We agree that oil prices and the Japan nuclear crisis had an impact on our economy.
However, Pres BO forgot to mention the strongest of all "head winds", or his policies.
First, Pres BO came into office without a team of people who had experience creating jobs in the private sector. He brought a bunch raised in the corrupt style of Chicago.
Second, Pres BO totally misunderstood the crisis of late 2008. He reacted with a "stimulus" aimed at sending cash to states. He should have fought for a package to revive the private sector.
Third, Pres BO overreacted by focusing so much time on passing a health insurance program that no one read or understood. Ironically, BO-Care is now an albatross around the economy's neck.
Yes, Pres BO can blame external factors. However, his polices are really the biggest "head wind" holding back the US economy.
We spoke about this with Bill Katz of Urgent Agenda on Sunday night:
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