Wednesday, February 6, 2013

Spending more on education and infrastructure won’t drive economic growth.

Not long after President Obama proclaimed in his second inaugural that “an economic recovery has begun,” we learned that the U.S. economy actually shrank in the last quarter. Many economists believe this is a temporary setback. This recovery may be the weakest in American history, but the economy isn’t cratering either.
Still, you can bet that if the economy continues to contract, Obama will propose the same remedy he always has: more “investments” in education, infrastructure, and various industries of the future. It seems that whatever the ailment, Dr. Obama always writes the same prescription.

Read more: http://www.nationalreview.com/articles/339891/obama-s-investment-non-strategy-jonah-goldberg

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