Too Few Animal Spirits by Robert Samuelson Washington Post

Obama Policies Discourage Jobs
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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."