Slow but Interesting Day

The jobs report was exceptionally good in April.  This is part of the residual impact of the Stimulus, where job creation is always a lagging process and partly the impact of the weak dollar and partly the impact of a technical recovery.  A recession can only last so long, ultimately consumers and business must replace durable goods like cars, appliances, machinery etc, and the economy gets a jump start.

The risk is that just as the economy is taking off the “let’s cut government spending” crowd will ruin things. 

Fannie Mae continues to need government infusions of cash.  Where are the blithering idiots who privatized the Company? 

The Kentucky Derby was run today.  Can someone tell us again why anyone cares?

It is now May 7.  Does anyone know where the Gang of Six Plan is?

Just in case you cared, the Alternative Voting System in Britain, for which the Lib-Dem party sold its soul, was defeated by 69% to 31%.