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The Heritage report shows doing so would increase employment by a half-million jobs this year and by a million more next year. It would create 3.6 million jobs between 2009 through 2012, at a cost of reducing federal tax receipts over five years by $670 billion. This approach would enable Mr. Obama to reach his objective while spending far less from the public purse.

If President Obama succeeds, our country probably will, as well. And, as the international credit crisis shows, American success is critical. Not just to the United States, but to the entire world. We wish him success as he begins a difficult job.

Ed Feulner is president of the Heritage Foundation (heritage.org).