Obama's Second-Term Agenda Recycles Failed First-Term Policies

On Tuesday, the Obama campaign released a 20 page pamphlet which outlines President Obama’s second-term agenda–which is essentially the same as his first-term agenda.

Mike Allen, of Politico writes:  “This is a re-packaging of the plans the president has previously announced of manufacturing, education, energy.”

And, CNN’s Jessica Yellin commented that “there’s not anything significantly new in here.” Yellin went on to say: “He’s just never put it out in a booklet like this. We heard these same details at the Democratic convention. We’ve heard them from his mouth on the campaign stump for days and months and weeks. And so my point is there’s not anything significantly new in here. It’s just all compiled in a nice booklet now. So we get the point that there is something, but you can still critique it for lacking details about will he pursue immigration reform – what specifically would the tax reform plan look like drilling down into the details.”

While Obama continues to tout his big plan for the manufacturing sector, it should be noted that since he took office the U.S. has lost 610,000 manufacturing jobs and is no longer the world’s leading manufacturer.

The president has also invested in a dubious lineup of green energy companies, to the detriment of U.S. taxpayers.  He has funneled billions of dollars into failed investments such as Fisker and Solyndra, while coal production and employment has been falling.  At the same time, oil production on federal lands decreased by 14 percent in 2011 and natural gas production dropped by 9 percent.

The president has promised not to raise taxes on some small businesses but has fondly embraced a plan to increase taxes on successful small businesses.   Add to that the vast array of regulations this administration has imposed on businesses, it spells continuing doom for small businesses and for the economy.

Additionally, the president’s deficit reduction plan doesn’t hold up, upon closer inspection.  As policy director, Lanhee Chen explains it:

“The President repeats his brazen and false claim that he has a plan to reduce the deficit by $4 trillion. In fact, as independent fact checkers have concluded that number simply doesn’t hold up. Instead of living up to his promise to cut the deficit in half by the end of his first term, the President has instead racked up the four straight trillion-dollar deficits. Instead of slowing the growth of the national debt, President Obama has added more than $5.5 trillion to that debt. And the reality of the President’s budget plan for the future is illustrated perfectly by this chart from his own budget:” (chart)

So, if Obama wins the election, we can look forward to four more years of the same damaging policies that have wreaked havoc on this country and have caused damage abroad.

Click here to view the pamphlet.