Obama’s Economy Underwhelms Again

The economy grew at an annualized rate of 2.8 percent in the third quarter of 2013. This comes on the heels of an already weak economy: growth in the first quarter of 2013 was 1.1 percent and second quarter growth was 2.5 percent. It has now been six consecutive quarters where growth has failed to break three percent. And still the Obama Administration fails to focus on jobs.

Washington Democrats have made it clear that they would like to cancel the sequester and replace it, in whole or in part, with tax increases. Instead of raising taxes and raising spending, Democrats should follow the Reagan model. That model let the private sector create the jobs rather than having the federal government micromanage the economy. Democrats are holding America back by overly regulating and burdening businesses with laws like Obamacare.