Sunday, July 17, 2011

Notable & Quotable - WSJ.com

JOB FRIENDLY AND ANTI-JOB POLICIES: Notable & Quotable - WSJ.com

Let's hope that Obama can start to understand there is a relationship between helping and supporting and encouraging business and investment and job creation.

With ObamaCare, the Boeing decision, etc., etc., it seems as though the administration is far more concerned with union politics and objectives and assumes they have no impact on investment and job creation.

It would help if more articles would talk about the different economic models and what they would suggest might happen.

There is clearly a big picture that would give confidence to the broad economy (the confidence and feeling of optimism and well-being that existed at times in the past). Clearly, Obama's liberal policies are the opposite of what is required - but, he seems to think they have no consequences; and, thus, he's hoping for a different outcome than the outcome such policies have always produced in the past.

It now seems clear that the controversy about whether it was monetary policy (restrictive in the 30's) was the cause of the continuation of the Great Depression.

The answer would appear to now support the contention of Laffer that it was higher and higher taxes and increased support for unions that kept investment down and unemployment up.

Notwithstanding, this is 'new evidence' and people take a long time to change and adjust their thinking. Let's hope they don't take too long (the Keynesians) and more extreme circumstances evidence themselves.

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