Now that President Obama has served for six years, I think it would be a good time to compare conservative predictions about the effects of his policies on the economy versus what has actually happened.
Prediction #1: The value of the dollar will collapse. Reality: The value of the dollar is currently at a 13-year high.
Prediction #2: The U.S. will experience high inflation, perhaps even hyperinflation. Reality: We have had inflation rates significantly lower than the long-term average throughout his entire presidency.
Prediction #3: His anti-business policies will make it difficult for companies to turn a profit. Reality: Corporate profits are at an all-time high.
Prediction #4: The U.S. will become like Greece and no one will be willing to finance our debt. Reality: We can finance our debt more cheaply now than we have been able to in generations. This is the free-market verdict on our credit worthiness.
How long do the president's critics have to be wrong before they will be willing to admit it?
Roland Kayser
Murray