01/12/2017

13 Inconvenient Truths About Obama’s Legacy [Watch]

Genevieve Wood, Daily Signal

According to President Barack Obama, the last eight years have been just swell. But his rendition of history leaves out a few important facts about the state of America following his two terms as president.

In two videos, we run through 13 facts about his administration’s domestic and foreign policy record he conveniently ignores.

On the domestic front, the national debt has almost doubled on his watch. He is responsible for an unparalleled expansion of the job-killing regulatory state. And his signature policy, the Affordable Care Act, has proven to be anything but affordable for many Americans.

His foreign policy and national security record also paints a bleak picture. By any objective measure, transnational terrorist threats are far greater today than when Obama took office in 2009. His policy of appeasement toward hostile regimes in Iran and Cuba have not made Americans safer or the Cuban people freer. And his refusal to adequately fund the U.S. military has threatened the readiness of our country’s armed forces.

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Keynesian Economics and the Great Depression

Hillsdale College economics professor Gary Wolfram discusses Keynesian economics and the factors that pulled the national economy out of the Great Depression. The story of World War II shows that government spending may produce activity, but not the prosperity of a truly healthy economy.

 

-- Gary Wolfram, Hillsdale College,

Shadow Stats Snapshot


ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    BLS: 4.5%
    Shadow Stats: 22.5%
  • Inflation:
    March Year-to-Year: 2.74% (CPI-U*)
    Shadow Stats: 10.5%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]