Loan Demand Raises Worry - WSJ.com
Right on - people and businesses borrow when in an expansive and positive mood. High government borrowing can crowd out private borrowing either through higher rates; or, through fiscal policies (particularly the current situation).
Clearly neither party has a clue as to what it takes to be pro-business. The Republicans are anti-immigration so talent and entrepreneurial skills are kept out (they could fight to lower transfer payments to those they consider here for welfare and social benefits or recognize that low paid work can either be done in the US (generating some revenue and better paying jobs); or, it can move offshore with no revenue and few if any better paying jobs.
The Democrats of course only worry about those who can't afford the benefits they want (welfare and retired or low earners) or those who extort excess benefits (read: UAW, teachers unions, public employee unions, etc.).
People hoped for magic under Obama and they got Democratic values in spades. Now people have shown in MA how they feel about Obamanomics - but will there be changes?
Saturday, January 23, 2010
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