As you watch and listen to all the Sunday morning talk and news shows, with all their politicians and media talking heads and economists and pundits spouting off with their predictions and prescriptions, remember:
- they didn't predict the housing crisis;
- they didn't predict the banking crisis;
- they didn't predict the financial crisis; and,
- they didn't predict 10% unemployment.
Face it. They don't know what they're talking about. They're just giving their opinions which express their prejudices and ideologies without any real basis in fact or common sense.
And, common sense tells you that the best and pretty much only thing the government can do with long term effect to help the economy is balance the budget and pay off the national debt (whether through spending cuts or tax increases).