« Protectionism for investment returns | Main | Trade we can believe in? »
Sunday
Nov142010

DC Disconnect

In the nation's capital, everybody's talking about how the new Congress should fix the federal budget deficit and taxes, and the Republicans are talking about fixing health care.  So, you might think these professional politicians must be reacting to voters' top concerns as reflected in the recent electoral earthquake.  You'd be wrong.  According to the latest CBS News poll, only 4% of respondents said the new Congress should concentrate on the budget deficit, 2% said taxes, and 14% said health care.

Meanwhile, all the pundits seem to agree that the new Congress will do nothing about the economy or jobs, although this is the top concern--by a very large margin--of those polled.

What Should New Congress Concentrate on in January?

Economy/jobs     56%

Health care        14%

Budget deficit      4%

War                    2%

Immigration        2%

Education           2%

I don't think DC politicians are deaf, but both parties' ear trumpets seem to be turned in a different direction.  Multinational Companies and Wall Street are enjoying boom times, and legislation that might create large numbers of domestic jobs and boost the real economy would be likely to reduce their profits and power. 

PrintView Printer Friendly Version

EmailEmail Article to Friend