January 10th 2017.
President Barack Obama steps down at the age of 55. He will probably live, given his healthy lifestyle, until he’s over 90. So what on earth is he going to do for the next 40 years? Run for King of England? He would probably win, as he is much more popular in Europe than he ever was at home.
Realistically we don’t know and right now probably he doesn’t. But of one thing we can be sure of as he writes his second autobiography in his very special prose he will be critically re-evaluating every decision and policy change he made. This is an honest man if on a few occasions he failed to be. And we, the jury, try to be, if sometimes we fail too.
What did he do right and what did he do wrong? This week I look at his domestic policies, next week at his foreign policies.
When he came to power the economy was in a shambles, still attempting to recover from the worldwide fall out from the collapse of the Wall Street icon, the bank, Lehman Brothers. He dealt with the issues as a true follower of the greatest economist of them all, John Maynard Keynes – priming the pump with massive investment in roads and America’s rotting bridges.
He invested heavily in elementary, secondary and post-secondary schools. He put 5 billion dollars into early education including Head Start. He increased the grants program that has expanded the opportunity for low-income students to go to college. He raised the taxes on the wealthy right back to what they were before President Ronald Reagan began the Republican goal of cutting them and continued by subsequent Republican presidents.
With much opposition to his “nationalization” of Detroit’s bankrupt car companies he bailed them out with low interest loans- which they later repaid. This saved around 1.4 million jobs.
He made a deal with Swiss banks that permits Read More »



