Center for Freedom and Prosperity Foundation
For Immediate Release
Tuesday, October 9, 2012
The Dismal Record of Obamanomics Exposed By New CF&P “Economics 101” Video
(Washington, D.C., Tuesday, October 9, 2012) The Center for Freedom and Prosperity Foundation (CF&P) released today its latest “Economics 101” video. Entitled, “Obamanomics: The Dismal Record,” the video explains how the President’s policies have caused a very anemic recovery, and contrasts the failed statism of Obamanomics with the successful policies of Reaganomics.
Narrator Audra Achiu first provides a brief summary of the President’s major legislative achievements, painting a picture of a centralized approach consisting primarily of more spending and onerous regulation. The video follows with a rundown of the recovery’s sub-par performance as unemployment remains high and the labor force continues to dwindle, and highlights the particularly bleak outlook for minorities and youth.
The weak recovery under Obamanomics is contrasted with a very robust upturn following a similarly deep recession inherited by another president – Ronald Reagan.
“Americans don’t need to be told that the economy is weak,” said CF&P Foundation President Andrew Quinlan. “They live it every day, watching friends and family struggle to make ends meet. This video shows there is an alternative approach that works.”
“Small government and free markets are the keys to prosperity,” noted Dan Mitchell of the Cato Institute. He added that, “Sadly President Obama, like Bush before him, has taken us in the wrong direction.”
The economy is suffering from the weakest recovery since the end of World War II, in large part because President Obama has increased the burden of government. This mini-documentary also contrasts the economy’s anemic performance under Obamanomics with the strong expansion under Reaganomics.
This new video is part of CF&P’s Economics 101 video series, which is designed to explain free market concepts, with particular emphasis on reaching students and young people. This is the twentieth video in the series.
The other Econ 101 videos: Obamanomics: A Legacy of Wasteful Spending; Third-Party Payer is the Biggest Economic Problem With America’s Health Care System; The Dangers of Government Dependency; The New Deal Was A Failure: Hoover and FDR Prolonged the Great Depression with Big Government; The European Fiscal Crisis and Lessons for America, Free Markets, Not Redistribution, Is Best Way to Reduce Poverty, Seven Reasons Why Tax Increases Are the Wrong Approach; Tax Competition: A Powerful Force to Restrain Big Government; Four Reasons Why Big Government Is Bad Government; Keynesian Economics Is Wrong: Economic Growth Causes Consumer Spending, Not the Other Way Around; Indexing the Capital Gains Tax to Protect Taxpayers from Inflation; Repealing Obamacare and Restoring a Free Market in Healthcare; The Job-Killing Impact of Minimum Wage Laws; Deficits, Debts and Unfunded Liabilities; Cost of the Internal Revenue Code; Lessons Learned From Sweden; Government Monopolies; Moral Hazard; and Don’t Copy Europe’s Mistakes.
CF&P Foundation has also released more than four-dozen mini-documentaries since 2007. These videos include Tax Competition Primer, VAT-Hidden Tax, Global Flat Tax Revolution, Cutting the U.S. Corporate Income Tax, Promoting Prosperity, Obama’s So-Called Stimulus, Obama’s Deferral Proposal, Case Against Class-Warfare Tax Policy, President Obama’s Dishonest Demagoguery on Tax Havens, Six Reasons Why the Capital Gains Tax Should Be Abolished, a three part series on the Benefits of Tax Havens and another three-part series on the Laffer Curve.