President Obama has presided over a massive expansion of the federal government during his six and half years in office. He shepherded Obamacare into law — a $1.7 trillion spending bill that vastly increased Washington’s role in the healthcare industry. He has raised taxes by nearly $2 trillion, while adding $8 trillion to the national debt. The president has also imposed more than 2,500 new regulations on the American economy that carry a staggering price tag of $670 billion.
It should come as no surprise then that our economy has limped along during the Obama presidency. The anemic two percent rate of growth on his watch is one of the weakest recoveries in American history and it has resulted in labor force participation falling to a 38-year low. Middle class families’ incomes have fallen by $2,000 and there are six million more people living in poverty today than when Barack Obama took the oath of office.
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