Stocks Focus on Economic Worries, Not Deals - WSJ.com

A LEADERSHIP VACUUM: Stocks Focus on Economic Worries, Not Deals - WSJ.com: "- Sent using Google Toolbar"

As Donlan wrote a few weeks back in Barrons, the US needs to consider growing and restructuring its economy to move forward.

If one asks whether certain American companies are doing this (going all the way back to the 'platform company' concept), the answer is yes.

But companies don't operate in a vacuum and the result is that as companies move their businesses to stay globally competitive, the US government and unions aren't doing their part to make the US business friendly and a favored location.

In order to do this, some wrenching changes will be needed and such changes are anathema. Sadly, Obama and Pelosi, rather than working to move the country ahead, they've been doing the opposite - fighting and resisting the changes needed.

If companies can't globalize, the US becomes an increasing uncompetitive business location. Businesses get this but the government is an ostrich with its head in the ground.

It's hard to know if there will be any dialog by the politicians or electorate to discuss what needs to be done, the alternatives and tradeoffs. Leaders with vision are clearly lacking.