The Fortune 500 have accumulated a record $1.8 Trillion in cash on their balance sheet. Nobody is investing, or hiring, or taking risks. They're harvesting. This is the confidence problem in a nutshell. The Obami having apparently done everything in their power to destroy investor confidence need to step away from the whips and goads and other business torture implements they have so lovingly accumulated over the years.
I mean unless they want to go the way of the Herbert Hoover Republicans.
Christine Romer is the acknowledged expert on recessions and how to get out of them. She's the Chairperson of the President's CEA. Maybe the Obami missed a key word in their last meeting with her. Maybe when she said 'don't' do these things they heard 'do' do them. I mean it makes as much sense as any other explanation for their behavior.
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