The Fed Can't Solve Our Economic Woes - WSJ.com

WE NEED A 180: The Fed Can't Solve Our Economic Woes - WSJ.com: "- Sent using Google Toolbar"

To add another note, consider what Donlan wrote last week in Barrons on the changing nature of the economy. This changing nature of the global economy and America's position in it calls for support for innovation, education and our business community.

Instead of such policies, the administration is supporting increased taxes on the productive members of society to pay for ever more entitlements. At the same time, it supports anti-business policies and rhetoric, some of which (as in the anti-immigration policies) are holdovers from and anti-business policies of the Republican right and misguided independents.

If there is one thing missing today it is overriding support for business globally to see the US as a great place to locate (this means changes to tax and immigration policies and pandering to unions and a turn around of political rhetoric).

Meanwhile, the red-herrings of immigrant-blaming, banker-blaming, teacher union excuses, etc. all detract from the ability to turn the economy around.

The misplaced anger of the electorate should be directed at the misbegotten fiscal policies that need to do a 180 turnabout.