“Its Forecast Dim, Fed Vows To Keep Rates Near Zero”


     This is not the time to combat inflation; it is the time to implement measures that will create jobs.  The best and fastest way to put a significant number of people to work is to invest in the country’s infrastructure.  It is work that needs to be done and there are plenty of idle or semi-employed workers willing to do it.

     The missing ingredient is the investment of sufficient money which can jump start the stalled economy.  Though it is in possession of plenty of cash, the private sector will not invest in such a program.  Only the government can raise the money necessary for this effort, that would be a 21st century New Deal.

   Instead of invoking positive images of past Republican presidents like Ronald Reagan, Obama should take Franklin D. Roosevelt as his model.  That is the way to a genuine recovery of the economy.

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