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New Video: President Obama's Recovery Summer Vacation

Posted By Brandon Stewart On August 31, 2010 @ 8:30 am In Economics | Comments Disabled

As the summer begins to wind down, many are beginning to take a second look at the grandiose promises made by the Administration about this summer before its start. While this “Recovery Summer” was lauded as the must-see event of the summer [1], the reality failed to match the rhetoric [2].

But as many Foundry readers understand, the entire proposition was doomed from the start. Plans planted in flawed Keynesian economics [3] will not bear any fruit. Our latest video [4] exposes this failure, highlighting the Administration’s continued attempt to pass off failed economic policies as successes.

The government is not a reliable engine of economic growth. That engine has historically been—and will continue to be—the private sector.

Congress can play a positive role [5] by allowing private enterprise to function properly and supporting policies that stimulate job creation and encourage investment. If nothing else, hopefully the exposure of all these failed promises will be a reminder to other Americans of the importance of embracing the free market, even if this concept is beyond our current leadership.

Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2010/08/31/new-video-president-obama-summer-recovery-vacation/

URLs in this post:

[1] lauded as the must-see event of the summer: http://abcnews.go.com/Politics/president-obama-recovery-summer-stimulus-projects-fail-yield/story?id=11463344

[2] reality failed to match the rhetoric: http://www.foundry.org/2010/08/26/morning-bell-liberalism-is-failing/

[3] planted in flawed Keynesian economics: http://www.foundry.org/2010/07/09/pity-the-poor-keynesians/

[4] latest video: http://www.youtube.com/watch?v=TphW60JI4ro

[5] can play a positive role: http://www.heritage.org/Research/Reports/2009/12/Reduced-Investment-and-Job-Creation-to-Blame-for-High-Unemployment

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