HEARD ON THE STREET: Washington Taxes Own Credibility - WSJ.com

Caution from a lack of leadership and mixed messages: HEARD ON THE STREET: Washington Taxes Own Credibility - WSJ.com

Let's see?

The president and Keynesians are worried that everyone gets to consume by redistributing wealth.

Supply siders believe people need to get to keep a certain amount of what they produce in order to support production and growth.

There is clearly a disconnect between America's ability to pay for all the entitlements and benefits that the liberals want while providing a fair return (18-19% of GDP max to government) to producers.

As the administration and the Republicans appear to be unwilling to confront this great policy divide, the lack of leadership becomes more acute.

So one question might be whether the cautionary response to the lack of leadership will be greater than the modest stimulus (actually just to consumption, not really long-term returns to capital and investment)?

Oh yes, and this is tied part and parcel to the Administration going against the oil companies in the Gulf for an oil spill, at the same time its wants to tout having spent 4 hours the same day listening to business leaders. Can we say another mixed message day?