No Way!

A breaking news bullet on WSJ.com this morning says, "Federal Budget Deficit To Hit $1.75 Trillion". Wow! The Bush Administration did many things in 2008 that were less than desirable and did help dig a hole that Obama did inherit but, as much as Obama would like to say he inherited this deficit, thats is just untrue! The new Administration is out of its mind if they think this size of a deficit is going to fly with out some serious damage to our economy. This is scary stuff. The equities markets are going to have a field day with this and it is not going to be pretty!

A picture is worth a thousand words!

Wow. This cartoon certainly sums things up very well. President Obama is giving a big speech tonight. It will be very interesting indeed to see what he says and more importantly how the markets react to his work. What ever he says better be clear as the absolute last thing we need in the world right now is more conceptual mumbo jumbo. Ideas with a plan and details behind that are just what we need.