Is It Time For Obama to Take Responsibility For Our Slow Economic Growth?

Read "Why Obamanomics Has Failed: Uncertainty about future taxes and regulations is enemy No. 1 of economic growth" by Allan H. Meltzer, professor of economics at Carnegie Mellon University, a visiting scholar at the American Enterprise Institute, and the author of "A History of the Federal Reserve" (University of Chicago Press, 2003 and 2010).

Two overarching reasons explain the failure of Obamanomics. First, administration economists and their outside supporters neglected the longer-term costs and consequences of their actions. Second, the administration and Congress have through their deeds and words heightened uncertainty about the economic future. High uncertainty is the enemy of investment and growth.