The Patriot Post® · Why Workers Aren't Breaking Out the Champagne

Stephen Moore: “The big news from [last] week’s State of the Union address is that the economic ‘crisis is over.’ Apparently, we’ve been rescued from a second Great Depression and everything this president has done to fix the economy has worked. All that was missing from Mr. Obama’s celebration was the old ‘Icky Shuffle’ end zone dance. This no doubt came as a bit of a shock to voters since the economy has been sickly for a long, long time. As recently as this fall, half of Americans were saying that the country is still in recession. Conditions have improved in the last six months for sure, with growth accelerating, inflation low and stable, hiring picking up and gas prices tumbling. Still, if things are as good as the White House says they are, why do we feel so bad? … Americans aren’t breaking out the champagne because they instinctively realize that an economic recovery built on trillions of dollars of debt, overspending, and trillions more in easy money is a house of sand. Mr. Obama’s only economic idea is to redistribute wealth via ever-rising taxes from the productive class and the job creators to everyone else. If Republicans let him, things will get worse for everyone before they get better.”