Here’s what’s wrong with Washington: If it doesn’t negatively impact K Street, nothing’s going to change. Unfortunately, all too many of our biggest obstacles to recovery benefit K Street.
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Show Prep:
What’s Right with Ransom
Big Three:
Number Three:
Understatement of the week: Something’s not quite right with China. This is, however impacting emerging markets
Number Two:
Fed minutes released today. And looking into my crystal ball: I see continued QE infinity.
Number One:
And here’s the big question about the Fed: Do they care that their little money printing experiment has done very little to improve the economy? Even CNBC (which was trying to put a positive spin on recent economic data) points out that GDP is no-where near where it needs to be
Stocks in the News:
Eli Lehrer, with the Washington DC think tank “r street”, talks to John about the complexity of Obamacare:
Other News:
When you’re not doing well in the game. . . Change the rules.
Jack Lew says no bailout for Detroit. . . Obama says he already saved Detroit with GM Bailout.
The best years of Obama are still looking pretty bad.
The full program, from start to finish, for your educational benefit:
