The Worst is Ahead of Us

The news that the jobless rate in this country has gone from 9.5 percent in June to 9.4 percent last month has led President Obama to declare that his policies have “saved the U.S. economy from catastrophe” and have led to another rally in the stock market.  While I wish I could agree with the President – I really do wish that – I cannot do so, and I must say, “Not so fast, Mr. Obama.”