Being a small business owner I'm an eternal optimist. But small business owners need to pay close attention when the media says that something "increased" or "got better." Always say to yourself: "Better? Compared to what?"
Politicians need to realize that in the pursuit of available funds, there are untapped dividends available where they may least suspect it. Increasing the peace not only improves quality of life but the economy as well.
Whenever a bad news topic arises like high gas prices or Iran, Obama's face is plastered all over the news with the caption, "What Does This Mean for the President's Re-Election Chances?" But, when there is good news on the horizon... nothing.
The Obama administration is already on the case here, requiring agencies to come up with plans to revisit old rules and identifying outdated regulations for the chopping block. This strategy represents the most robust effort of any president to clean out cobwebs in agency rules.
A series of inaccurate forecasts could make people doubt the ability of the FOMC. Opinions on the new reporting detail will vary, but ultimately the verdict may lay in the hands of whoever eventually succeeds Ben Bernanke as Fed chairman.
How to cure the record income inequality that has resulted from so much power going to Wall Street and the corporations? At least, let us return to the income tax brackets that brought so much prosperity to the middle class during the 1960s and 1970s. What were they?
Advanced countries face difficult choices as they undertake fiscal adjustment. While pension reforms will certainly need to be part of the picture, we must keep in mind the vital role pensions play in reducing old-age poverty.