I keep hearing it: the problem isn’t the economy, it’s American’s lack of confidence in the economy which is changing their behavior. It was in Newsweek again yesterday:
It’s a cliche — but true — that a huge obstacle to a stronger economic recovery is the lack of confidence in a strong recovery. If consumers and businesses were more confident, they would be spending, hiring and lending more freely.
Look, when you’re on the Titanic, it doesn’t matter how confident you are, the ship is still going to sink. What American’s lack today is self-delusion. We see a tidal wave of entitlement spending, over regulation, the EPA driving energy prices up, the FDA causing a drug shortage, and the government’s answer is more of the same. It’s not our wacky psychology that’s at fault here, it’s rotten big government policies.
So stop blaming the victim, MSM!