What, WSJ isn't happy that they didn't give Wall Street more money to pay bonuses with or something?
-----Original Message----- From: Robert Munn [mailto:[email protected]] Sent: Friday, July 02, 2010 6:36 PM To: cf-community Subject: the failure of Obamanomics http://online.wsj.com/article/SB10001424052748704629804575325233508651458.ht ml?mod=googlenews_wsj here's an excerpt: ---- Two overarching reasons explain the failure of Obamanomics. First, administration economists and their outside supporters neglected the longer-term costs and consequences of their actions. Second, the administration and Congress have through their deeds and words heightened uncertainty about the economic future. High uncertainty is the enemy of investment and growth. ---- The recovery is fizzling, it's time to do something else. The lack of clarity on things like taxes and cap and trade is a job-killer, because companies will not invest in growth in an uncertain climate. US companies apparently are holding $1.5 trillion on the sidelines. They need clarity. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:322509 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
