With today’s news, it’s worth recalling what Democrats in Congress and the Obama administration promised when they passed their nearly $1 trillion stimulus bill three years ago. Former White House economists Christina Romer and Jared Bernstein predicted that the unemployment rate with the stimulus bill would not exceed 8%. Yet the unemployment rate has been above 8% for over 36 months now. Shortly after President Obama signed the stimulus, Vice President Joe Biden boasted that the stimulus “literally drop-kicks us out of this recession” by, he claimed, creating “3.5 million jobs” in “18 months.”
President Obama’s expensive regulations, constant calls for tax increases, and his byzantine and unpopular health care law are all making it harder and more expensive to create private sector jobs in the United States. This country can do better.
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