Play all audios:
Boy, talk about short memories, said E.J. Dionne in _The Washington Post_. The business community welcomed the Obama administration’s infusion of billions of dollars when the global economy
was teetering on the edge. But now that Obama’s economic recovery efforts are showing some early signs of success, Big Business—led by the Chamber of Commerce—is once more preaching the
“old-time religion of bashing government” and worship of unfettered markets. The “business backlash” was inevitable, said Theo Francis in _BusinessWeek_, and in fact there are “real dangers”
in the Obama team’s “activist investor” approach to fixing the economy: taxpayers hopelessly locked in “lost corporate causes,” pay caps prompting top talent to abandon a company. But
business “grousing” about the government could also be seen as a positive sign that we’ve moved from crisis to “something approaching normalcy.” The “hopeful signs” of recovery should be
tempered by concerns about “huge budget deficits,” said the _Los Angeles Times_ in an editorial. As Federal Reserve Chairman Ben Bernanke warned, the government now needs to shift from
“stimulus to restraint,” and the efforts by Obama and Congress so far “just aren’t credible.” SUBSCRIBE TO THE WEEK Escape your echo chamber. Get the facts behind the news, plus analysis
from multiple perspectives. SUBSCRIBE & SAVE SIGN UP FOR THE WEEK'S FREE NEWSLETTERS From our morning news briefing to a weekly Good News Newsletter, get the best of The Week
delivered directly to your inbox. From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox. Fiscal restraint is the worst
thing we could do, said Paul Krugman in _The New York Times_. The “predictable yet ominous” calls to abandon the Obama rescue efforts might make sense in a normal recession, but the U.S. is
in a dangerous “liquidity trap,” and if the government reins in spending now, we’re doomed to repeat the mistakes of Japan in the 1990s and the U.S. in the 1930s. A free daily email with the
biggest news stories of the day – and the best features from TheWeek.com