Skip to comments.The Milquetoast Radicals
Posted on 10/11/2011 7:46:24 AM PDT by Beave Meister
The U.S. economy is probably going to stink for a few more years. It is beset by short-term problems (low consumer demand, uncertain housing prices, too much debt) and long-term problems (wage stagnation, rising health care costs, eroding human capital).
Realistically, not much is going to be done to address the short-term problems, but we can at least use this winter of recuperation to address the countrys underlying structural ones. Do tax reform, fiscal reform, education reform and political reform so that when the economy finally does recover the prosperity is deep, broad and strong.
Unfortunately, the country has been wasting this winter of recuperation. Nothing of consequence has been achieved over the past two years. Instead, there have been a series of trivial sideshows. Its as if people cant keep their minds focused on the big things. They get diverted by scuffles that are small, contentious and symbolic.
(Excerpt) Read more at nytimes.com ...
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