Mr. President, We Need a 10-Year Plan

We need not a one-year but a 10-year commitment to rebuilding the country. President Obama’s jobs speech focused where it needed to—but it is only a start. America is underperforming. Millions are out of work, and tens of millions have depressed incomes. Obama was clear about what everyone, from storekeepers to economists, from corporate CEOs to unemployed workers, knows: until there is more demand for their products, firms will not hire more workers.