|
Analysis: Obama recovery plans sowing some unease
"...Allan Sinai, chief global economist for Decision Economics, a Boston-area consulting firm, said the complexity and enormity of the crisis make it hard to solve.
"There's no way to get it all right, regardless of which president is making policy," Sinai said. "The problem is the sickness got too far. The actions taken, medicine applied, were mainly the wrong actions. So it's just worse, and it gets harder to deal with. At this stage, there is no easy answer, no easy way out. It's a question of how we fumble through."
You should have bolded that.
I don't think all the naysayers are helping either. This recession, which is possibly a depression now, or headed that way, is different. The housing market started it, but it was created by the financial institutions, and the problems that created this mess are not going to be easy to solve. They run deep and they are convoluted. It is complicated. I don't think ANYONE knows exactly what to do. It's easy to sit on the sidelines and criticize, but if asked what they would do, many of the people being critical don't have a clue what would work either. *heavy sigh*
One thing is for sure, doing nothing, or simply cutting taxes, is NOT the answer. And that is what many republicans want to do. Cut taxes. A LOT of wealth was artificially created, and that needs to adjust. It will never come back, because it was never real to begin with.
|