Whether some people like it or not, the Keynesian economic model is a pretty realistic view of how things work or should work.
Monetary policy, no matter how easy, and fiscal stimulus have a hard time igniting sustained recovery without confidence on the part of our people.
With Obama constantly raising the tomahawk of class warfare and evil corporations, (even telling people not to go to Las Vegas), and the Tea Party advocating a totally wrong economic model that won't lead to recovery, its no wonder confidence hasn't returned. Until both sides can see the factual difference of their dialogue, the two necessary ingredients for recovery; low interest rates and confidence, won't come together. So we muddle as the politicians vie for power above all else.
Tuesday, August 16, 2011
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