Panic Over The Stalled Economy May Be Setting In
Larry Kudlow, RCP
With the disappointingly soft jobs report for July, and a faltering recovery overall, is Team Obama getting ready for some sort of new, liberal-left, Keynesian, big-bang stimulus package? Will they be desperate to "do something"?Already there are rumors of an August surprise (to use the phrase of business columnist Jimmy Pethokoukis) where Fannie Mae and Freddie Mac forgive underwater mortgages held by millions of Americans. And with state and local government jobs having fallen 169,000 year-to-date, perhaps the Democratic Congress and the White House will seek an even bigger...
http://www.realclearpolitics.com/articles/2010/08/07/the_economy_is_moving_in_the_wrong_direction_106658.html
