The NYT has an article up titled The Most Successful Democrat Since F.D.R. It’s about Barack Obama.
CNBC is reporting that Deutsche Bank is forecasting that Donald Trump’s economic proposals should double the economy’s growth rate by 2018. After the beating that my retirement funds have taken over the past eight years, I’d be pleased to see that. One of the reasons I now plan to work until I’m 75 is the economy’s poor performance over the past decade—and I don’t blame Bush. As the CNBC post notes,
Obama is the first president since Herbert Hoover not to see at least 3 percent growth for a calendar year.
The 20th of January can’t come too soon.
Valerie Jarrett recently said that she was proud that the Obama Administration has been “scandal-free.”
The victims of Operation Fast & Furious were unavailable for comment.
Paul Sperry reports at the NY Post that one of the servers used for Hillary’s private email system was not destroyed but was “repurposed” as a work station. However, FBI agents were not permitted to seize it. It turns out that some of the “lost” emails may be recoverable.
Also, Andrew McCarthy has a piece up at NRO dealing with an email release through Wikileaks that shows that President Obama was lying when he said that he was unaware of Hillary’s private email until he heard about it through news reports. It seems that he was sending her emails using the private address.
Michael Goodwind has a column at the NY Post where he opines that regardless of who wins the Democrat’s nomination, Bernie has won the future of the party. It’s his agenda not Hillary’s that will make its way into future platforms.
America doesn’t need a double dose of the same bad medicine, but that is what young Democrats want. They believe Obama has been too moderate and see Clinton as even more old-school.
Just so, and bad medicine is a good analogy. The inept regulatory state expanded by President Obama and our presence in the world that he’s contracted have weakened the nation. Just as bleeding George Washington with leeches was not helpful during his terminal illness, another, stronger dose of Obama’s medicine will not be good for America.
Read the whole thing. And read all the way to the end of the column for the bit about Michael Bloomberg.
The President claimed in his State of the Union speech that the national economy is doing well. That may seem true inside the Beltway, but out here in the Real World, it doesn’t look so good.
Salena Zito writes that economic discontent is widespread.
The economy is dismal not just in the old Rust Belt but nationwide. On Tuesday, the National Association of Counties released its gold-standard study that shows, six years after the economic expansion began, 93 percent of U.S. counties have failed to fully recover from the devastating contraction they suffered during the recession.
Only 7 percent, or 214 out of 3,069 counties nationwide, recovered by 2015 to their pre-2008 numbers on total employment, economic expansion, home values and unemployment.
Read the whole thing. She suggests that the economic malaise of the Obama economy is one of the key drivers of the populist unrest pushing both the Trump and the Sanders presidential campaigns.
John Hinderacker chimes in, noting that the economic recovery over the last 7 years has been the worst in the past 70, in large part because of government disincentives.
In other words, government welfare programs are crushing America’s economic growth.
He’s posted a staggering chart of federal welfare programs that spend over a terabuck (a trillion dollars) each year. It’ll still be too hard to read after you click to enlarge it.
Meanwhile, back inside the beltway, DC city officials are bent out off shape because their minimum wage hike has caused Walmart to have second thoughts about building more stores in the city.
CBS News reports that the latest CBS/NYT polling shows the startling result Barack Obama has a mixed job approval rating. Apparently, there are still some people who approve.