FDR syndrome
arises from such great industrial uncertainty that businesses are
unwilling to make investment in permanent employment and related
expansion.
We are really in that mess now and our current mess is what probably validates this historically based description of an economic reality.
My observation is not based on a general hostility to Democratic Party polices, it is based on my forty years of experience advising businesses of all sorts and thinking about their issues. Small businesses can grow in any environment because their context is usually immediate. (Right now they are having trouble getting credit). The problem is large businesses who need a long timeline of pay-off to justify investment.
That is the current dilemma of large businesses. Between ObamaCare, pork-stimulus and the Dodd-Frank financial legislation, there are more than 4,500 pages of law. A lot of uncertainty to swallow at one time.