(Heritage Foundation) President Obama traveled to Illinois today to give the same tired, worn-out economic speech he’s been giving for almost five years now.
Rather than offering new solutions that could revive the dormant economy and put people back to work, the President offered the same old policies that have already failed, namely more stimulus spending on infrastructure and misguided educational programs. Taking money out of one area of the economy and spending it in another through the government does not create economic growth.
The unemployment rate is still much too high at 7.6 percent; 11.8 million Americans are out of work; and the economy grew at a paltry 1.8 percent last quarter. At this point in a recovery, growth should far surpass that low rate.