Sunday, June 5, 2011

Obama gets an economic jolt - The Washington Post

Obama gets an economic jolt - The Washington Post

Obama made a stop in Ohio to focus on the importance of the "private sector" being the lead for starting the economic recovery. In a word, duh - but do not be fooled. Obama will probably use private sector rhetoric as the framework for promoting QE II and III since he believes only the government can light the spark necessary to begin growth. The only thing cheap money will spark is the firestorm of creditors divesting themselves of US bonds.

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