You cannot trust a party of the left with the management of an economy

From New Data Shows Absolute Economic Destruction During Obama Years. And these figures are not from some ratbag bunch of observers. This is where they are from:

The Federal Reserve Bank of St Louis just released this single snapshot of economic performance over the Obama years.

And what do the figures show:

Federal debt went through the roof as we added more debt than all other previous periods combined.
We printed lots of money to paper over the monetary effects.
Health costs went way up when we were told they would drop. Obama care was a flop.
Labor force participation went down as unemployment increased and many just dropped out of the workplace altogether.
Inequality went up and up, as the rich got richer and the middle class shrank.
Median income dropped.
Home ownership also fell way down.
Overall, Americans were far worse off than before and we were told there was NO hope.
The country was losing to China and our children and grandchildren would not live as well as their parents and grandparents had.
Jobs would never return.

Venezuela is all that parties of the left know since they know nothing about allowing a market economy to work. Politically authoritarian and economically socialist. Yet they are the almost-governments everywhere and are only stopped when they are in government because the damage they create causes a backlash before they can go much farther. But eventually they return and carry their projects a little further along.

This entry was posted in Economics and economy, Economics on the left. Bookmark the permalink.

16 Responses to You cannot trust a party of the left with the management of an economy

  1. eb

    Graphic doesn’t download for me!

  2. John A

    Follow the link in the text

  3. Ƶĩppʯ (ȊꞪꞨV)

    WOuld you trust your children with this man?

  4. Credit where credit is due.
    The Kenyan did a magnificent job once we understand what it is he was trying to do. His intentions turned to reality in a spectacular way and not just regarding the economy.
    If only we had leaders who can turn their intentions to reality as well as Barry did.

  5. Indolent

    Credit where credit is due.
    The Kenyan did a magnificent job once we understand what it is he was trying to do. His intentions turned to reality in a spectacular way and not just regarding the economy.
    If only we had leaders who can turn their intentions to reality as well as Barry did.

    +1

  6. J.H.

    The political class expanding the Taxpool and the Welfare herd. The “animal husbandry” of socialism.

  7. 2dogs

    My Fair Borders proposal would fix the problem of government debt permanently. Just saying.

  8. PB

    The process of (((Fed))) debt expansion began under Bush the stupid. Its not a Left/Right thing. It transcends that paradigm, not that anyone is meant to notice.

  9. Fisky

    My Fair Borders proposal would fix the problem of government debt permanently. Just saying.

    We will definitely be using hard currency only after the thermonuclear war caused by your insane proposal.

  10. max

    Gary North:
    The obvious silliness of all this should be apparent to anybody who knows about bipartisan American politics since approximately 1953. There has been a bipartisan American foreign policy. There has certainly been a bipartisan policy with respect to Social Security and Medicare. There has been a bipartisan policy with respect to the federal deficit. On anything that has mattered, bipartisan politics has been dominant. On peripheral issues, such as ObamaCare, Congress has voted along party lines, but even that division was short-lived. There were sufficient numbers of Republicans in the Senate who voted with the Democrats this year to save ObamaCare. The Republicans’ 100% opposition was political posturing in 2010.

    Douglas Macgregor On Why America’s Wars Never Stop
    From Tucker Carlson Tonight, 20 May 2019

  11. Why should we trust any party to manage the economy?

  12. egg_

    New Data Shows Absolute Economic Destruction During Obama Years.

    Quelle surprise that virtue signalling would cost the Economy – free mobile phones for the unemployed n’all.

    I for one am grateful that Obama saved General Motors.

  13. Agree, Brian. I think it was Lord Acton who said that it is not just one political class unfit to govern, they are all unfit to govern.

  14. Karabar

    “The Kenyan did a magnificent job once we understand what it is he was trying to do. His intentions turned to reality in a spectacular way and not just regarding the economy.
    If only we had leaders who can turn their intentions to reality as well as Barry did.”

    Our Juliar was but a poor imitation.

  15. Alessio

    Obama, cause or coincidence/correlation? Whatever, the charts don’t lie.

  16. The Fifth Bike Rider of the Apocalypse

    I always thought that Barry was about as useless as a one legged man in an arse kicking competition now the proof is there for everyone to see that the American public’s faith in the Kenyan was as misplaced as condom machine in the Vatican.

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