Conn Carroll | Obama’s imperial presidency is killing our economic recovery

“This is the worst economic recovery America has ever had,” “CBS Evening News'” Scott Pelley reported in July. And this past Friday’s Gross Domestic Product report from the Commerce Department, showing the U.S. economy grew at an anemic 2 percent in the third quarter, confirmed Pelley’s conclusion. Since the Obama recovery began more than three years ago, the economy has grown at the slowest rate of any recovery since World War II.

There are many reasons why President Obama’s policies have failed to create an adequate environment for even an average economic recovery. But one of the most important was his decision to embrace a governing blueprint published by a progressive think tank, the Center for American Progress.

Published just days after Obama suffered a historic defeat at the polls in 2010, the CAP’s “The Power of the President” report outlined how Obama could keep moving the ball on his progressive agenda without congressional approval.

“In the aftermath of this month’s midterm congressional elections, pundits and politicians across the ideological spectrum are focusing on how difficult it will be for President Barack Obama to advance his policy priorities through Congress,” CAP President John Podesta wrote in his preface.


(18853 Posts)

Leave a Reply