Under Barack Obama, the U.S. economy has performed worse than it did under any other president since the end of the Great Depression. After every other recession since World War II, the U.S. economy always regained what was lost and got even stronger before the next recession began. During this “economic recovery”, we have not even come close to getting back to where we were in 2008. In fact, the number of Americans living in poverty and the number of Americans that are dependent on the government both continue to explode even as Barack Obama runs up trillions of dollars of new debt. Anyone that believes that Barack Obama is going to “fix the economy” if he is given another four years in the White House has taken way too many sips of the Obama kool-aid. The truth is that Barack Obama is not going to save you. Barack Obama has royally messed up our economy (along with a lot of other things) and that is not something we should be thanking him for.
Yes, Barack Obama is not solely responsible for the economy. In fact, he does not even have the most influence over the direction of the economy.
However, if he had been willing or able to actually do what was necessary to fix the economy, he certainly had ample opportunity.
For example, the Democrats had full control of Congress during Obama’s first two years in office.
They were in a position to push through just about anything that they wanted to.
But just about everything that did get through Congress during those two years was full of really, really bad ideas.
More importantly, Barack Obama has done absolutely nothing to stand in the way of the nightmarish policies of the Federal Reserve.
Yes, the Federal Reserve does have more power over the U.S. economy than Barack Obama does.
But Barack Obama has made no moves to reign in the Fed or to stop their idiotic policies.
In fact, Obama has had nothing but good things to say about Federal Reserve Chairman Ben Bernanke, and he nominated Bernanke for another term.
Talk about stupid.
If you were the owner of a pro football team and your coach had lost every game for several years in a row would you give him a new contract?
Of course not.
But even though Federal Reserve Chairman Ben Bernanke has a track record of failure that would make the Washington Generals blush, Obama has given Bernanke his unquestioning support.
Obama insists that it would be a really bad idea to ever question the “independence” of the Fed. Obama believes that it is a good thing that U.S. monetary policy is determined by a panel of “experts” that work for a secretive organization that has no direct accountability to the American people whatsoever.
Yet their decisions have a huge impact on all our lives every single day.
So since Barack Obama has steadfastly refused to stand up to the Federal Reserve and has had nothing but wonderful things to say about Federal Reserve Chairman Ben Bernanke, it is fair to hold Obama at least partially responsible for the nightmarish economic conditions that Fed policies have helped create.
In the final analysis, basically every single decision that Barack Obama has made regarding the economy has been wrong. He has added trillions to our debt while flushing our economic future down the toilet at the same time.
Thanks Obama – you really have been awful.
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