Obama’s Costly Failures with Dr. John Lott

Chris Versace

Chris Versace is a financial columnist and equity analyst with more than 20 years of experience in the investment industry.
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[Due to the holiday week, I’m sharing with you one of my favorite PowerTalks from the past. This PowerTalk originally was posted on May 2, 2013. However, the following analysis is updated.].

Welcome to PowerTalk, where we talk with CEOs, COOs and other key business people at public and private companies as well as other subject matter experts.

While the latest U.S. economic is showing a bit of improvement, it’s not exactly lighting the world on fire. Unemployment still remains high and the Federal Reserve only is going to begin tapering its bond-buying, monetary-policy stimulus this month.

In addition, the true cost of Obamacare includes a poorly designed website that is limiting the number of people who can sign up. The New York Times and other media organizations are reporting about problems in the implementation of Obamacare.

It also seems that many people across the pond in the euro zone are realizing that austerity is not the solution. After years of insisting that the primary cure for Europe’s malaise is to slash spending, the champions of austerity, most notably Chancellor Angela Merkel of Germany, find themselves under intensified pressure to back off unpopular remedies and find some way to restore faltering growth to the world’s largest economic bloc.

Joining me to make some sense of all of this is Dr. John Lott, economist and author of the book “At The Brink.” In his new tome, John talks about how the Obama stimulus was the most expensive failure in history, why debt will continue to grow under Obama and why you can expect soaring health care costs.

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Both U.S. and global markets ended the year on a positive note, with the Dow Jones up 1.29% and the S&P 500 rising 0.72% over the past five trading days. Global markets also finally found their footing with the MCSI Emerging Markets Index jumping 1.72%. Big gainers in your Alpha Investor Letter portfolio included the iShares S&P Global Timber & Forestry Idx (WOOD) up 3.30%, the ProShares Ultra-Short 20+ Year Treasury (TBT) adding 1.71% and

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