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Staff Picks

Staff Picks

"Recovery Summer" Two Years Later ... The Failure of Obama's Stimulus

4y ago


According to the Obama administration, by now the president's stimulus bill should have caused unemployment to drop below 6 percent. Instead, May marked the 40th straight month of unemployment above 8 percent. The last time the economy faced 40 straight months of unemployment over 8 percent was during the Great Depression. The president's stimulus bill has spectacularly failed to turn the economy around. It's time for a new strategy: cut reckless government spending, stop job-killing regulations, reform the tax code to fuel economic growth, and increase energy security to create homegrown American jobs.