Now we all see the oil disaster and everyone is focused on the government failure and ongoing oil being spilled into the Gulf everyday. BP for certain will pony up the money to settle lawsuits that will help stave off massive unemployment. But the owners will get the majority of that while thousands of their employees will join the ranks of the unemployed - catastrophic to the economy. Not only is the government pandering Cap & Trade-type policies, it is also forcing the oil companies to put up billions into yet another government slush fund. What do you think is going happen at the pumps? Gas prices will go up! Aggregating the issues that just keep on coming should drown out the pandering and publicity around positive signs for the economy but that would hurt consumer confidence, wouldn't it? The elections are coming - and the airwaves are going to be filled with anything that can be sold and pandered as positive news. All the talking points will take individual metrics and beat the drums; but if we are not aggregating these issues, we will never see through the wool over our eyes. [more...]
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