Saturday, August 28, 2010

Democrats Face Economic Facts: Updraft Unlikely - WSJ.com

DO DEMOCRATS EVEN HAVE AN ECONOMIC CLUE?: Democrats Face Economic Facts: Updraft Unlikely - WSJ.com: "- Sent using Google Toolbar"

"Sen. Robert Menendez (D., N.J.), who leads the committee working to elect Democrats to the Senate, said there was no way Democrats could completely turn around the economy in two years."

One does wonder what Menendez thinks would turn around the economy?

Let's see:

? Raise the cost of capital.
? Increase regulatory risk.
? Increase the liklihood of further unionization of labor (and the attendant ignoring of costs of production).
? Do nothing to make it easier to bring capable foreign staff to meetings or for work in the US.
? Do little or nothing to make the teachers unions accountable for continuing comparative declines in the education of American workers.
? etc., etc.

Seems to me, everything the Administration has touched has exacerbated existing problems that continue to be ignored - at best.

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