Monday, February 23, 2009
Economic Policy, Guided By Liberal Ideology, Is Impeding Recovery - WSJ.com
"Exactly in the wrong direction". Ugh!!!
Wouldn't you think we would try what worked in the past?...
Wouldn't you think we would try what worked in the past?...
Peter Ferrara writes in the Wall Street Journal:
"This is why America seems so hopeless right now, and so depressed. We are stuck going in exactly the wrong direction on economic policy because of currently dominant ideological fashions.
A natural economic recovery will begin sometime this year, not because of the president's policies, but because soon this will be the longest recession since World War II. However, thanks to the administration's retrograde policies -- cut from the cloth of the 1970s and even the 1930s -- the recovery will not be what it should be. Rather, unemployment will remain too high, and inflation will resurge, recreating the disastrous economic results we suffered the last time Keynesian policies were dominant."
