As Examiner columnist and practicing economist Irwin M. Stelzer notes in today's edition, some of the traditional signs of recovery look positive. But businesses aren't investing in new jobs, they are instead hoarding cash, waiting for the next shoe to drop in Washington on such issues as health care reform, cap-and-trade, and federal taxes, spending and deficits. "There is a nagging fear among those who closely watch not only the economy but government policy that these nascent economic forces might be murdered in their crib by the current administration," Stelzer notes.
It's time for Obama and Democratic congressional leaders Harry Reid and Nancy Pelosi to step back from their radical plans to vastly expand federal power, spending, deficits and taxes, and instead reach out to conservatives in both parties who understand how to make the economy grow with tax cuts, reduced bureaucracy, and lower government spending. In other words, stop playing ideological games and get serious about restoring economic growth before millions more jobs are lost.