|'Obamanomics' not working|
From the very start of his presidency Barrack Obama has blamed the economy's poor performance on the "failed" policies of his predecessor George Bush. His insistence on shifting the blame is reinforced virtually every day by various Democrat pollsters, strategists, spokespersons, party loyalists, public officials, and assorted other allies.
If their claims had any validity at all, one would expect to find some improvement of late especially for Obama's base: African-Americans, Hispanics, young Americans, and labor. It's here, however, that his supporters' claims collide with data published by Obama's own Departments of Labor and Commerce on unemployment, inflation, GDP, labor productivity, real compensation, and labor's share of the economic pie.
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Edward J. O’Boyle is Senior Research Associate with Mayo Research Institute.
He has offices in West Monroe, Lake Charles and New Orleans. He can be reached at 381-4002 or email@example.com.