"Recovery Summer" Two Years Later ... The Failure of Obama's Stimulus

According to the Obama administration, by now the president's stimulus bill should have caused unemployment to drop below 6 percent. Instead, May marked the 40th straight month of unemployment above 8 percent. The last time the economy faced 40 straight months of unemployment over 8 percent was during the Great Depression. The president's stimulus bill has spectacularly failed to turn the economy around. It's time for a new strategy: cut reckless government spending, stop job-killing regulations, reform the tax code to fuel economic growth, and increase energy security to create homegrown American jobs.