Obamanomics Psychological Overhang

I don’t often cite stories in USA Today, but an article about the economy from Scott Powell hit the mark.  A few extracts:

A record $2 trillion now sits on corporate balance sheets waiting to be invested amid reasonably cheap assets prices. What holds back investment is uncertainty and fear stemming from an overbearing and free-spending government. Businessmen and investors would never attempt spending and borrowing their way back to prosperity. The debt-financed Obama stimulus plan is not only failing to create jobs. It also ratchets up systemic risk, inviting a currency crisis and bond market collapse — from which recovery might be impossible.

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