When you, due to Keynesian misdirection disbelieve in the proven reality that reducing taxes incourages economic activity and therefore economic growth than of course it seems like fairy dust...Obamanomics failed despite him spending is into a hole twice as deep as Bush left us. Only president sine Hoover to not have a single quarter with at least 3% GDP growth. At least Jimmy Carter can sleep easy that he's no longer the worst president in recent memory.