Monday, June 14, 2010

Too Few Animal Spirits by Robert Samuelson Washington Post

Obama Policies Discourage Jobs
See Washington Post
http://www.realclearpolitics.com/articles/2010/06/14/too_few_animal_spirits_105944.html
June 14, 2010
Too Few Animal Spirits
By Robert Samuelson

"What's missing are "animal spirits," in the famous phrase of economist John Maynard Keynes. In the boom, surplus animal spirits spurred speculation. Scarce animal spirits now hinder recovery. Given the magnitude of the housing and financial carnage, most of today's cautiousness and risk aversion -- by both businesses and households -- were unavoidable. But the Obama administration's anti-business rhetoric and controversial health "reform" may have compounded the effect. These policies created uncertainties and fanned partisan rancor. In the case of health "reform," they raised the cost of future full-time employees.

The administration believes these various policies don't hamper economic recovery. It ignores contradictions and inconsistencies. Historians, more detached and better informed, may conclude otherwise."

5 Comments:

Blogger 韻枝 said...

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June 17, 2010  
Blogger 冠慧 said...

you did a good job..................................................

June 21, 2010  
Blogger 王邦鈺 said...

nice to know you, and glad to find such a good artical!......................................................................

June 26, 2010  
Blogger juliancu said...

生存乃是不斷地在內心與靈魂交戰;寫作是坐著審判自己。......................................................................

June 29, 2010  
Blogger KrisMcmillen07星美 said...

成熟,就是有能力適應生活中的模糊。.................................................................

July 03, 2010  

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