The 1.6% Recovery - WSJ.com

THERE'S NONE SO BLIND...:The 1.6% Recovery - WSJ.com: "- Sent using Google Toolbar"

One does recall the old saying that runs something like, "There's none so blind as those that will not see!"

And, the biggest question of all would seem to be why are US companies sitting with huge amounts of cash and why is all the lending and savings going into government bonds vs. new jobs, new technologies, new ways to make life easier and better?

The iPad phenomenon shows that people will take up new things.

The tiny country of Portugal shows what can happen when you build a ‘smart grid’ (i.e. 40% of its energy demand now comes from renewable, per the NY Times last month).

Any modest read of science and technology pages on Google shows how much terrific creative stuff is out there.

One wants to ask why it isn’t being exploited? And, instead, why are we seeing governments raise taxes and go into hock to pay for social benefits that individuals can’t pay for on their own but feel entitled to?

Somehow, even a modest look at the big picture would start to suggest that too much is going into entitlements and too little is left to move the economy ahead.

After all, who provides the jobs of the future – entrepreneurs or 50 year old retirees getting 80% or more of their salaries paid by high taxes on producers?