A newly published book “Audacity: How Barack Obama Defied His Critics and Created a Legacy That Will Prevail,” by the New York magazine columnist and lefty firebrand Jonathan Chait acknowledges that “Obama’s supporters have experienced Obama’s presidency as a continuous disappointment.”
Let’s explain some of these words!
For most of Obama’s mandate, wage gains were largely confined to the rich as well as the administration’s planning in Libya failed similarly that the actual outcome of Obama’s Syria policy was disastrous.
On the book page 99 it is stated about those “overblown or even false claims that the new law [ObamaCare] was raising premiums,” but three pages later we learn, “Big insurers like Aetna pulled out of the exchanges, reducing options, and insurers in most markets raised their premiums.”
On page 31, Chait declares “the simplistic initial hope of Obama’s giddy supporters that the symbolism of a black president could help heal, if not eliminate, racial prejudice turned out to have a real basis in fact.” But 20 pages back he comes to the opposite conclusion: “racism continues to lurk deep in the American psyche,” “Americans had split once again into mutually uncomprehending racial camps,” “the continued existence of racism in American life has been confirmed by a library of social-science research.”
In addition, Chait states that the 2009 stimulus was dismally small and admits that the Republican critique of it as funding “a wish list of long-standing Democratic policies” had “an element of truth.”
Far from turbo-charging the economy, the stimulus was such a dud that five years after the recovery began, 72 percent of Americans said in a poll that they thought we were still in a recession.
That’s hard to dispute given the sluggishness of the recovery — economic growth has been by far the weakest of any post-recession period since WWII.
Obama is the first president since Herbert Hoover to fail to preside over a single year of 3 percent growth.
Most probably Obama entered office thinking: “They love me! So they’ll love everything I do!” No. He had no backup plan for what to do if Congress became less than generous with the rubber stamp. Virtually every president has to negotiate with Capitol Hill — Reagan faced hostile Democrats in the House for his entire presidency — but Obama thought horse-trading was beneath him.
So he contented himself giving speeches and signing executive orders that Donald Trump is about to feed into the shredder. It looks like Obama’s chapter in the history books is going to be much like his résumé when he was elected president: thin.