Quote of the Day

One might have guessed it would take a decade of Obamanomics to produce European welfare state levels of youth unemployment, but at 18.5% we're there.
About the only positive sign is the price surge in normally uncorrelated assets—stocks, bonds, commodities, gold—as fund managers use cheap credit to play the carry-trade opportunity.
All this might be defensible if time were being bought to clean up an accumulation of past excesses. Instead, the president is creating a new one. "It's no exaggeration to say the Senate health-care bill taking shape is the equivalent of climbing aboard a train about to plunge into a canyon and deciding what it really needs is a bomb on board."


http://online.wsj.com/article/SB10001424052748703574604574499430059865524.html