why obamanomics has failed

"Two overarching reasons explain the failure of Obamanomics. First, administration economists and their outside supporters neglected the longer-term costs and consequences of their actions. Second, the administration and Congress have through their deeds and words heightened uncertainty about the economic future. High uncertainty is the enemy of investment and growth."

http://online.wsj.com/article/SB10001424052748704629804575325233508651458.html