Call for economic overhaul: Column

Jay Owen Beyond GDP

Everybody is finding fault with the economy these days. When it doesn’t grow quickly enough, business leaders complain, then President Obama announces he is refocusing on the economy yet again. When job growth appears to pick up, as it did last week, investors flee from stocks fearing rising interest rates.

It often seems that only those who make money when things are good and when they are bad seem to be happy. People such as the 10 highest-earninghedge fund managers who averaged a billion dollars in take-home pay last year are all smiles. But regular Americans have legitimate concerns, especially those who have faced home foreclosures, layoffs, and sky-high tuition and medical bills.