Today's Headlines

Well well, the headlines of the day fit nicely with some themes I've hit upon in the past here at NBfPB. First, the front page of the WSJ has an amusing item about how Goldman Sachs is trying to make the pill of their big bonuses go down easier with a PR campaign. Too funny. I don't begrudge them their bonuses one iota, but the public scorn is all their fault. That firm is a hive of cocktail party liberals who swooned over Obama and supported all the Sausage Factory bozos who have led the charge in getting the public to hate...Goldman Sachs. A buddy of mine - a Prius-driving, universal healthcare-loving, Palin joke-a-minute guy who happens to make a couple million a year - expressed to me shock, shock!, at the "communist lynch mob" that directed it's venom at Goldman over the last year and a half. I gave him the dual Claude Raines/Political Unsophistication Award. Socialists hate capitalists, period. If you are a capitalist, as one needs to be to work at Goldman, then don't try to put socialists in power and don't be surprised when they come after your paycheck. It's pretty simple to me, if you believe in capitalism, don't vote for people who hate it - something the million dollar geniuses at Goldman are too sophisticated to figure out (not unlike a Harvard-educated President not figuring out that if you talk all the time, people give less weight to what you say).

Second item today, is the jobless claims number. I guess it is good that businesses are firing at a slower rate, but they are still firing in pretty large numbers. This has to stop before it can reverse, and it is far distance from stopping. The employment situation, it is obvious to be, is terrible with little good news on the 12-18 month horizon. That spells big trouble for the party in power and Dear Leader, he of economic genius despite never having worked in the private sector. Told ya' so.