The economy continues to lumber along, perhaps turning a corner without actually creating much in the way of new jobs. We never know just where we stand until it’s in our rearview mirror.. One thing that has perked up lately is talk about innovation as a way out of the mess we’re in. Obama is pitching $30B for small business lending on the grounds that this is where innovation, and thus jobs, are created. So far, so good. But the spirit of innovation in the USofA needs a lot more than that if it is going to be the engine of new growth and new jobs.