"Mr. Obama wishes to be president of a country that does not exist. In his fantasy US, politicians bury differences in bipartisan harmony. In fact, he faces an opposition that would prefer their country to fail than their president to succeed."
Martin Wolf, Financial Times
The Non-Farm Payrolls number came in at exactly zero. I had to check the numbers to make sure of that headline, and sure enough, the number was flat month to month. Considering all the adjustments that are made to that number it was a remarkable feat indeed to have such an exact headline number.
This sets up the O-man's big speech next week, and the conversation amongst the pundits on the long holiday weekend.
The pampered princes on Bloomberg TV were touting their outrage all day, not for the dire state of the economy and jobs, but that the government might be taking some steps to rein in the banks, and fine them for some of their frauds perpetrated on the country during the run up to the financial crisis.
How dare the commoners criticize the banks! Indeed.
