I think the author has a point, but I think the inertia of bailouts will prevail. The economy will improve before the bailouts have any effect, but then the tax increases that follow will slow things down again.
I see the stupendous rise is oil and commodity prices in general, as the basic cause for the crash that occurred in September. But it took a while to happen. Those increases that no one could pass on were justlike one big world wide tax increase. Now prices of everything have been adjusted, and we’ll get back to some kind of normal.
Housing will be the first to recover. Autos will be one of the last.
All this political talk about “jump starting” and infrastructure investment stimulating the economy, is just talk. The politicians can’t control the economy to the good, just like they haven’t a clue how to control the climate. Hell they can’t control themselves.
But they can do harm, and tax increases are the problem that’s coming.
