The economic growth rate during each of the last eight presidential administrations (beginning with Eisenhower's) was lowest during Obama’s term in office, January 2009 through October 2015, an era of multiple tax hikes and pervasive regulatory expansion.
NAFTA and the Asia-Pacific Economic Cooperation (APEC) summit are not designed to improve the economic outlook of the United States or create jobs; they are simply about transferring power to a central government, regardless of jobs, as their proponents admit.
“Don’t let anyone tell that, ah, you know, it’s corporations and businesses that create jobs,” Hillary Clinton proclaimed to loud applause at a political rally in Boston on October 24.
“You know that old theory — trickle-down economics,” she continued. “That has been tried. That has failed. It has failed rather spectacularly.”
So-called “Certificate Of Need” laws in the healthcare sector prevent new competitors from entering the market and reward the current dominant players. It is a corrupt cartel system that prevents innovation and competition, denies consumers choices in healthcare, and guarantees ever-rising prices.
These two authors of the recent article on the economy in Foreign Affairs magazine suffer from a complete disconnect from the real world.