August/September 2010 Comment:

The Obama administration increasingly finds itself on the defensive with respect to the economy -- a plight our favorite cartoonist, Ed Stein, captures nicely in the accompanying cartoon. AFP reports "Obama's poll numbers are touching all time lows -- some in the mid 40s -- and U.S. optimism is in short supply amid 9.5 percent unemployment, tumbling stocks, the dragging Afghan war and the lingering effects of the Gulf of mexico oil disaster."

This is essentially Waiting for Godot, economic-style; the much-promised recovery is the thing that never comes. If you're waiting for this ship to come in... don't.

_______________