DEMOCRATIC ECONOMIC INCOMPETENCE - NOT SEEING THE DIFFERENCE BETWEEN CARRYING AN 80 POUND PACK OR A 20 POUND PACK: Bernanke Expects Economy to Pick Up This Year, but Recovery 'Uneven' - WSJ.com
Wouldn't the fiscal austerity or fiscal deficit be different if the debate was over investment into the economy vs. spending on entitlement consumption?
Sadly, Democrats don't get it (nor do many Republicans).
With the rush of technological innovation and change, its a shame the government is ignoring the need to recognize there is a large part of the economy that is under-educated for the current economy and/or under the thrall of unions and this situation needs to be addressed (witness the government's reaction to Boeing putting a new plant in a non-union state!).
Democratic economic policies seem akin to having a hiker carry an 80 pound pack instead of a 20 pound pack - still expecting that the hiker (read: the economy) will act as if it is only carrying 20 pounds. The Democrats seem totally incompetent to turn around the economy but they keep hoping the same old policies will some how create different results.
Tuesday, June 7, 2011
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