BrickBack - I agree. The problem is that we have a President that believes in a Keynesian economic fiscal policy model which is backwards if you want real recovery. With Keynesian economics you have the massive deficit spending which is supposed to stimulate the economy.
However, businesses are the only ones that can truly stimulate the economy because they are the ones that provide jobs to people and produce products and services that consumers can buy.
Supply side economics which is a totally opposite fiscal policy from Keynesian economics actually allows for real economic growth. Here the government reduces spending and offers tax breaks to all taxpayers and businesses in order to get the economy moving.
The theory is that when businesses pay lower taxes they will expand and hire more workers. Also, when taxes are cut people have more disposable income and will tend to spend more which also stimulates the economy.
This is what happened during President Reagan’s administration. As a result of his fiscal policies, businesses added 25 million jobs and unemployment dropped six percentage points. He also dropped tax rates from 70% under Carter to 24% at the end of his second term.
This is how the right fiscal policy changes unemployment rates.