NEW YORK (TheStreet) -- The economy is recovering from a harsh winter, and the pace of growth the rest of this year and next won't create nearly enough decent jobs for the millions unemployed and recent graduates working at places such as Starbucks (SBUX).
It's easy for President Obama to blame Republicans in Congress, and visa-versa, and for both sides to put their hopes in the Federal Reserve's stewardship of monetary policy, but decades of bad trade, energy and education policies pursued by both parties have torpedoed prosperity.
A succession of trade agreements has opened U.S. markets to foreign manufacturers in Asia, where governments continue to erect high barriers to competitive American products. Meanwhile, federal policies limit oil and gas development off the Atlantic, Pacific and Eastern Gulf Coasts.
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