Regarding the election, this news isn't likely to have much of an impact. There are very few undecided voters left and as this change was no shocker in either direction, it won't likely change any minds right or left.
The bastion of high finance, the IMF, has come out against austerity. Can Mitt be far behind? Look forward to the next debate, when Romney's new "etching" will no doubt have him denouncing the president for his jobs program, while suddenly offering up his own version to get the economy going.
The JOBS act helps more people, entrepreneurs and investors, find more opportunity. That, more than bailouts, is the wise role for government to play in the shift from an industrial to a digital economy.
The fastest growing category of employment is in temp work, followed by health care and "leisure" -- which is described as consisting primarily of "food service and drinking places." If it's "morning again in America," at least we know somebody's been hired to pour the coffee.
We're being treated to a morass of slogans and glib promises. Given how crucial this issue is to most Americans, the electorate deserves a lot better. Here's a modest proposal for a franker, productive debate.
In last Wednesday's CNBC-sponsored "Your Money, Your Vote" Republican Presidential Debate, an intriguing question was posed that goes to the heart of the issue "to what extent should America be willing to rely on the private sector for our economic recovery?"
Republicans maintain that the states and private companies could more effectively rehabilitate infrastructure than could Obama's proposed Federal Infrastructure Bank. But the GOP argument is a red herring.