David Reilly of the Wall Street Journal: Election-Year Stimulus Can’t Counter Unemployment Woes

By David Reilly, Wall Street Journal

Pass the silver bullet. With campaign season in full swing, the unemployment rate, and how to crush it, is front and center.

Right out of the Labor Day starting block, President Barack Obama proposed an additional $50 billion in infrastructure spending. He also is expected on Wednesday to unveil a series of tax breaks aimed at boosting investment and jobs. And, as the campaign gathers speed, voters can expect plenty more proposals, even though there is likely to be little action from Congress, given the short pre-election schedule, deficit worries and partisan gridlock.

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Tagged as: Economic recovery, Economic stimulus, Job creation, Jobless, President Barack Obama, Recession, Recession 2009, Unemployment