Obama, Romney and the Hail Mary

THE WALL STREET JOURNAL, Wednesday, October 3, 2012

BUSINESS WORLD:  

Obama, Romney and the Hail Mary, by Holman W. Jenkins, Jr.

“The first presidential debate is Wednesday night.  Why mess around?  The rich world, of which the U.S. is a part, has been engaged in a monetary Hail Mary that could end badly…

The Federal Reserve appears to be giving up on the politicians and trying to heal America’s debt wounds the best it can by itself, with (a modest, it hopes) dose of inflation…

But the global Hail Mary will end badly if the aging indebted welfare societies of the rich world, including the U.S., don’t get growing soon.  Let’s hope…the candidates find a moment to convey to voters what this election is really about.”  

A Hail Mary pass in American football is a desperate attempt to score when the clock is running down.

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