In two months, voters will be faced with a choice between two
fundamentally different approaches to America’s economic challenges: one
that advocates for tremendous investments from the federal government
to restart the economy and another that allows the regulatory and
financial flexibility to let the market and small businesses drive
economic growth.
The government approach has not worked. Supported by a Democratic House and Senate, President Obama signed $1 trillion worth of “investment” into law in the form of the so-called “Stimulus Package.” Today, the U.S. Department of Labor announced an unemployment rate of 8.1 percent with just 96,000 jobs added to the economy. While the administration promised to drive the unemployment rate below 8 percent with the stimulus package, it has hovered above that number for 44 consecutive months. What’s worse, 368,000 Americans were forced to stop looking for work – unable to find a job in the stagnant economy.
Last week, when asked to grade himself on the economy, President Obama gave himself and “incomplete.” For the 12.5 million unemployed Americans, an incomplete after a $1 trillion “investment” and three years of patience is simply unacceptable.
Read more: http://townhall.com/columnists/stephendemaura/2012/09/08/with_corporate_tax_reform_the_private_sector_will_rebuild_our_economy
The government approach has not worked. Supported by a Democratic House and Senate, President Obama signed $1 trillion worth of “investment” into law in the form of the so-called “Stimulus Package.” Today, the U.S. Department of Labor announced an unemployment rate of 8.1 percent with just 96,000 jobs added to the economy. While the administration promised to drive the unemployment rate below 8 percent with the stimulus package, it has hovered above that number for 44 consecutive months. What’s worse, 368,000 Americans were forced to stop looking for work – unable to find a job in the stagnant economy.
Last week, when asked to grade himself on the economy, President Obama gave himself and “incomplete.” For the 12.5 million unemployed Americans, an incomplete after a $1 trillion “investment” and three years of patience is simply unacceptable.
Read more: http://townhall.com/columnists/stephendemaura/2012/09/08/with_corporate_tax_reform_the_private_sector_will_rebuild_our_economy
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