Why Obamanomics are worse than Obamacare

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Obamanomics003 - closeup-250x250Of course, the Affordable Care Act was sold as integral to President Barack Obama’s economic policies. Obamacare had to be passed quickly, just like the stimulus-that-didn’t, so that the economy could be pulled out of the ditch he inherited and, incredibly so that government spending and the deficit could be reduced!

Lost amid paroxysms over Obamacare, Syria, gay rights and gun control; the economic drop-outs, part-timers, youth still at home with parents and the rest of the under- and unemployed have too often gone un-remarked upon. Of course, so long as President Barack Obama occupies the White House and Senate Majority Harry Reid is his sock-puppet, no bills nor executive fiats will be forthcoming that would actually allow Americans to “bail” themselves out with free enterprise. No, the fundamental transformation of America takes precedence over any prosperity above food stamp, Medicaid and/or SSI/DIB-subsistence levels.

But let us re-visit the ongoing jobs depression, anemic so-called recovery and stagnant wages:

The ObamaCare train wreck is plowing through the White House in super slow-mo on screens everywhere, splintering reputations and presidential approval ratings. Audiences watch popeyed as Democrats in distress like Senators Kay Hagan, Mary Landrieu and Mark Pryor decide whether to cling to the driverless train or jump toward the tall weeds. The heartless compilers of the Washington Post/ABC poll asked people to pick a head-to-head matchup now between Barack Obama and Mitt Romney. Mitt won. This is the most amazing spectacle of mayhem and meltdown anyone has seen in politics since Watergate.

No question, it’s tough on Barack Obama. But what about the rest of us? For many Americans, the Obama leadership meltdown began five years ago.

In fall 2008, the U.S. suffered its worst financial crisis since the Depression. That wasn’t Barack Obama’s fault. But five years on, in the fall of 2013, the country’s economy is still sick.

Unemployed middle-aged men look in the mirror and see someone who may never work again. Young married couples who should be on the way up are living in their parents’ basement. Many young black men (official unemployment rate 28%; unofficial rate off the charts) have no prospect of work…

Mr. Obama has talked of the plight of “middle-class folks” from the first days of his presidency. But what has his presidency done for them? What is there to show for all the talk?

In February 2009, he got $831 billion of stimulus spending. Not even seismographs can detect the results. Every speech he outputs about “middle-class folks” offers them the same solutions: more public spending on education, on public infrastructure projects and, even now, on alternative energy. As he tirelessly repeats what remain promises, the Labor Department’s monthly unemployment-rate announcement on Friday mornings has become a day of dread.

A normal post-recession growth rate of at least 4% would have made it possible for Mr. Obama and his progressive allies to chase virtually any pie-in-the-sky policy they wanted. Instead, the U.S. has fallen far off its normal 3.3% growth rate.

A U.S. president, faced with such devastating labor-market problems and persistently weak growth, should do anything—anything—that will give the American workplace more lift. Instead, he’s willing to entertain just one idea: more federal spending.

We are told by some Democrats that amnesty for illegals would “fix” Obamacare’s ills and no matter what results from liberal Democrats’ lies and failures, the answer will always be more, more and more taxes, regulation and big government-run “programs”.

Surely a majority of Americans voting in 2014 and 2016 will understand that electing Hillary Clinton or any Democrat would be rewarding Obamanomics-failure again, as they did in 2012. One would hope, or we have no hope.

 

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