The Economist: Barack Obama 'least business-friendly president for decades'

‘The Economist’ magazine criticized President Obama for being the “least business-friendly president for decades” in an editorial criticizing him for failing to get the American economy back on track.

“Barack Obama, the least business-friendly president for decades, has devoted far too little attention to the problem. So the odds rise that America’s economy will continue to lumber along at an underwhelming pace, and Americans will have no one to blame but their leaders,” write the editors in an editorial.

The piece argues that American leaders should create another supply-side revolution and argues for immigration reform as well as infrastructure investment, deregulation and corporate-tax reform.

The article also points out that the workforce has fallen to less than 63 percent, blaming Obamacare and the disability system to become an "ersatz welfare scheme."

“Obamacare, though good in other respects, tends to shrink the labour force because it helps people get health care without working,” they write.


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