Obama has spoken forcefully about laying a new foundation for the economy, one that creates good jobs and rising incomes and that moves us from an era of borrow-and-spend to one where we save and invest and are able to produce more at home than we consume. And we agree these are the right goals for the nation. However, we do not believe that the policies the administration is pursuing will get us there, nor is the administration's economic stimulus plan likely to move us toward anything approaching full employment.The Obama administration needs to pull its head out of the sand. It will take more than inspiring rhetoric for the United State's economy to prosper, and the more the Obama administration delays, the more damage will be done to our industrial base.
Democrats in Congress must not let the Republicans bluff them out of acting dynamically to create jobs. Remember: the Republicans want the Democrats--and out nation--to fail.