ALL TOO OBVIOUS"Dearth of Demand Seen Behind Weak Hiring - WSJ.com
from the article: "Democrats and the economists who advise them tend to point to the weakness of demand, instead."
It's been obvious - including in the debt talks - that Obama and the Democrats don't see any elasticity in supply related to higher or lower taxes, fewer or more regulations, support for union job and featherbedding policies and unrealistic wage and benefit packages or the fact that the US is spending too much on entitlements.
Since the Democrats see no difference in the amount of investment going into jobs if the government takes 18% of GDP or 25 -30%, it's clear they have a disconnect with any type of economic reality other than handouts and a free-lunch.
The European problems with Greece, etc. should give the Obama Administration food for thought about its policies - but, of course they are not; because, the Obama Administration doesn't see a connection with too much government or too much government spending.
Perhaps the Republicans' can pull some type of small rabbit out of a hat; but, they haven't tackled some big easy fixes like getting rid of ObamaCare and Dodd-Frank.
Monday, July 18, 2011
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