AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.
Just to again point out, I don't think that we should stick our head in the sand. I think that we need to fight ISIS with every available weapon. And our greatest weapon is to drive a clear wedge between Islam and ISIS. By doing that, we provide the political cover to the Islamic powers in the region to also fight ISIS.
As to the point about Islam being a religion based on murder and conquest, sure it's been that. It's also been the center of culture, tolerance, and intellectualism. Islam is a Canaanite religion; hence the violence and xenophobia. This is where we get the parts of the Bible we generally ignore now; eg the genocide of the Ammonites (Deut 3:24), the murder of everyone in a city if worshippers of another god are found there (Deut 13:15) and many many more.
It's pretty easy to go back through Jewish, Islamic, and Christian history and find all sorts of terrible things done in the name of those religions. It's also possible to find all sorts of amazing things that have been done in the name of that religion. Take Christianity. On one hand we have the Crusades, the Inquisition, the witch hunts, hundreds of years of wars between Catholics and Protestants, etc.. On the other hand we have Trappist ales. So on the whole..Christianity is probably a net win.
The point is that declaring war on a religion doesn't work. It's like putting water on an oil fire. Force doesn't convince people that their way is wrong, it reinforces their resolve to fight. This isn't about ISIS, it's about the rest of the Islamic world. ISIS is going to fight to the death, and the Administration is working to oblige.
Only a fool fights more people than they have to. This is about the people who are sympathetic to ISIS, but don't approve of their methods. And there are a TON of them. If we drive them towards ISIS then we will create a permanent Islamic Extremist base in the region. If we accept them and encourage the voices of moderation then we will cut off ISIS's source of recruits. We can then purge their cancer from the region.