And what of the private sector, the hero of the Jacobin Congressional Republican delegation? Their numbers indicate that they are pulling in the Help Wanted signs. The Institute for Supply Management reports that fewer manufacturing sectors are still expanding and new orders have dropped sharply, unless one is a supplier to the Pentagon. War Is Still A Racket, eh, Smedley?
But the Blue Bloods need not fret that Them What's Got will be Them What Gets To Pay. The Fed -more concerned with foreign investor confidence than anything else- isn't about to advocate any further stimulus at this time, so neither increased federal spending adding to the deficit nor higher interest rates affecting loans are going to interfere with next year's yacht purchase.
For the rest of us, we get yet another large helping of Audacious Hope. Someone better tell Rahm that November will be here ere long, and he's nowhere near ready to receive it. And don't think that Dick Daley is worried about a challenger, Rahm. You've already given him the smoking gun he needs to retire you permanently - and His Daddy Da Mare taught him how to be a Dead Eye Shot!