Why isn't the economy recovering? After previous recessions, unemployment didn't get stuck at close to 10 percent. If left alone, the economy can and does heal itself, as the mistakes of the previous inflationary boom are corrected.You will find the whole thing at this link.
The problem today is that the economy is not being left alone. Instead, it is haunted by uncertainty on a hundred fronts. When rules are unintelligible and unpredictable, when new workers are potential threats because of Labor Department regulations, businesses have little confidence to hire. President Obama's vaunted legislative record not only left entrepreneurs with the burden of bigger government, it also makes it impossible for them to accurately estimate the new burden.
We had better all hope that the American people walk into the polling stations this November and start the process of halting and reversing the economy-killing insanity that began with the passage of TARP and has only accelerated since.
We are running out of both chances as well as time to keep the good ship America from rolling over for good, as it is now listing perilously close to the tipping point.