Saturday, March 28, 2009
Not Ready For Prime Time
I get the impression that the post electoral honeymoon of Obama is over. He seems to have not realized the enormity of the job. Despite what the talking heads claim he looked lost in his last press outing. His popularity will continue to erode and his sole hope remains the business cycle.
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See my post today over at THE ASTUTE BLOGGERS.
A government spending bubble is unsustainable. And given there's nothing but social spending on the bubble in the Obama budget, the non-government based economy can only get worse.
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