What should President Obama do after a new Commerce Department study finds that economic recovery has lost momentum?
The study shows gross domestic product slipping sharply, consumer spending and confidence remaining dim, private sector hiring staying anorexic. Still, government spending is ballooning.
Here’s a novel idea, Mr. President: to help America, learn from Israel in three areas.
Economy
Since 2007, Israel has experienced a mild recession, while America’s has been deep.
Unemployment in Israel is 7%. In the U.S. it’s 9.5%.
Under the leadership of Prime Minister (also Economic Strategy Minister) Benjamin Netanyahu, Israel has pursued Reagan-like economic policies favoring free markets and supply-side tax cuts.
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Author: Jon Kraushar
