Business Week magazine this week claims to be optimistic about the economy. Here is the lead paragraph from the Editor's Memo.
"It's a tough time to be an optimist. Unemployment is a scourge, sapping the public's spirit and creating hardship for millions. Many key Presidential initiatives have sunk into the mire that passes for the legislative process and will emerge, if at all, muddied beyond recognition. The stimulus is trickling our inefficiently, elements of the financial industry resorting to their old, risky ways, and the huge cost of the current and proposed programs--from the auto bailout to cap-and-trade and health-care reform (not mention two wars)--threatens to produce unprecedented deficits."
This guy agrees with everything we have been saying here, and he comes out an optimist!!