Wednesday, July 21, 2010
What Would Economic Recovery Look Like?
Because I'm confused about what we're shooting for.
Is it a specific unemployment metric? And if so, should we revert back to Bush policies that had us near 4%? Or are we not comfortable with relative zero unemployment unless median salary goes up in the process?
Is it consumer confidence? Which is largely affected by how you think your neighbor is doing, and typically more pessimistic than reality?
Is it the Dow Jones Industrial Average? Are we looking to crack 12,000? 14,000?
Because your solutions are stimulus bills. New regulations. Subsidies. Tariffs. Tightened trade agreements. All in the name of "help". The problem is, I'm not sure what they're supposed to be "helping" us get to.
By: Eric Olsen, Regular Columnist
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Posted by Eric Olsen