While driving in to work this morning I listened to a CNBC interview with an Illinois politician who happens to be close to President-elect Obama. The interviewer fired what is now an all too typical ally-oop question; why did he think Obama won?
In attempting to get my arms around an 800 billion dollar stimulus package, I find myself running face-first into a wall of skepticism. I must admit that I resent the hyperbolic horse-hockey emanating from every politician inside the beltway.
I have long stipulated that the Federal Reserve is the most powerful economic force in America. I have argued that position because most folks believe (mistakenly in my opinion) that the true power rests in the Executive branch, principally with the President. Now, I am not so certain that those lines are not starting to blur.
