The Barack Obama Administration has a few signature calling cards – none of them any good. Government money and cronyism – is perhaps its ace in the hole.
President Obama promised “We’re going to punish our enemies and we’re going to reward our friends who stand with us on the issues that are important to us.”
And that is a promise he has absolutely kept.
This administration has dramatically increased government spending and regulatory overlording. By the end of their run, our national debt will have more than doubled – to about $21 trillion. And the cost of federal regulatory compliance has rocketed upward – to $1.9 trillion per annum.
Much of that government explosion – has directly benefited cronies.