President Obama has tried to spin the paltry new job creation numbers as ‘a step in the right direction.’ But, clearly, the small growth in jobs isn’t even keeping up with population growth, much less returning the workforce to a healthy level.
What Democrats haven’t focused on are the kind of policies that would promote economic growth – such as making permanent the 2001/2003 tax cuts, opening up federal lands to more energy production, and reforming government to reduce its burden on business.
When the American people elected Barack Obama and large Democrat majorities, the die was cast. ObamaCare was coming. Popular or not, constitutional or not, affordable or not, it didn’t matter.
The inescapable conclusion, however, is that the primary driver of the short-term deficit is not tax cuts but the lack of any meaningful economic growth over the last half decade.
