Unfounded Optimism, Or Is It, Or Maybe Not

Ask 10 different people for their opinion on the economy and you will get 10 different answers.

That's the beauty of democracy. We are entitled to our outspoken opinions no matter how little we actually know. Damnit.

Obama and Biden are now out there pumping it.

But it might not be that good.

McClatchy: Despite Obama's optimism, economic outlook remains grim

...unemployment is expected to peak at 10.5 percent in the second half of next year. Last month's rate was 8.9 percent, up from 8.1 percent in February, when the stimulus became law. The number of unemployed increased by 1.26 million during the past two months to 13.7 million.."

Independent economic analysts largely expected the initially slow pace of spending, as much of the money so far has gone for tax breaks, health care and other immediate needs.