Categories: Politics

Obama’s Costly Failures with Dr. John Lott

[Due to the holiday week, I’m sharing with you one of my favorite PowerTalks from the past. This PowerTalk originally was posted on May 2, 2013. However, the following analysis is updated.].

Welcome to PowerTalk, where we talk with CEOs, COOs and other key business people at public and private companies as well as other subject matter experts.

While the latest U.S. economic is showing a bit of improvement, it’s not exactly lighting the world on fire. Unemployment still remains high and the Federal Reserve only is going to begin tapering its bond-buying, monetary-policy stimulus this month.

In addition, the true cost of Obamacare includes a poorly designed website that is limiting the number of people who can sign up. The New York Times and other media organizations are reporting about problems in the implementation of Obamacare.

It also seems that many people across the pond in the euro zone are realizing that austerity is not the solution. After years of insisting that the primary cure for Europe’s malaise is to slash spending, the champions of austerity, most notably Chancellor Angela Merkel of Germany, find themselves under intensified pressure to back off unpopular remedies and find some way to restore faltering growth to the world’s largest economic bloc.

Joining me to make some sense of all of this is Dr. John Lott, economist and author of the book “At The Brink.” In his new tome, John talks about how the Obama stimulus was the most expensive failure in history, why debt will continue to grow under Obama and why you can expect soaring health care costs.

Listen to my best-of-the-past behind-the-scenes PowerTalk conversation now, so you are even more in the know:

Access prior PowerTalk interviews here:

Smith & Wesson CEO James Debney Talks Guns and Safety

Tasting Profits in Wine with Barefoot Cellars Co-founder Michael Houlihan

Principal Solar Chairman and CEO Michael Gorton Talks Solar Energy

Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital Inc. on The Dollar, The Economy and The Fed

The Internet of Things with James Nolan, EVP of R&D at InterDigital

Chris Versace

Chris Versace is a veteran equity analyst and contributing editor to Eagle Daily Investor. His research has been covered in The Wall Street Journal, Forbes, Investor's Business Daily, and numerous other publications.

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