OUR ECONOMY: THE PLAIN TRUTH

SPECIAL POST

Alan Greenspan, the longtime former head of the Federal Reserve, says that the continuing interference in the business sector by the government is causing long-term uncertainty that is undermining the economy.  "The first and most important issue to recognize in the United States — and it's a problem to an extent in other countries as well — is that the level of uncertainty about the very long-term future is far greater than at any time I particularly remember," he said.  "The extent of government intervention has been so horrendous that businesses cannot basically decide what to do about the future." 


What this tells me is what I have long suspected: If we got rid of the Obama philosophy of how to run the nation's economy, we'd be one helluva lot better off.  He has highhandedly changed every tenet of successful business that I ever learned.  Nobody wants to talk about what to expect in 2014, let alone 2020.  So, long-term planning is out the door.  This kills business investment and hiring.  And therein lies the answer to our struggling economy.  

That's MY AMERICAN OPINION, respectfully submitted.