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Charlie Sykes: Sykes Writes

Obama By The Numbers

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The metrics of decline are stunning: exploding debt; the nation's first downgrade; stagnant jobs numbers, a drop in international competitiveness. Economist Michael Boskin runs the numbers and looks at a record of failure. Don't miss the 'Records set on Obama's Watch" sidebar.

President Obama constantly reminds us, with some justification, that he was dealt a difficult hand. But the evidence is overwhelming that he played it poorly. His big government spending, debt and regulation fix has clearly failed. Relative to previous recoveries from deep recessions, the results are disastrous. A considerable fraction of current joblessness, lower living standards, dependency on government and destroyed savings is the result. Worse, his debt explosion will be a drag on economic growth for years to come.

 

 

 

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