At The Brink is an examination of President Obama’s policies
including the Patient Protection and Affordable Care Act, the economy
and fiscal policy, regulatory policy, and gun control. All of these
major policy areas are being transformed by the President’s policies. As
Lott argues:
What makes [President] Obama different is that he truly believes that
the government is the solution to our problems. He actually wants more
government spending, more regulations, more gun control. He simply does
not rate individual freedom very highly.[4]
In dealing with the Great Recession the policies implemented by the
President and Democrats in Congress have failed to bring out a solid
economic recovery. Unemployment continues to remain high, uncertainty
remains as an albatross on the economy, and the fiscal crisis is
worsening as the national debt, close to $17 trillion, and deficits
continue to demonstrate that the nation faces a spending problem rather
than a revenue problem.
Lott argues that the nation “can blame Obama’s dismal economic record on
his misguided principles,” and he compares the record of President
Ronald Reagan, who “was able relatively to get America out of a
recession that in many ways was even worse than that of 2008.”[5]
Currently the weak economy has escalated the number of people receiving
both food stamps and increased the amount of people claiming disability.[6]
It is clear that slow economic growth, high unemployment, and the
increasing demand for welfare services demonstrates that the “recovery”
is very fragile.
President Obama’s fiscal policies continue to call for more stimulus
spending or “investment” in various sectors of the economy including
green energy, transportation and infrastructure, and education. The
Keynesian economic policies, first seen with the massive $825 billion
stimulus, failed to resolve the jobs crisis.[7]
The President’s policies, just as with the massive Keynesian-style
spending utilized by President Franklin D. Roosevelt’s New Deal,
demonstrate that the federal government cannot spend itself out of an
economic crisis.
Adding to the poor economic recovery is what Lott correctly describes as
President Obama’s “war on business” as seen through his increase in
regulations and in the regulatory power of government.[8]
New regulations have been imposed in regard to health care (Affordable
Care Act), environment, and the financial sector (Dodd-Frank), but as
Lott argues, “we should not forget how Obama is transforming the country
through a multitude of smaller regulations that for the most part have
passed unseen.”[9]
“All in all, Obama’s regulatory regime makes running a business more
costly and will make markets more rigid, argues Lott.”[10]
President Obama is also following a policy of higher taxation and
spending. His rhetoric is based on class warfare by attacking the
“wealthy Americans” and asking them to “pay their fair share” in higher
taxes. President Obama has also escalated federal spending:
During [President] Obama’s first four years in office, publically held
debt increased by $5.5 trillion. And there is no let-up in sight. If the
administration has its way, the debt will grow by another $8 trillion in
the decade from 2013 to 2022. When [President] Obama took office,
publically held debt stood at $20,600 per person. At the end of his
first term it had almost doubled to over $37,000 per person. That figure
is projected to grow to almost $49,000 by the end of his second term.
That’s $195,000 for a family of four.[11]
As Lott argues “the federal government of the United States is ensnared
in a fiscal crisis not because it doesn’t take enough from its citizens
in taxes, but because it spends too much.”[12]
The Affordable Care Act, increase in regulations, high taxes and
spending, have all contributed to the dismal economic recovery and high
unemployment.
At The
Brink
provides a substantial policy analysis of President Obama’s major
policies that are transforming America, which is detrimental to our
constitutional system. As Lott explains:
The United States has been on this unsustainable course for quite a
while. What’s new is that a true left-wing ideologue is in charge. The
one prediction we can make with confidence is that [President] Obama
will try to impose a top-down government ‘solution’ for every problem we
face. By the end of his second term, we could be left not only with a
mountain of debt but also with expanded groups of people who think they
‘deserve’ a government handout. It is going to be very difficult to
reverse course.[13]
President Obama’s fiscal policies, overhaul of the healthcare system,
expansion of the regulatory state, use of executive power, and his
crusade against the Second Amendment’s right to keep and bear arms, all
represent the serious nature of the need to restore constitutional
limited government. By writing At The Brink, John R. Lott Jr.,
has provided citizens with a clear and concise review of President
Obama’s policies and the need to return back to the constitutional
principles that guided past Presidents such as Ronald Reagan.
John R. Hendrickson is a Research Analyst at Public Interest Institute.
The views expressed herein are those of the author and not necessarily
those of Public Interest Institute or Tax Education Foundation. They are
brought to you in the interest of a better-informed citizenry.
[3]
John R. Lott, At The Brink: Will Obama Push Us Over the Edge?
Regnery Publishing, Washington, D.C., 2013.