John Merline on “Obamanomics: Fact and Fiction”
John Merline, Senior Writer for Investor’s Business Daily, spoke last month at the AIM conference, “ObamaNation: A Day of Truth.” He accused the media of helping to sell President Obama’s economic arguments to the public. Merline was previously a senior director for AOL, and an editorial writer at USA Today.
Merline challenged several of Obama’s claims about the economy, such as his claim to have stopped the Second Great Depression; his claim that a slow recovery was inevitable; that “We can’t go back to the failed policies of the past;” and that “Bush was this great deregulator, that he deregulated the economy and that’s why everybody went crazy, and greed took over.” Merline countered these with facts from the Bureau of Labor Statistics, not partisan assessments, and makes a compelling case that the economic success story that Obama likes to tell is built on lies and false assumptions.
You can watch highlights of his speech here:
Or you can watch his entire speech here, or with a transcript here.