It is time that we realize that the Federal Reserve has done everything that they could do for the economy. They obviously must continue to create liquidity but the problems are fiscal in nature. Politicians in Europe and the United States must understand that it is time to declare an all out offensive on promoting growth and economic efficiency. This doesn’t mean building bridges to nowhere but it does mean promoting investment and job creation. Punitive dealings with banks which stifle lending and ruin confidence are not the right way to stimulate this stagnant economy. It is not an issue of class warfare but instead is about getting back to what made America great which is innovation, and a government that worked with business instead of against it. The class warfare argument is not much different than the rhetoric in Greece where pensions and completely illogical safety nets are kept up killing the economy. We can’t be blind to our own deficiencies and budget deficits, and it will take voters that realize painful decisions must be made to get things on a better track moving forward. I’m not a political person and I really don’t identify well with either party as there is enough blame to be shared. I just wonder at what point do we start working together to solve these problems as opposed to working against each other, delaying the inevitable, and increasing the societal costs.
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