When President Obama took office in 2009, one of his very first acts was to sign the American Recovery and Reinvestment Act into law. But instead of an actual recovery, what we’ve received ever since has been an economy barely limping along, historically high unemployment and ever-more massive debt.
And despite years of big talk about jobs having been “created or saved”, cutting the deficit (ha!!), or endless “Recovery Summer(s)”, it’s been obvious for quite some time that his Keynesian plan didn’t work.
We’ve documented plenty of companies which have already gone under, too, despite their generous infusions of Government cash. Each one was problematic for a host of reasons, including: