Delayed Recovery Historically Slow

In his third State of the Union address, President Obama, pointing to two years of job growth and the fastest job creation since 2005, argued that Americas economy is roaring back. These positive numbers lack context: In normal economic times they would represent healthy growth, but in the aftermath of the worst recession in two generations they represent a historically slow recovery. New jobs have been created—but not nearly enough. Businesses remain hamstrung by government over-regulation—which directly affects the amount of employees they hire. Congress must remove artificial barriers to...