Do you ever wonder if economics has gone by the wayside and now it's all simply consumer confidence, public relations and wishful thinking?
Obama Economist Christina Romer via Financial Times:
The US economy will feel a substantial boost from the Obama administration’s emergency spending package over the next few months, says Christina Romer, a senior White House official, who has warned against tightening monetary and fiscal policy before recovery is well established.
We are going to get some serious oomph from the stimulus, there is the inventory cycle and I believe there is some pent-up demand by consumers.
Really? Hmmm, how can that be if one is busy awarding contracts via the same corrupt system that Iraq war contracts were administered, enabling the offshore outsourcing of jobs and not targeting states which most need the jobs?