07 September 2010

Obama's economic mission impossible

Yesterday, in a Labor Day speech in Milwaukee, President Obama announced a $50 billion plan to create jobs rebuilding the nation's infrastructure.

Tomorrow, according to CNN, he will announce "a $100 billion plan to permanently extend the tax credit for research and development, hoping to spur companies to invest in their businesses by buying more equipment and hiring more workers."

Fortunately, these are the kinds of things our economy needs in order to grow.

Unfortunately, however, there is no way that the Republicans will allow these measures to pass Congress before the November midterm elections. And, if the Republicans win more seats in both houses of Congress, as expected, it's likely that these measures will never pass.

And so the middle class will likely continue to suffer as Washington plays politics.

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