Tuesday, June 21, 2011

I Want To Believe

That when guys like this start pumping for a big stimulus (see Summers earlier, but primarily about payroll), there's some behind-the-scenes Kabuki at work, a build-up that eventually will turn into enough of a consensus to turn the economy around before it's too late.
Spoke to a knowledgeable woman yesterday still in her 40s who believes she will not have Medicare at retirement. She probably believes she won't have Social Security either.
In other words, I want to believe there's a long game.

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