Barron's Up & Down Wall Street by Alan Abelson - Barrons.com

Barron's Up & Down Wall Street by Alan Abelson - Barrons.com

We also haven't seen Obama really do anything positive for business or positive in the way of cutting back on government regulations or inhibitions to business here in the ole USA.

We heard a bit of talk about actually get drilling permits issued for the Gulf - but, talk isn't action and action is what's been missing.

And, lest we forget the ever closer June end of QE2 - as if the open money spigot was inconsequential.

Clearly Obama and his cohorts and supporters feel there is nothing wrong with endless entitlements and bigger and bigger debts to be paid by - can we guess - higher taxes.

So, looking down the road, one does have to opine that the sagacious should be cautious; and, that frankly doesn't sound like much in the way of job growth or economic expansion.

(We really appear to have a two-tier job picture and again, nothing is being done to recognize it, let alone take steps to ameliorate the discrepancy of less than 5% unemployment for those with a college education vs. all the rest.)