The weapon is the assumption that under any President the economy would blow just as much.
It is, as President Bush might say, the inculcation of the electorate with the 'soft bigotry of low expectations' of the economy.
Democrats hope you think that under any President things economically wouldn't be any better.
Now a new book explodes that assumption.
When the environment is especially uncertain, the wait lengthens, and the economy can suffer enormously. “This observation,” writes Kevin Hassett of the American Enterprise Institute in The 4% Solution, the new book published by the Bush Institute, “ignited a vast literature that has documented the negative effects of uncertainty.”
In light of this report, journalists may have to sharpen their pencils and minds. Politicians finally will have a sharp sword to wield. They may even have the heart to quote Senator Marco Rubio, who has boldly said for awhile now that under President Obama everything about the economy is worse. And he's right. His policies have assured this.
What have ObamaCare and Dodd-Frank and all of their so far unwritten rules done? Created even more uncertainty in the economy and markets than there already is. And what has that done to the economy? From Forbes:
"Scott Baker, Nicholas Bloom, and Steven Davis recently constructed an “uncertainty index” for the years 1985 to 2011 and found that uncertainty was the highest on record last year, likely reducing Gross Domestic Product by an incredible 1.4 percentage points. Without the heightened uncertainty, the U.S. economy would have grown at more than 3%, with hundreds of thousands of additional jobs created."And how has Obama created the uncertainty? More from Forbes:
Some uncertainty we can eliminate. In 2009, the federal government stripped holders of General Motors and Chrysler bonds of their legal rights in a reorganization that instead gave hefty benefits to the United Auto Workers. As a result of that experience, potential bond buyers are uncertain whether the government will seize or decimate their assets in the future – a sure way to depress capital investment.The Republicans would have let the markets work more often than the Democrats.
Under Obama and the Democrats everything is worse. Now you have proof. It's time for those who oppose these treacherous decisions to call them out.
And make it better.