Things are not as good as we pretend, and they are bound to get worse with the implementation of Obamacare. This is one reason I am convinced why Barack keeps pushing the mandates and regulations back in time – by the time they take effect fully he will be out of office and all blame will be avoided.
John Maudlin, a guy whose newsletters I get every day, has been hit or miss in my opinion, but when he is miss I think it is because he is trying to remain an insider in Washington circles. Even so, his thorough column yesterday expounded on why we are not in a recovery from recession today, and why things are bound to get worse. If economics are your thing, read it here.