Wednesday, April 25, 2012

It's the Uncertainty Stupid

Secular Apostate has a great article that correlates the current uncertainty over policy with the lousy economic recovery. Titled "Not Rocket Surgery" he takes deadly aim on the buck passing responsibility of the President for the current economic malaise. From his previous article on the subject in 2010:

Here are a couple of recent quotes that illustrate the root of some of the economic and social uncertainty we’re feeling these days:

“We have to pass the bill so that you can find out what is in it…”
—–- Nancy Pelosi

“No one will know until this [banking bill] is actually in place how it works.”
—–- Chris Dodd

Those two statements are the very essence of uncertainly. They are poison in the American economic well.
From today's post:
That’s more than enough uncertainty to choke a horse, or even a hippopotamus; it’s enough to choke the world’s most dynamic economy. Business is hunkered down. Families are hedging their bets. According to Rasmussen, our most accurate pollster, only one-quarter of survey respondents think the country is on the “right track”, and two-thirds believe our best days are in the past.
The whole post is worth a read.

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