If the economic data from President Barack Obama’s administration is any indicator, a potential President Joe Biden administration would see lackluster economic growth, a return to the absurdity of “clean energy,” and a complete loss of optimism.
Rumors continue to swirl about a former Vice President Joe Biden mounting a presidential campaign in 2020 after he met with failed presidential candidate Hillary Clinton earlier this month, which leads many to wonder what a return to Obama-era policies may mean for the United States economy.
If the 8 years Biden spent riding shotgun to President Obama are any indication, a hypothetical Biden administration could bring below average economic growth, lackadaisical job growth, and a return to massive spending on failed pet projects.
When President Obama took office in 2009, he unveiled a massive stimulus package designed to jump start the American economy. Instead, the economy grew at an average pace, and even constricted during several quarters during the Obama administration.
For example, in the last four years of President Obama’s administration alone, the economy shrunk three times. On another four occasions, it grew less than 1 per cent.
Meanwhile in President Donald J. Trump’s still-young presidency, the economy has grown steadily, sometimes achieving growth rates as high as 4.2 per cent in a quarter, and never less than the 1.8 per cent from the first quarter of 2017, when President Obama was still in office for 20 days.
Under President Obama, the annual GDP growth was never higher than 2.6 per cent, and sometimes was as low as 1.6 per cent.
Again, President Trump has exceeded his predecessor and expectations set for the United States, so far achieving an average growth rate of 2.5 per cent. Under Obama’s administration, economists expected the United States economy to grow at an average rate of only 1.8 per cent from 2018-2028.
Most tellingly are the different approaches to economic growth. While President Trump has focused on renegotiating or abandoning globalist trade deals, cutting and simplifying taxes, and working with businesses to increase investment in the United States, President Obama released stimulus package focused on “clean energy” and “low-carbon technologies.”
While the Obama administration was still attempting to brag about its futile spending as recently as February of 2016, its failures are well noted. Among them is Solyndra, the solar panel company that received $500 million in taxpayer dollars and promptly went bankrupt.
Of course, again drawing a sharp contrast to the Obama-Biden agenda, President Trump has instead focused on clean coal production. In the first few months of his administration, mining support jobs had already risen in demand by 37 per cent.
Unless Biden offers something substantially different from the man he shared the White House with, we can expect a return to the same failed policies of President Obama’s reign, and we can expect the economy to suffer accordingly.
New York Young Republicans Call for Order After Chaos at the Capitol
Order Must be Restored
On January 6, 2020 the New York Young Republican Club issued a statement calling for an instant restoration of law and order after protests escalated at the United States Capitol.
The protests were originally in support of President Donald Trump and his efforts to challenge the results of an election marked by massive irregularities. Several protesters pushed the envelope by breaking into the Capitol and interrupting the Senate and House of Representatives proceedings.
The Republican organization issued the following statement on the incident:
Today, what we see at the United States Capitol the result of American elites permitting general malaise to foment tangible destruction. We unequivocally condemn the interruption of Senate and House of Representatives proceedings. Anyone who breached the Capitol should be arrested and prosecuted to the fullest extent of the law because destruction and vandalism of property cannot be permitted by any actor.
We are the party of Law and Order, and we expect citizens all to operate in accordance with these standards.
U.S. policymakers will have to take a long hard look in the mirror. The lack of leadership has created a vicious cycle of radicalization that is increasingly getting out of control. Such developments could put America’s political system on the ropes if not addressed properly.
On the Republican side, there must be a clean break during the 2022 primaries, where the overwhelming majority of incumbents should face nationalist challengers. The current leadership has clearly failed and must be replaced.
Tech4 days ago
BASED: Government of Uganda Bans Twitter From Country After Censorship, Election Interference
Sports3 days ago
National Hockey League Declares War on Trump Supporters? Former Trump Campaign Staffer Reveals Chilling Account of Political Persecution
Violent Left2 days ago
Leftist Thug Targets Roger Stone’s Handicapped Wife for Vicious Attack in Own Neighborhood
Congress3 days ago
Freshman GOP Rep. Nancy Mace Calls for Federal Investigations Against Pro-Trump Lawmakers
Congress2 days ago
Nikki Haley Announces Super PAC to Support Anti-Trump Incumbents with Big Corporate Money
Politics4 days ago
BETRAYAL: Mitch McConnell “Pleased” About Impeachment, Wants Trump and MAGA Movement Purged from GOP
Politics4 days ago
EPIC: Baylor University’s Young Americans for Freedom Renames Itself “Baylor Bull Moose Society” in Split from Organization
Politics4 days ago
DESPICABLE: Freshman House Republicans Nancy Mace and Peter Meijer Blast President Trump Upon Taking Office