EVEN AS RECENT economic indicators begin to move in a positive direction, the US economy continues to struggle. Unemployment has crossed the worrisome 10 percent mark and is likely to recede slowly. It will take many years to regain the $14 trillion of wealth lost by American households. Our faith and finances have been shaken to the core.
Among the policy prescriptions emanating from Washington, investments in new areas of clean technology, infrastructure, and manufacturing deserve support. But while government should enact broad stimulus programs, it cannot be the driving force out of this recession. Indeed, if America is to recapture its position as a leader in the new economic order, it must be the new ideas coming from the private sector that shape our future.
To spur prosperity, nurture innovation - The Boston Globe