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| | [[Poverty]]<ref>http://www.census.gov/hhes/www/poverty/data/incpovhlth/2009/pov09fig04.pdf</ref> has increased markedly in his time in office.<ref>http://www.usatoday.com/news/nation/census/2010-09-16-poverty-rate-income-numbers_N.htm</ref>By and large, his economic policies to combat the recession have, to date, ranged from ineffective to counterproductive.<ref>"The vast majority (73%) of respondents reported the fiscal stimulus enacted in February 2009 has had no impact on employment to date. While 68% also believe a jobs bill, such as the one recently enacted into law, will have no impact on payrolls, 30% do believe it will boost payrolls moderately". ''Industry Survey'', National Association for Business Economics, April 2010, [http://www.nabe.com/press/ind1004.pdf p. 2 pdf].</ref> Also on the domestic front, Obama passed a major [[health care]] bill in 2009 with no [[bipartisan]] support and 34 Democrats dissenting. In foreign policy Obama has escalated the [[Afghanistan War]] and, against his own Defense Secretary's advice, [[Libyan uprising 2011|attacked Libya]] - a possible violation of the [[War Powers Act]]. On May 1st 2011 he announced that the United States had killed [[September 11th]] mastermind and terrorist [[Osama bin Laden]] in [[Pakistan]] with negligible impact on his overall approval ratings. | | [[Poverty]]<ref>http://www.census.gov/hhes/www/poverty/data/incpovhlth/2009/pov09fig04.pdf</ref> has increased markedly in his time in office.<ref>http://www.usatoday.com/news/nation/census/2010-09-16-poverty-rate-income-numbers_N.htm</ref>By and large, his economic policies to combat the recession have, to date, ranged from ineffective to counterproductive.<ref>"The vast majority (73%) of respondents reported the fiscal stimulus enacted in February 2009 has had no impact on employment to date. While 68% also believe a jobs bill, such as the one recently enacted into law, will have no impact on payrolls, 30% do believe it will boost payrolls moderately". ''Industry Survey'', National Association for Business Economics, April 2010, [http://www.nabe.com/press/ind1004.pdf p. 2 pdf].</ref> Also on the domestic front, Obama passed a major [[health care]] bill in 2009 with no [[bipartisan]] support and 34 Democrats dissenting. In foreign policy Obama has escalated the [[Afghanistan War]] and, against his own Defense Secretary's advice, [[Libyan uprising 2011|attacked Libya]] - a possible violation of the [[War Powers Act]]. On May 1st 2011 he announced that the United States had killed [[September 11th]] mastermind and terrorist [[Osama bin Laden]] in [[Pakistan]] with negligible impact on his overall approval ratings. |
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| − | [[John Maynard Keynes]] was an incompetent [[liberal]] [[British]] economist, [[John Maynard Keynes and pederasty|pedophile]] and one of the most persuasive frauds of the 20th century.
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| − | <ref>
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| − | *[http://www.keynesatharvard.org/book/KeynesatHarvard-ch09.html KEYNES AT HARVARD Economic Deception as a Political Credo BY ZYGMUND DOBBS]
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| − | *[http://www.theatlantic.com/daily-dish/archive/2008/01/keyness-jew-boy-quickie/220620/ The Atlantic - Keynes' pederasty]
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| − | *[http://centurean2.wordpress.com/2011/03/20/fabian-john-maynard-keynes-the-stealthy-enemy-of-human-freedom/ John Maynard Keynes the stealthy enemy of human freedom]
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| − | *[http://www.bloomberg.com/news/2010-02-22/deathbed-of-keynesian-economics-will-be-in-u-k-matthew-lynn.html Deathbed of Keynesian Economics will be in the UK]
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| − | *[http://www.iwf.org/inkwell/show/23102.html Will the G8 Repudiate the Philosophy of Living Beyond Our Means?]
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| − | </ref> It is ironic that [[liberal]]s such as [[Barack Obama]] advocate [[Keynesian Economics|Keynesian economic concepts]] since they are violating one of Keynes' key principles. [[John Maynard Keynes]] advocated having governments run [[budget surplus|budget surpluses]] during good economic times.<ref>EK Brown-Collie and Bruce E. Collier, What Keynes really said about deficit spending, Journal of Post Keynesian Economics, Vol. 17, No. 3, Spring, 1995</ref>
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| − | In addition, Keynes advocated that governments should increase government spending during difficult times and even engage in [[deficit spending]].<ref>
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| − | *[http://www.keynesatharvard.org/book/KeynesatHarvard-ch09.html KEYNES AT HARVARD Economic Deception as a Political Credo BY ZYGMUND DOBBS]
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| − | *[http://www.theatlantic.com/daily-dish/archive/2008/01/keyness-jew-boy-quickie/220620/ The Atlantic - Keynes' pederasty]
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| − | *[http://centurean2.wordpress.com/2011/03/20/fabian-john-maynard-keynes-the-stealthy-enemy-of-human-freedom/ John Maynard Keynes the stealthy enemy of human freedom]
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| − | *[http://www.bloomberg.com/news/2010-02-22/deathbed-of-keynesian-economics-will-be-in-u-k-matthew-lynn.html Deathbed of Keynesian Economics will be in the UK]
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| − | *[http://www.iwf.org/inkwell/show/23102.html Will the G8 Repudiate the Philosophy of Living Beyond Our Means?]
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| − | </ref> Keynes was also against large structural deficits as he believed they are a drag on the economy.<ref>http://money.cnn.com/2010/02/04/news/economy/meltzer_keynes.fortune/</ref> Liberals such as Barack Obama [[American Recovery and Reinvestment Act of 2009|advocate massive U.S. government spending]] during a period when the federal government already has a [[Obama administration fiscal policy|massive amount of existing debt]]. Furthermore, Obama's colossal government spending was inefficient and [[American Recovery and Reinvestment Act of 2009|did not pull the American economy out of its economic problems]], but merely [[Obama administration fiscal policy|buried the U.S. economy under more debt.]]
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| − | In 2010, Keynes' native land of [[Britain]] (which is deeply in debt) repudiated the Keynesian economic folly of government deficit spending through the implementation of a government austerity budget during a period of economic difficulty.<ref>[http://www.iwf.org/inkwell/show/23102.html Will the G8 Repudiate the Philosophy of Living Beyond Our Means?]</ref><ref>[http://www.bloomberg.com/news/2010-02-22/deathbed-of-keynesian-economics-will-be-in-u-k-matthew-lynn.html Deathbed of Keynesian Economics will be in the UK]</ref> Although government certainly is necessary, the more efficient private sector is better at creating economically productive jobs and other economic activity such as [[investment|investing.]]
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| | ==Early life== | | ==Early life== |
| | :''Main article : [[Early life and career of Barack Hussein Obama]]'' | | :''Main article : [[Early life and career of Barack Hussein Obama]]'' |