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Dr. John Lott, economist and author of ???At The Brink,??? talks about the failed Obama stimulus and why you can expect soaring health care costs.


Obama’s Costly Failures with Dr. John Lott

Dr. John Lott, economist and author of ???At The Brink,??? talks about the failed Obama stimulus and why you can expect soaring health care costs.

[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.

Listen to my best-of-the-past behind-the-scenes PowerTalk conversation now, so you are even more in the know:

Access prior PowerTalk interviews here:

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A Better Way to Think About Solar with Principal Solar Chairman and CEO Michael Gorton

The Dollar, The Economy and The Fed with Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital Inc.

The Internet of Things with James Nolan, EVP of R&D at InterDigital

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Written By

Chris Versace is a financial columnist and equity analyst with more than 18 years of experience in the investment industry. He has been ranked an All Star Analyst by Zacks Investment Research and his efforts in analyzing industries, companies and equity securities have been recognized by both Institutional Investor and Thomson Reuters??? StarMine Monitor. He???s frequently published in The Washington Times and is a frequent contributor to the daily radio show ???America???s Morning News??? and ???America???s Radio News???. He has been quoted in the Wall Street Journal, Investor???s Business Daily, The Street, USA Today and other publications. In addition, he can be frequently seen on television???s ???Fox Business??? show.