- The Washington Times - Tuesday, February 23, 2010

ANALYSIS/OPINION:

President Obama is promoting a new, $300 billion economic stimulus program. When he took office in January 2009, he said the $787 billion stimulus program would create 3.5 million jobs by the end of 2010 and unemployment would remain below 8 percent.

Well, unemployment is hovering around 10 percent, and while the jobs promised by Mr. Obama might number 1.5 million by the end of 2010, we lost 5 million jobs during the past 13 months.

The stimulus saved the jobs of municipal workers and provided additional unemployment benefits, but it has provided no jobs in the private sector. The money went to government agencies, colleges, nonprofit organizations and entitlement programs. These programs will generate annual deficits of $1 trillion to $1.5 trillion for years to come. Our government has squandered our financial resources on failed economic programs, and the American work force continues to suffer.

The domestic priority should be creating millions of new jobs. Other domestic initiatives, such as health care reform, should wait until the economy improves.

The administration and Congress have to reduce the size of government, cut business taxes and give U.S. companies incentives to operate in this country and disincentives to move operations and jobs overseas.

DONALD A. MOSKOWITZ

Londonderry, N.H.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide