a funny thing happened on the way to the forum
I wonder if issues like this will even get mentioned at the Bush
photo-op economic forum, especially since administration critics are apparently not invited--possibly because they don't provide bribes generous campaign contributions like a lot of the business representatives did? (The administration has protested that many voices are represented, but the list of attendees seems to be heavily weighted toward pro-Bush viewpoints.)
I know I feel so much better knowing that Bush is so "incredibly optimistic" that the economy will rebound. Acknowledging that investor confidence is critical, Bush summed up his administration's policy nicely by saying, "Confidence is more than just government enforcing the law. Confidence is an industry policing itself." Which, of course, has been working just wonderfully.
Meanwhile, Matthew Yglesias wonders if any corporate executives would look beyond an agenda of immediate self interest to speak to critical problems the way AFL-CIO president John J. Sweeney did in his op-ed piece.
Update: Apparently they didn't get the briefing book; the Federal Reserve left interest rates unchanged but warned of the risk of weakness in the economy. Of course, with the federal funds rate at a four-decade low of 1.75%, there isn't much room left for them to fiddle with interest rates--which means economic policy is going to have to come from somewhere else in government. No wonder they're worried.