Politicus USA has the article President Obama Kills Scott Walker’s White House Dream By Exposing His Record Of Failure. Here is an Obama quote they featured from the video below.

But understand, I’m saying this — Wisconsin is this extraordinary state filled with extraordinary people. But if you end up having policies that cut education, help folks at the top, aren’t expanding opportunity, then it’s not going to work. We need better policies — because the bottom line is top-down economics doesn’t work. Middle-class economics works. It works. It works.

President Obama went to La Crosse WIsconsin, touted the economic successes of his administration even as he detailed the failed policies of Scott Walker and trickle down economics. He used adjacent state Minnesota as comparison.

There are a few flies in the beautiful ointment that Obama describes. They just serve to prove his point, though. These flies were put their by Republican behavior.

The stock market has doubled

While it may seem good for people’s 401Ks and other retirement plans, this market level is probably indicative of a bubble. The bubble which could burst is a result of the FED trying massive liquidity injection into the economy to keep it afloat, when the federal government should have been spending more to stimulate the economy. There was no second stimulus because the Republicans wouldn’t allow it. Fiscal stimulus is a powerful tool to get the economy running, whereas monetary stimulus is a weak to totally ineffective tool under the current circumstances.

Unemployment is down

The President even alluded to this fly in the ointment. The jobs that people are getting aren’t at the high wage level where they should be. Some of the factors keeping wages down are the war against unions, very badly designed trade agreements, and the rigging of the system to keep all the benefits of automation in the hands of the very few.

More people are going to college than ever before

The exceedingly high debt level that people are forced to take on to get this education will hamper their economic achievement for a lifetime. This wet blanket on the economy keeps its growth well below where it would cause wages to increase back toward equality.

16 million more people now have health insurance

There are still in the neighborhood of 30 million or more people who still don’t have health care coverage. For something that was supposed to bring on universal coverage, this seems to be a fairly big fly. With the Republican intransigence when the law was being written and continuing intransigence during the implementation phase, I suppose such a gap in achievement was unavoidable.

We cut the deficit by two-thirds

This cut in the deficit is one of the main reasons why the economy didn’t grow even faster. It is the main reason why the FED thought that it had to inflate the money supply, even though all that did was to create a stock market bubble. This inflated stock market makes it look like the economy is growing faster than it is as far as anything that the middle-class can benefit from. If the economy comes roaring back despite Republican efforts to prevent it, there will be hell to pay for all that excess liquidity that the FED pumped in to the economy.

And finally, there is the fly that President Obama insists in putting into the ointment. If middle-class economics works so much better than trickle-down economics, why is the President so adamant about pushing the ultimate trickle-down economic ideas embodied in the Trans-Pacific Partnership (TPP) “trade” agreement? Why is he so sure he is right about this secret deal, and the Democrats who oppose it are all wrong? Doesn’t he get just a little suspicious that his strongest supporters for this deal are almost all Republicans? How he can go to Wisconsin and make these remarks, and then go back to Washinton to foist this TPP on us is still a mystery to me. I can only guess at what his motives could be.