"Earlier this year, Barack Obama formed a new presidential advisory committee on jobs and competitiveness that the White House hoped would alleviate at least two critical problems for the administration.
First, after spending a year shoving ObamaCare down the throats of voters who clearly didn’t want it, Obama needed to re-establish that jobs had become a priority again.
Second, and only slightly less important, Obama had to bolster the private-sector bona fides for his administration, which almost entirely lacked any such experience.
Obama invited the heads of several American companies to join his panel, and they’re probably delighted with the access. But as Bloomberg discovered, it may not be making them any more confident of Obama’s economic policies:....."
[HotAir]
I strongly suspect that neither political party really knows what to do regarding the economy, nor do the experts, although they have opinions and theories. (If you want to really check out their level of confidence, ask them to guarantee the stated results of their anticipated policies, and then require them to put up their family assets resulting in forfeiture if they are wrong.) The problem is simply too large, complex, and interconnected with economies of other nations, over which the US has no control.
ReplyDeleteTo fix most things in the universe, you have to get them to “sit still” at least for a short period of time, and suspend those outside factors bearing on the problem. This is a dynamic situation. If we as a society actually knew what worked, and could establish a cause and effect relationship with any certainty, we would have done it by now.