jobs are created when capital is working.
thanks to the Obama risk premium, the Europe risk premium, the easy money risk premium, capital is on strike.
$2T is parked in things like T bills. We have another $1-2T parked overseas because the repatriation tax, at 35%, is too high.
then, of course, you have bonehead political plays like blocking the XL transcanada pipeline. and making it hard to drill on federal lands.
its as if Obama wants to see us worse off.
http://www.che.yuntech.edu.tw/teacher/chenwc/bionote/ch04.htm
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