One of the central talking points of right-wing economists is that “uncertainty” caused by Obama is holding the economy back; they cite, again and again, a paper by Bloom et al purporting to find a relationship between uncertainty and jobs, with uncertainty measured via such things as article counts.The certainty meme has always irked me. Why is uncertainty such a big deal for these guys? Are we supposed to remove all risk from every business venture so the mighty capitalist heroes can be absolutely guarantied to turn a monster profit?
I'm hoping they're talking more along the lines of just reducing the probability of some screwball politician changing something that unfairly upsets the applecart at inopportune times. Of course, that's what they're selling - that Obama will do something that makes it harder for a business to flourish. But what has Obama done that in any reasonable (or even discernible) way has depressed the economy, or made it more difficult for any business to operate in the black?
It's a crock. And John Fugelsang has a few words on the subject:
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