This chart says it all. The Federal gov’t is in an untenable position, and with unemployment rising, wages falling, real estate crashing, and GDP growth stalling, there is no F**king way the USG is going to be able to fix our economy. Things are going to get much worse before they get better.
Hang on, severe turbulence ahead.
I usually don’t think the talking heads on CNBC have valuable insight, but Rusty Cloutier is an exception.
So much for “change we can believe in.” The Obama plan is a disaster for financial regulation. There is no hope of real reform.
Felix Salmon » Blog Archive » Financial regulation: The alphabet soup gets much worse | Blogs | .
Bozeman, MT city leaders have lost their collective minds. Astounding.
Consumerist – Applying For A Job? Great, Give Us Your Google And Facebook Passwords – Facebook.
Plus ca change, plus ca la meme chose.
I don’t think there are many must-reads in US MSM these days, but this piece yesterday is it. Finally, we’re getting sensible journalism questioning the Obama administration’s rush to claim the patient (the US Economy) is out of ICU. It’s not.
Op-Ed Contributors – The Economy Is Still at the Brink – NYTimes.com.