The messes Obama will leave behind

Mr. Obama will also leave behind a difficult economic climate in which to start a business. According to a recent Brookings Institutionstudy, every year of his presidency more American businesses have died—closed, merged or gone bankrupt—than have been created.

The national debt has risen to 74.1% today from 40.8% the month he took office. This is the largest increase in a six-year period since World War II. The Congressional Budget Office says that within 25 years the public debt will exceed 100% of GDP unless Washington changes its policies.

The ballooning debt reflects the administration’s—and the Democratic Party’s—deficit spending. Mr. Obama compliments himself on reducing the deficit to 2.8% of GDP in fiscal year 2014, down from 8.7%, 8.5%, 6.8%, and 4.1% in the proceeding fiscal years. But 2.8% only matches the average deficit for the last 50 years, and the decline is attributable in large part to Republicans’ controlling the House since the 2010 midterms and slowing spending.

Trending on Hotair Video