An Anemic Recovery for the U.S. Economy

An Anemic Recovery for the U.S. Economy

WASHINGTON -- America's fiscal and economic outlook is looking a lot bleaker under President Obama's impotent and misguided spending-stimulus policies.

While there are fragile signs the recession appears to be bottoming out and making a tenuous comeback in parts of the economy, the painfully slow turnaround has had little to do with the Democrats' huge $800 billion spending binge that hasn't made a dent in the nation's unemployment rate.

Indeed, the White House announced this week that the jobless rate will climb next year and remain high in 2011 in the face of record budget deficits and a tripling of the...