The general point taken from a Liberal perspective is that to improve an economy all one has to do is create demand. Therefore we had Obama’s most impressive Stimulus I along with Bernanke’s Quantitative Easing, lots of printing of money, and such things as using taxpayer money to guarantee the value of automobiles at the end of leases so Big Labor and hand picked GM executives could profit.
So where is all of the promised economic growth?
Sadly, Barack Obama is not the only politician to foster “fake economic opportunity.” We have lived under this form of economic growth for decades. Part of that growth comes of course from government deficits, at the federal, state, and local levels. That’s how one gets this big $15 trillion pile of debt at the federal level.
What is one to do? Growth, real systemic growth, will return when investment opportunities make sense from a risk/return standpoint We are not at that point today.