The Corner

Another Stimulus Is Not the Answer

With every month’s release of bad unemployment numbers, Americans must feel like Bill Murray’s character in Groundhog Day. The 263,000 lost jobs in September and the rise in the unemployment rate to 9.8 percent was far worse than forecast. What’s clear is that the stimulus bill as crafted has not worked. President Obama sold the stimulus as an immediate boost to the economy that would keep unemployment below eight percent. Rather than put the economy on sound footing, it has ushered in a new era of big government. Now the liberal voices in Congress will grow for yet another stimulus bill. That’s the wrong answer. We can’t afford anymore back-breaking debt that further hobbles our ability to remain competitivite as a nation. The right answer is to fix the stimulus we have — throw out the provisions that are not directly tied to job growth and substitute incentives that will stimulate the private sector and create jobs.

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