The Uncertainty Economy

The Wall Street Journal ^ | November 25, 2009 | WSJ Editorial Staff

[Puzzleman]

Preparing to write about yesterday's downward revision in third-quarter GDP, we were tempted to say the Obama Administration has hit a speed-bump on its promised exit out of the recession.

-- snip --

The panicked Democrats' biggest problem is that Congress and the President have erected the biggest overhang of economic policy uncertainty that anyone can remember.

-- snip --

Nurturing a fragile economic recovery into a durable expansion requires policies that restore public confidence and reassure investors, risk-takers and employers. The Democratic agenda is doing precisely the opposite, which is how you get subpar growth and fewer new jobs.

[Puzzleman]

Clear explanation of the Obama's economic mess.

[gov_bean_ counter]

Sure wish somebody would challenge Obie on his “back from the brink” crap.

[Lawgvr1955]

Spot on. All my fellow small businessmen with whom I have spoken agree that they will not be expanding their businesses as long as the "anti business" Obamacrats are running things.

I really do not expect the jobs picture to improve substantially during Prez Zero's term as only a fool would expand business while he, Reid and Pelosi are leading the charge against capitalism.

[Jacquerie]

“It is time to cast aside all remaining doubt. President Obama is not trying to lead America forward to recovery, prosperity and strength. Quite the opposite, in fact.”

“(Stimulus, Obamacare, Cap’n Tax) will make matters much worse, for that is their design.”

James Simpson, American Thinker

[crescen7]

Ummm... I wonder how much WSJ pays to write about what is plainly obvious. The article makes sense... but certainly a candidate for the “captain obvious” award.

In January I wrote,”It is stability and confidence that provides the proper climate for the innovation that yields economic growth. When peoples confidence in fair, equitable laws of commerce, fair taxation, a stable currency and financial system returns; so to will innovation and production return. Only then will we be on our way to recovery and prosperity.”

Sounds like WSJ has finally caught on.

[iopscusa]

WSJ EDITORIAL STAFF has finally caught on. There are a lot of bad reporters/opinionist at the WSJ, Thomas Frank, Peggy Noonan, all their Illegal Immigrationist, etc. But it is a bit better in comparison to most of the Deadhead Journalism in this country.