Former New York Governor Rudy Guiliani once said, "You campaign in poetry and govern in prose". Barack Hussein Obama did the former in mellifluous style, and now has a fromidable set of governance (mainly economic) challenges to surmount! An epic in prose is the need of the hour!
Bad news continues to mount - sales declined by double digit among all categories of retailers, markets continue their free fall, auto sales plummet, rising unemployment, and hospitals see fewer paying patients. All these dismal news topped with this and this!
Update 1
More from Greg Mankiw, Alan Blinder, Robert Shiller, Ben Stein, Robert Frank, Tyler Cowen, and Peter Bernstein.
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