Thursday, December 9, 2010

IT AIN’T EASY BEING THE PRESIDENT

Monetary and fiscal policies have to result in a generalized return of confidence to considerably reduce unemployment. Presidents Bush and Obama have both pursued proper economic policies to stabilize the economy and help confidence return.

President Obama’s compromises with the Republican Party on tax policy would normally be the right steps towards increasing confidence amongst consumers and employers. Paradoxically, his political rhetoric continues to be left-winged and counterproductive towards his own economic goals.

You can’t measure the confidence reducing effect of President Obama’s political rhetoric verses the confidence building actions of his tax policy. President Obama still has an opportunity for greatness, but for some reason his priorities are not single focused on solving the unemployment problem, which would require him to stick to economics, not politics.

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Shepard Osherow. All Rights Reserved