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June 18, 2012

STILL WAITING FOR THAT “RECOVERY SUMMER:”

Two years ago today, the White House announced the start of what it called the “Recovery Summer.” This initiative was supposed to prove to the American people that stimulus projects were creating jobs.

If the administration had spent less time trying to justify the failed stimulus and more time on policies that work, the summer of 2012 might be the real recovery summer.

Instead, millions of Americans are still waiting for the economic rebound they were promised.

We’ve had 40 straight months with unemployment over 8 percent. More than 23 million Americans are unemployed or working less than they would like. Unemployed Americans now spend an average of nearly 40 weeks looking for work. That’s the equivalent of losing your job on New Year’s Day and not working again until October.

Meanwhile, President Obama recently offered his opinion that the private sector is doing fine.

Not so much.

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