Monday, July 20, 2009

Get Out The Nomex - Torches Are Being Ignited As We Speak

From the Politico: Barack Obama feels the heat, changes the play.

From the Washington Post: The Squandered Stimulus.

Buy long on torches and pitchforks.

This is not real surprising. Since the nation's wealth is created in the private sector, it didn't make sense to stimulate the public sector beyond the safety net. My real fear is that a window of opportunity for quick relief for private sector stimulus has been lost and the overall economic situation is so depressed that any relief to business will be met with extreme scepticism. I think it is going to get a lot worse.

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