Midday June 21, 2012

Lately, the market has been heading up on every little bit of bad news in apparent anticipation of the Fed taking additional action to spur growth.  Yesterday, the Fed came out and said that they would extend "Operation Twist" through the end of the year, and the market is currently nose-diving.  I guess that wasn't enough, but interestingly enough, there are plenty of people that think there really isn't much else the Fed can do.  So, someone tell me, just exactly what was the market expecting?

Brilliant!

Today, the Obama administration showed their true brilliance by calling the rise in unemployment, and lack of new job creation, "unacceptable."  They went further to say that Congress needs to "do more to create jobs."  Truly profound statements.

From my perspective, the unemployment figures, along with increasing talk of yet another "jobless recovery" only serve to demonstrate that we have not had any REAL economic growth in the last decade, and any growth there has been has been an illusion.

I really think I should run for President.  After all, I can tell other people to do something just as well as anyone else.  "DO SOMETHING!"  See?