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The Economic Consequences of the Obama Reelection: How Stagnation Has Vanquished Growth
Author(s) -
Epstein Richard A.
Publication year - 2013
Publication title -
southern economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.762
H-Index - 58
eISSN - 2325-8012
pISSN - 0038-4038
DOI - 10.4284/0038-4038-2013.191
Subject(s) - economics , stimulus (psychology) , real estate , new keynesian economics , keynesian economics , macroeconomics , offset (computer science) , economic policy , monetary policy , finance , psychology , computer science , psychotherapist , programming language
The stagnation of the American economy during the past decade is attributable to faulty policies at both the macro and micro level. The efforts to organize stimulus programs and manipulation tax rates create uncertainties that offset any supposed gains from Keynesian policies. At the same time, the failure to address major structural flaws in labor, real estate, free trade and positive rights have resulted in cumulative dislocations that require a shrinkage of government across the board to facilitate any reversal of economic fortune.