Five years on and President Obama still refuses to assume responsibility for his woeful economic record. The buck stops with Republicans, other countries, changes in the weather, etc.—anywhere but the Oval Office. Of course, it’s not new having a chief executive who refuses to admit failure. What is rare is having a news media that does not hold the President accountable.
So let’s establish the record. At 2.2 percent annual growth, we are now witnessing the slowest economic recovery in generations. Even the Council on Foreign Relations says “the economic expansion following the 2008 recession has been the weakest of the post-World War II era.” This is true across a number of fronts: economic growth, housing prices, industrial production and capacity, etc.
Liberals cry that what we need is more government overspending, which without a trace of irony they call “stimulus.” In other words, they want us to ignore the fact that this Administration and the Federal Reserve have spent more on government-based economic “stimulus” than any other in America’s history, and with little to show.
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