1. Economy Stupid or Stupid Economy
You may have read that I heart business.
Here's a government thing I like: www.recovery.gov
This is a website that tries to detail the spending from President Obama's $787B stimulus bill.

The most interesting stat is how little money has been spent so far. Of the $787B total, only about $170B has been spent or roughly 20%. Bet your ass that most of the remaining 80% will be spent during the election year with mucho fanfare about government largess.

It's also interesting that Congress refuses to provide a similar facility for the health care bill. Even a 72 hour peek has been voted down.

QOTD
"We are moving in the right direction"
- President Obama, Oct 14 2009 (source)
The stock market agrees with President Obama, clearly. I think recovery is the most likely outcome, at least some form of recovery. The investing answer, IMHO, is to ride the wave with tight stops if things turn bad.

The interesting question comes, however, if we are not heading in the right direction. Dial ahead 12 months to Oct 2010... if unemployment is still around 10% in a year and the Dow is lingering at or below 10,000... will America hold President Obama and/or the dem Congress accountable for the situation?

You would think so, but who knows these days.

2. Book Review
Book: "Await Your Reply" by Dan Chaon
Review: 2 bill-stars (out of 5)... meh.

It was close, but I can't recommend it.
It's a plot book with the snarky plot twists and the 2-D characters.
If you like the snarkiness, it's OK. It wasn't worth it for me.

Onward and upward.
yow, bill

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