There is absolutely no reason that the economy should take a hit because our nation's businesses won't use the available technology and resources to make their workforces mobile and prepared. Telework is absolutely in the nation's best interest.
Telework is not a silver bullet. It won't cure cancer or make your hair grow back (darn!). It's a management tool, pure and simple and we need to treat it as such and stop trying to vilify or lionize it.
The telework discussion has become a surrogate for a broader conversation on the very nature of work. How we manage knowledge workers is (or should be) very different from how we have done so over the past 200-plus years.