To get out of this economic sickness we can take certain medicines that will probably get us back on our feet.  Or we can take certain drugs that probably will not.  Medicines that will not make us better quickly.  Chances are we will take the latter.

There are medicines that revive economies.  We know they do.  We have seen them work here and in dozens of countries.  They are called tax cuts.  Tax cuts for entrepreneurs and smaller businesses. And relief from regulations.

There are other medicines that may stabilize economies.  But try as they may, they do not do a good job at getting the patient out of bed and back to work. These are higher taxes and heavy regulation.

Obviously our economy is sick.  Various folks blame unregulated capitalism for this.  They call for more regulations on that capitalism.  They are in no mood to cut regulations.  They are in no mood to cut taxes to reward capitalists.

Understandable.  We DO need more regulation.  Our financial universe has grown so quickly.  Regulations have not kept up with the new players and their tools.  But while we need more regulation there, we could do with a lot less regulation elsewhere.  We are not going to get less.  Not when the country is in the mood it is in.  And so that is one medicine we will be denied.

We are not likely to get tax cuts either.  We don’t feel like offering rewards to the capitalists we are convinced got us into this mess. So those are more medicines we will be denied.

We are likely to get more handouts to consumers.  This medicine has not done much for economies that are sick.  We are likely to get more bridges and roads and sewer systems.  We will get more government spending that is supposed to "create" jobs.  Sorry, but such projects have a poor history.

The problem is obvious.  In order to spend money on such programs government has to have money.  It gets it from whom?  From the folks who might have invested in new ventures.  From the folks who might have invested in expansion of their business.

If government takes money from them it clearly keeps them from creating jobs.  So it snuffs out jobs by taking the money from the entrepreneurs.  It uses that money to create jobs with its big programs.  Trouble is, that sort of job creation is very slow.