I can’t believe I am sitting here typing about the US Congress putting the country on yet another economic collision course with recession. Seriously, can we do *something* to get rid of those pouting, foot-stamping tea-partiers before they drive the entire country into the ground?
A Quick Review of What Is Needed from Congress
Compromise on spending that results in short term expansion of the federal budget deficit, yet longer term cuts in spending (or increases in revenue or both) which result in reduced deficits in out years after the economy recovers.
A Quick Review of the Progress US Congress Has Made Toward Needed Outcomes
Zilch. More grandstanding and rhetoric. More pandering to the bases. More people in poverty. More people angry at the US Congress and President Obama.
A Quick Review of US and International Market Results Last Week
Odds of a Solution Worked Out in US Congress and Eurozone Before Market Collapse
I think that about sums up the political and economic landscape as we start the last week in September. Incompetence and indifference in positions of power all around the globe. Wonder where the ugliness will manifest itself this week?