Drawn into the stream
Of undefined illusion
Those diamond dreams
They can't disguise the truth
--Level 42
Jeff Tucker reflects on the reasons for Barack Obama's failed presidency. All of the feel good feelings of his supporters that ushered him into office in 2009 could not substitute for a fatal flaw in the Obama administration: economic ignorance. Much like the FDR years, Obama and his cronies believed that an economic team packed with technocrats could govern the country out of recessions and into prosperity.
Growth never came, however, leaving middle America high and dry. His signature Affordable Care Act, the high water mark of central planning folly for this administration, has predictably been sucking billion$ more out of those same Americans' wallets.
The president's political party has been paying dearly for his mistakes at the ballot box. Since Obama took office, over 1,000 Democrats have lost elections. Republicans control both the House and Senate at the federal level and the majority of state legislatures.
Results of the recent presidential election merely iced the cake that the Obama administration has been baking for years.
Monday, December 26, 2016
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