President Obama’s June 14 address in Cleveland presented his foundational economic policy arguments for this fall’s campaign. We will hear those same rhetorical points over and over this year, at least until his pollsters realize they are doing more harm than good.
The marker Obama himself laid down for judging his economic policies is whether they would serve “to create strong, sustained growth…pay down our long-term debt…[and] generate good, middle class jobs….” Last week, we discussed how his economic policies would consistently produce the opposite of those results, just as they have in his Presidency so far. But his speech contained many more fallacies that further illuminate his perverse economic thinking.
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