M-P

At Least 43,000 New Obamaconomy Workers Freed Up

This is not an either/or argument, which is ubiquitous on the blogosphere. I'm not in favor of rewarding incompetence, malfeasance or poor decision making, which ran the gamut - from homeowners, consumers, rating agencies, banking executives, government officials, etc. It seems that common sense is not common practice at all levels of society. Any government injection (taxpayer money recycle) needs to have a good business case and be an invesment vs. a feel-good, politically motivated check-writing exercise - see the last "stimulus" ... we know that temporary stimuli are not fully spent - esp. in an economy of uncertainty and job loss. Also, we can't go back to a consumer who has a negative savings rate and uses their house like a piggy bank. Any spending should be around USA R&D - education, innovation, entrepreneurial zones, incenting competitive advantages, etc. Some of the President's ideas are Ok and are clearly an investment - others are a wait and see. As anyone knows in business, the rubber meets the road when you have to implement and execute - then we'll see how good the check and balances are - think the Big Dig in Boston, which we all paid for.