WSJ's Henninger: Obama 'Has U.S. Economy on Lockdown'

Far worse than President Barack Obama's healthcare plan is the way his policies have hobbled the economy, says Wall Street Journal Deputy Editorial Page Director Daniel Henninger.

Obama was not to blame for the 2008 Depression-like financial meltdown, "but five years on, in the fall of 2013, the country's economy is still sick," and that is the president's responsibility, Henninger wrote in his column posted online Wednesday night.

"Unemployed middle-aged men look in the mirror and see someone who may never work again. Young married couples who should be on the way up are living in their parents' basement. Many young black men (official unemployment rate 28 percent; unofficial rate off the charts) have no prospect of work."

The Organization for Economic Cooperation and Development projects U.S. economic growth for the rest of the year will be 1.7 percent, or what Henninger said was the "about the average rate of growth of the U.S. economy for the entire Obama presidency."

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