David Stockman Interview: Why Obama's Economic Recovery Claims Are Bogus


Supporters of Barack Obama say his economic record is actually quite strong, and that right-wingers simply can’t accept that. David Stockman, formerly of the Reagan administration, reduces these claims to rubble, and then destroys the rubble.

Among the issues covered:

  • Has Barack Obama been a great job creator?
  • Has Obama outperformed Ronald Reagan on job creation?
  • Is it true that the low labor force participation rate is just a function of retiring Baby Boomers?
  • Did “the sequester” interrupt Obama’s otherwise successful rejuvenation of the economy?
  • Would more infrastructure spending help the economy?
  • What has real investment growth been like?
  • Isn’t the booming stock market an indication that the president is on the right track?

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.

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