Let’s take a look at President Obama’s economic legacy.
The Washington Examineropines on President Obama’s remarkable claim that he saved the world economy.
President Obama…wants to be remembered for…[being]…the savior of the American and global economies. “There are things I’m proud of,” he said, citing Obamacare, then added, “Saving the world economy from a Great Depression, that was pretty good.”
Not so fast. Looking at the economy’s anemic numbers the editors are less than impressed.
Obama will end eight years in office without presiding over a thriving economy of the sort America enjoyed in the past. It also suggests that even the mediocre growth of recent years depended on high oil prices, which have collapsed by more than half. This is the bitter fruit of creationist economics, the erroneous belief that government activity can somehow conjure new wealth and value.
The Wall Street Journal is similarly dour about…
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