President Obama’s latest speech laid out some policy retreads for tackling the tepid recovery, while he lectured Europe to get its act together. He is right about the sorry state of the U.S. economy, which has proven highly resistant, if not downright impervious, to his past stimulus efforts. And he …
The economy is recovering at an unusually slow pace. Typically, employment grows strongly after a severe recession. Not this time. Unemployment remains stuck above 9 percent more than two years after the recession officially ended. What is going on? Initially, the economy appeared on track for a steady recovery. The …
Rep. Jeb Hensarling (R-TX) is convinced that President Obama has no viable plan to revive the economy and reduce unemployment. Two years after the failed stimulus and a year since the administration’s “summer of recovery,” the unemployment rate now stands at 9.1 percent. Without much hope coming from the White …
Since 1985, the hands-down winner for worst marketing campaign has been New Coke—the disastrous flop when Coca-Cola tried to change its flavor. After 25 years, we have a new contender—President Obama’s “Summer of Recovery” slogan of 2010. The big media splash began in June, touting that “Obama, Biden declare ‘Recovery …
