The Worst Steward of the Economy in American History

By Steve McCann

While the debt ceiling dance continues in Washington D.C. and the Republicans in the Senate are going wobbly, they need to understand they are dealing not only with an intransigent party in the White House but also someone that is the most incompetent president in modern history, and the worst steward of the American economy since the nation's founding. The Obama sycophants often resort to the White House pre-packaged line that Obama inherited the worst economy since the Great Depression, as a means of deflecting responsibility onto George Bush. Like so many of the emanations from this administration that too is a fabrication. As side-by-side comparison of circumstances inherited by Reagan and Obama is as follows: Reagan Obama Inflation 13.5% 0.0% Unemployment Rate 7.5% 7.6% GDP Growth (Previous Year): -0.27% 0.0% Prime Bank Interest Rate 18.5% 3.25% Among the factors that reflect the tale of the two presidencies is the price of gold. Recently the price of gold reached $1,609.00 per ounce. While this is an historic high in.... (Read Full Article)