Consumer Confidence Plunges - WSJ.com
At least the public isn't buying that with more jobs lost there is something positive that creates a drop in the unemployment rate. What's the old say: "fool me once, shame on you; fool me twice, shame on me"?
Guess the public doesn't want to be shamed!
And, now we have a poll (today in WSJ) saying that 85% of people think the President's health plan should be scrapped - yet, he's still trying to get it passed. There was a good opinion piece in the WSJ within the last few weeks summarizing a Republican health care proposal that wouldn't cost but could actually save money. Here the Pres. wants $950 B.
If the bond vigilantes start demanding higher rates for all this sovereign spending, I can't see rates staying down.
If the economy is going to have the government taking 30% of GDP instead of 20% - ummm? What is the private economy going to have to give up so the Democrats can have the extra cash to give away to unions and non-producers?
Somehow there has to be some basic math here that never got taught to the political class but somehow is known by the average American. Or, it would at least seem so.
Tuesday, February 23, 2010
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