Labor Department numbers show that the Obama Administration’s $787 billion “stimulus” was a flop. Instead of holding the unemployment rate at 8 percent or below, the jobless rate soared to 10 percent. Now there is discussion of second so-called stimulus, which politicians are calling a “jobs bill.” But making government bigger, the video explains, is a recipe for long-run stagnation and lower living standards, regardless of what the policy is named.

President Obama’s proposal to severely restrict “deferral” will cause a significant tax increase on American companies trying to earn market share in other nations. For all intents and purposes, the White House plan is protectionism, but the target is American companies rather than their foreign rivals. This Center for Freedom and Prosperity Foundation video explains why this misguided policy will reduce exports from America and reduce jobs in America.