Experience shows that it is sometimes a long way from the passage of reform legislation to the actual impact on the economy and its institutions.
Last-minute statistics might provide President Obama with some tailwind.
Oil and gas prices are high now for a very simple reason: the U.S. Federal Reserve has gone on an unapologetic campaign to push up inflation and push down the value of the U.S. dollar.
The Fed’s policy to «keep interest rates low for an extended period,» will inflict untold harm on the U.S. economy.
While I am not an advocate of more government intervention, quicker FDIC action and a similar RTC solution would go a long way to speeding up a recovery.