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Economists vs. Business July 25, 2011

Posted by geoff in News.
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The sidebar at AoSHQ linked to a The Hill column on the administration’s failure to reconcile with Business. The authors decided that the complaints of businesses could be downplayed due to this little gem:

The Wall Street Journal earlier this month found that, by more than a 2-to-1 margin, economists felt hiring was sluggish due to scant demand rather than to uncertainty over government policies.

The problem, as proven by the Obama administration’s farcical economic policy, is that economists don’t have a clue about business. Using a poll of economists to dismiss the criticisms of businesses is like asking a social worker to take over the governance of the foreign policy, economy, and defense of a superpower.

Uh oh . . .

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