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Saturday, September 17, 2011

Op-Ed: "Stimulus II Won't Work, Either"

President Obama won’t use the “stimulus” label to describe his nearly half-trillion-dollar jobs bill, but that refusal can’t hide the fact that he has no idea how economies recover from recessions. “Stimulus” is a tainted label because his $800 billion bill in 2009 was a failure. His economic team promised that passing that bill would keep unemployment from exceeding 8 percent. The bill passed, and unemployment climbed to more than 9 percent and has stayed there ever since.

With election day only 14 months off, one can readily see Obama’s desperation for a job program.

Read the full op-ed, "Stimulus II Won't Work, Either," here.

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