We are on the front end of a recession. The profits picture is very much in doubt. More Obamanomics tax hikes are in the air. Europe is unsolved. U.S. finances are a mess. All this is being discounted by slumping stocks.
Great leaders rise to the occasion, and just five days ahead of a government shutdown, we know all we need to know about President Obama and Harry Reid’s Senate: They are fundamentally unserious about reining in spending.