WHERE is the Pied Pipeer of Wall St. TAKING US?

GET THE FACTS BEHIND THE NEWS

Elizabeth Warren head of the oversight panel setup by Congress
to monitor the Federal Bailout says, “THE GOV’T STILL DOES NOT SEEM TO HAVE A COHERENT STRATEGY FOR EASING THE FINANCIAL CRISIS despite the billions it already spent in that effort”. "Instead the gov’t seemed to be lurching from one tactic to the next without clarifying how each step fits into the overall plan. The overall impression is one of confusion by a leadershp(?) that does not know what it is doing.

One of the reasons for Ms. Warren’s observation is the US does not have an economic strategy or for that matter a strategy for many other important areas.

Professor Michael Porter distinguished Harvard Business School Professor has written in the Nov. 10 issue of Business Week an article explaining why he believes the development of a economic strategy is critical.

Professor Porter notes the American political system as it has evolved with piecemeal reactions to current events. Each candidate during the election presented a set of disconnected policy proposals for their political appeal. Each “approached the the economy with long held ideologies and policy positions, many of which no longer fit with today’s reality. I believe Professor Porter would like to see an organized approach to policies that promote long term growth and competitiveness

Professor Porter has measured the US economic effort against other countries. The US is not in the top 10 as a free market economic in many important aspects. MORE ON THIS.