Wednesday, October 28, 2009

Wall St.'s Months of Joy Not Felt On Main St.

scroll down for the commodities charts

Wall St. Journal (posted online Tuesday evening):

Americans are growing increasingly pessimistic about the economy after a mild upswing of attitudes in September. But Republicans haven't been able to profit politically from the economic gloom, according to a new Wall Street Journal/NBC News poll.

The survey found a country in a decidedly negative mood, nearly a year after the election of President Barack Obama. For the first time during the Obama presidency, a majority of Americans sees the country as being on the wrong track.

The reason that politicians of all stripes are currently so reviled is because of their inability to get anything done, along with an attitude down in Washington that can best be summed up by a Groucho Marx skit that's almost 80 years old -- but is simply spot-on.

The bloom's off the rose, methinks.