Doing the same thing over and over again and expecting different
results, when in fact the results never change, is one definition of
insanity. That goes for economics, too.
Over the past seven and a half years, President Obama has maintained a steady course of burdensome new regulations, significant tax increases and massive federal spending on so-called infrastructure. He has unconstitutionally ordered executive actions, favored labor over business, attacked banks, insulted successful corporate leaders and backed federal government mandates on business.
And with all this, strong economic recovery from a deep recession -- which has been an American tradition -- never came to pass.
A recent Wall Street Journal news headline read, "The Worst Expansion Since World War II Was Even Weaker." The story proclaimed that this lackluster economic expansion is actually getting weaker.
Another recent Journal column titled "Productivity Slump Threatens Economy's Long-Term Growth" asserted that output per hour is experiencing the longest losing streak since 1979. The U-6 unemployment rate stands twice as high as the traditional unemployment rate, the U-3.
Yet Obama has continued to do the same thing over and over again.
And now comes Hillary Clinton's economic plan, which will deliver more stagnant growth, falling wages, dropping productivity and depressed investment.
http://www.investors.com/politics/columnists/lawrence-kudlow-insanity-once-more-hillary-clintons-economic-plan/
Over the past seven and a half years, President Obama has maintained a steady course of burdensome new regulations, significant tax increases and massive federal spending on so-called infrastructure. He has unconstitutionally ordered executive actions, favored labor over business, attacked banks, insulted successful corporate leaders and backed federal government mandates on business.
And with all this, strong economic recovery from a deep recession -- which has been an American tradition -- never came to pass.
A recent Wall Street Journal news headline read, "The Worst Expansion Since World War II Was Even Weaker." The story proclaimed that this lackluster economic expansion is actually getting weaker.
Another recent Journal column titled "Productivity Slump Threatens Economy's Long-Term Growth" asserted that output per hour is experiencing the longest losing streak since 1979. The U-6 unemployment rate stands twice as high as the traditional unemployment rate, the U-3.
Yet Obama has continued to do the same thing over and over again.
And now comes Hillary Clinton's economic plan, which will deliver more stagnant growth, falling wages, dropping productivity and depressed investment.
http://www.investors.com/politics/columnists/lawrence-kudlow-insanity-once-more-hillary-clintons-economic-plan/
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