THERE IS SOME LOW-HANGING ECONOMIC INHIBITING FRUIT. WHY IS NOTHING BEING DONE?HEARD ON THE STREET: Bernanke Puts Ball in Politicians' Court - WSJ.com

HEARD ON THE STREET: Bernanke Puts Ball in Politicians' Court - WSJ.com

Sadly, the lunatic fringe economically is in the White House - i.e. the Keynesians.

Luckily Bloomberg hasn't had Christine Romer on that I've seen in the last few months.

Sadly too is that in more ways than one, the dichotomy between the parties is somewhat akin to the difference between 'creationists' and 'evolutionists'. Not quite of course, although with Perry...; however, the gap between a pro-business and pro-union, socialist agenda are huge.

Instead of just focusing on the cost, there is so much that could be done on a regulatory cutback front. Yet, here again, the media isn't focusing on it and the Democrats don't want to give up Dodd Frank and who knows about Sarbanes Oxley (two pieces of low-hanging regulatory fruit).

Then, of course, there is ObamaCare.

It is interesting to read how many states are discussed in Barrons this week as likely having to cut back on Medicaid programs (and the difference between what different states offer is also interesting in Barrons).

There is a lot that clearly could be done in the way of cutbacks that wouldn't be a drag on the recovery and that could spur growth. But each has change goes against the grain of someone in Washington.

Clearly the economy hasn't really gotten anyone in Washington's attention. Each party - and here lets just focus on the Democrats - think that same-ole, same-ole will somehow be able to turn the economy around.

Frankly, I'm tired of waiting! It reminds me of a great ship that should be laid up for repairs. As the repairs (i.e. to the economic policies out of Washington) are delayed, the cost and extent of repairs necessary will only increase.

But, who's really looking?