History Repeats In Policy Blunders - Barrons.com
There is also the old-saying about "garbage-in-garbage-out".
In this case, it would appear the garbage is to ignore Art Laffer's many comments.
As said a few days back, why not approve this new pipeline and give a bunch of people jobs? (In this case, it's the environment lobby that needs appeasement) Same with more oil drilling off the coast of the US. - all totally outside of austerity policies.
The regulatory burden (Obama's and others such as Sarbanes Oxley) - all designed with seeming good intentions have nothing to do with austerity - they just hold back business.
The austerity debate is really more of a red herring of the socialist-union alliance that wants high levels of government spending - and, this alliance believes it is a free lunch.
The policies that are holding back the economic 'car' need to change. Flooding the engine and a heavy foot on the spending and borrowing accelerator do nothing to overcome the fiscal policy ice and snowdrifts.
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