Friday, April 22, 2011

Nation’s Mood at Lowest Level in Two Years, Poll Shows

This is not a surprise, and something I've blogged about for months, especially with the knowledge that any semblance of an economic recovery has been fictional.  The so-called wealth effect of rising equities markets is being overshadowed by the poverty effect, as unemployment remain frustratingly high.  Add to that record foreclosures, bankruptcies, soaring energy and food prices, and you have a recipe for a consumer-led mini-revolt. 

http://www.nytimes.com/2011/04/22/us/22poll.html?_r=2&hp

If Obama wants to get re-elected, he'll need to engineer another financial crisis, so Fed Chairman Bernanke can come to the rescue with another massive bailout, this time, of itself.

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