Friday, September 16, 2011

The GOP Knows Why The Recovery Is Slow and Many Democrats Agree

Ezra Klein provides a snapshot of politics via his Washington Post blog. His lead article is about the major difference between the political parties about economics. They don't agree about what caused our economic problems. Therefore, it is not surprising that they cannot agree on solutions. In essence, the GOP is united in blaming the Obama administration for the slow recovery. The politicians and their supportive economists, like Borro and Mankiw from Harvard, claim that businesses will not invest because they worry about tax increases, regulation and future debt problems. The Democrats, as usual are divided on the economics. Many have joined the GOP chorus in denouncing government spending and deficits.

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