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Why President Obama's Economic Plans Won't Fix Anything

President Obama's economic plans have some pundits scratching their heads this week.

President Obama pushed for a $6.4 billion expansion plan for unemployment benefits this week. He has also unrolled a plan where impoverished areas, termed "Promise Zones," will receive additional tax incentives, housing assistance, and education grants from the federal government.

Money Morning's Event Trading Specialist Shah Gilani appeared on FOX Business' "Varney & Co." today (Tuesday) and described why these plans are not only unhelpful, but why they are detrimental to further economic growth:


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