Mad Governing Skilz

Sheesh, I just can't keep up. And more and more, I just don't want to keep up. The DOW closed today just shy of 11000 even with news that the US monthly budget deficit in April was 4x higher than forecast and tax receipts were way down from last year. No wonder considering that 20% of america's workforce is sitting around on the dole.

Oh, and a couple polls suggest that the recovery has stalled since US manufacturing is almost flat and economic activity is flat according to trucking data. Employment can't increase until the economy grows at a 15% rate! In other words, NEVER under this regime.

Then the CBO reported today that Obumbacare would cost more than $1T in the next decade. Since the dictator said he would veto portions of his health care legislation that approached the magical $1T, it looks like this economic vampire will have to veto parts of his own freakin bill. Indiana is discussing dumping Medicaid because of unfunded federally mandated costs that would break the state budget.

And three polls confirm that 2/3 of americans support Arizona's immigration law (which, incidently is US law that isn't enforced at all). But that won't stop the US Senate from introducing their AMNESTY bill. Nope.
This Congress is ignoring american voters and doing as it pleases.

Greek unions plan to strike on May 20 to rescind the EU/IMF rescue plan and restore the worker's paradise in the birthplace of democracy. Like Obumba and the bolsheviks in Congress they know that being broke is no reason to stop spending like crazy.

So I don't understand Wall Street's optimism. I'm not optimistic. Are you?