From Libertarian Michael A. LaFerrara:
An economy advances because human beings, by their nature, must work to produce the goods necessary to sustain their lives. An economy therefore has a natural tendency to grow, without government “help,” as long as people are left free to produce and trade.
A government doesn’t cause economic growth. Individual initiative does. Government’s can hamper growth. But they do not cause it. And hamper growth is exactly what Obama and previous administrations have been doing. In the past 20+ years, we saw a perfect storm of government interference—regulatory, monetary, and politicians’ affordable housing crusades under Clinton and G.W. Bush—inflate the biggest housing bubble in history, bust it, and cause the worst financial crisis is history. Then we saw an avalanche of regulation and spending as Obama’s “cure’ for the resulting Great Recession—and instead of a roaring job-filled recovery like the ones following the 1920-21 depression or the 1980-82 recession, we got a mini-version of the 1930s; not as bad, but still the most anemic recovery on record which took a decade for incomes to finally catch up. Obama didn’t lift “the shadow of the great recession.” He simply smothered the recovery.