John, at the risk of damning them with faint praise, our readers are a lot smarter than our lawmakers. Another reader comments on the $20 billion “fund”:
The money will not sit in an unproductive fund. It will be “invested” in U.S. government debentures (just like the the social-security “trust fund”). The “lock box” will contain nothing but worthless paper. You can’t pay down the debt with a bunch of IOUs from the same debtor who owes the debt in the first place. They play the shell game with glass shells, and assume we still can’t find the pea.
Whether the problem is animus toward private business or ignorance (only a handful of Congressmen have actually run a business and the White House is shockingly devoid of people with private-sector experience) — the result is the same. On taxes, regulation, and spending, the administration and Congress are doing everything imaginable to impede the recovery. The voters may not appreciate all the details, but they can see the results. And they will vote accordingly in November.