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Taxpayers must pay the freight for over-budget train projects
Topic - Curtis Dubay
President Obama will take to the road to justify his new economic plans Wednesday based on what aides call the "significant" progress of the past five years, but economic benchmarks during his presidency show a mixed bag of gains and setbacks on pocketbook issues.
Are tax hikes on the way? Some federal lawmakers hope so. "It's a great opportunity to get us some more revenue," Sen. Charles E. Schumer, New York Democrat, recently said of the upcoming debate over the federal budget.
Given those factors, Mr. Dubay said, the economy is likely to "keep muddling along."
"It's basically uncertainty holding the economy back right now," Mr. Dubay said. "He had an anti-business stance for four years, whether it was Wall Street or the casino industry or the health care industry. Then you throw in three sets of policy uncertainty — Obamacare, Dodd-Frank [financial sector regulation] and his refusal to address our looming debt crisis driven by entitlements."