the national debt while in office, butt actually its gone down. You may think that having 93 million Americans not participating in the labor market (i.e. not working) is a bad thing; butt you would be wrong because in reality Barry has reduced unemployment from 10% to 5%, even if he had to move half of them to the non-participant rolls.
Even Bill Clinton took a swipe at BHO last March while campaigning for Hilz:
Millions and millions and millions and millions of people look at that pretty picture of America he painted and they cannot find themselves in it to save their lives. People are upset, frankly; theyre anxiety-ridden, theyre disoriented, because they dont see themselves in that picture.
You will not be surprised to hear that Barry disagrees with the public mood hes created.
He has, by his own lights, managed the recovery as well as any president ever could, with results that in many cases exceeded his own best hopes.
The metaphorical steps
The blame for the continuing weak economy some would say till this day - can be blamed on several things in Barrys mind:
With respect to #3 - the stimulus wasnt large enough - dont worry because Barry fixed that on his own. Because, you know, the Do Nothing Congress he was burdened with. He was forced to employ stealth tactics.
Obama has actually been able to oversee a much larger stimulus than has been typically reported. If you add up all of his administrations classic stimulus measures, including the many tax breaks the administration extended, you get $1.4 trillion, a figure that is nearly twice the original figure. The anti-stimulus, then, was counteracted by a stealth stimulus.
Because the ends justifies the means when your legacy is at stake. The Constitution will just have to wait for a full recovery.
Most surprising detail from the interview - if he hadnt sacrificed to become a community organizer Barry probably would have been Steve Jobs:
If I hadnt gone into politics and public service, Obama told me, the challenges of creating a business and growing a business and making it work would probably be the thing that was most interesting to me.
My prediction? Hell still find a way to go into business after he leaves office. Because rust never sleeps. And because what he finds most interesting about business is the outrageous executive compensation packages. Like the ones he used to bash, until he figured out how qualified he now was to land one for himself.
As they say, read the whole thing; its loaded with all sorts of good ideas on how to cap executive pay. Which of course wont apply to executives formerly known as POTUS.
Im not a real executive butt I do play one in the Oval Office.
Posted from: Michelle Obamas Mirror
Even liberals can see he’s been loafing.
Oh, so he is a transinvestite!
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