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Thread: Report: Economic Growth 'Half of What the President Said His Policies Would Deliver'

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    Report: Economic Growth 'Half of What the President Said His Policies Would Deliver'

    Report: Economic Growth 'Half of What the President Said His Policies Would Deliver'
    12:03 PM, MAR 27, 2014 • BY DANIEL HALPER
    Report: Economic Growth 'Half of What the President Said His Policies Would Deliver' | The Weekly Standard



    In 2009, President Obama predicted his policies would produce 4.2 percent growth in 2013—more than double the actual, anemic growth rate of 1.9 percent. Since making that projection, President Obama has had much of his economic agenda implemented: the $870 billion stimulus bill, Dodd-Frank financial regulations, Obamacare, restrictions on American energy, $1.7 trillion in higher taxes, unfettered regulation, etc. Our debt has soared from $10.6 trillion to $17.5 trillion on the promise that this would stimulate the economy and produce prosperity, yet now we’re left with none of the prosperity and all of the debt," the Republican side of the Senate Budget Committee says.

    But this was not a one-time error used to sell bad policies. For 2013, the average of all four white House budget projections from 2009–2012 was 3.9 percent—still almost double the actual growth rate. These are not just academic figures—weakened growth means millions of lost jobs and reduced incomes. While debt has grown 64 percent since 2009, median household income has declined 4.5 percent—or $2,268 per household.

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    Re: Report: Economic Growth 'Half of What the President Said His Policies Would Deliv

    A clear pattern of Obama failing to meet even his own expectations, year after year.

    This reality is likely to have an impact in November, when the Republicans gain the Senate.

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    Re: Report: Economic Growth 'Half of What the President Said His Policies Would Deliv

    Clearly Bushes fault!

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    Re: Report: Economic Growth 'Half of What the President Said His Policies Would Deliv

    Quote Originally Posted by CalGun View Post
    Clearly Bushes fault!
    Isn't everything? When it isn't Halliburton's fault anyway.

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    Re: Report: Economic Growth 'Half of What the President Said His Policies Would Deliv

    The Koch brothers are destroying the economy and the wonderfulness that is Obama.

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    Re: Report: Economic Growth 'Half of What the President Said His Policies Would Deliv

    Quote Originally Posted by tres borrachos View Post
    Isn't everything? When it isn't Halliburton's fault anyway.
    Its always someone elses fault. Thats how liberals do.

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    Re: Report: Economic Growth 'Half of What the President Said His Policies Would Deliv

    O look a neoconservative opinion rag running something negative about the President.

    I'll pass thanks, I try to avoid reading garbage.

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    Re: Report: Economic Growth 'Half of What the President Said His Policies Would Deliv

    Quote Originally Posted by Wiseone View Post
    O look a neoconservative opinion rag running something negative about the President.

    I'll pass thanks, I try to avoid reading garbage.
    Only to a liberal are facts considered garbage. It must be a coping mechanism.

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    Re: Report: Economic Growth 'Half of What the President Said His Policies Would Deliv

    Quote Originally Posted by US Conservative View Post
    Only to a liberal are facts considered garbage. It must be a coping mechanism.
    Maybe it is factual, problem is that the source is so bias that I can't trust it and I don't care to do all the leg work of verifying it. Its not just right wing publications, I criticize places like media matters for the exact same reason.

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    Re: Report: Economic Growth 'Half of What the President Said His Policies Would Deliv

    Quote Originally Posted by Wiseone View Post
    Maybe it is factual, problem is that the source is so bias that I can't trust it and I don't care to do all the leg work of verifying it. Its not just right wing publications, I criticize places like media matters for the exact same reason.
    Its a cop out-you are taking the intellectually lazy way out and you know it.

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