I try to keep the titles for each entry by turns entertaining, obscure, and tempting in case that is all someone gets before they visit. By the time some folks are done, I image that some will think of "record" as in a "broken record" that skips will think of a "record" as in a "broken record" that skips will think of a "record" as in a "broken record" that skip.
Ahem. Where was I?
My digital basket of interesting items includes some things from before the election. With Mr. Obama's second inauguration barely a day a way, I thought this might be an interesting time to look at his justification for re-election.
An article from Investor's Business Daily lays it out pretty well. In summary:
1) He claims that Bush era tax cuts and deregulation caused the 2008 recession.
The record would suggest otherwise.
2) His policies stopped another Great Depression.
Again, the data suggests that the recovery started before his policies were enacted. Heck, the worst of the damage occurred before he was sworn into office!
3) His policies are working.
Except, they aren't. The economy is still sluggish. His policies discourage investment in the U.S. that is needed to get us going full tilt again. I talk to business owners and managers all the time and hear how they could be doing more, but won't until the current tax and spend environment ends.
4) A slow recovery was inevitable.
Except that historically, the deeper the recession, the quicker the recovery. Given how deep the recession was....and it was very deep....we should have zoomed out of it by now. It is hard to zoom when you have an anchor shackled to your ankles.
5) Nobody could have done better.
See item 4. Every President coming out of a recession has done better.
One hopes that Presidential hubris will not delay a strong recovery any further. That would represent real change, and progress to move us....forward, Mr. President.