As the economy goes down the drain, those who want to believe that America's problems are temporary face an unsolvable dilemma: how do you spin this ongoing disaster in such a way as to maintain your delusions about the future greatness of the United States? The latest jobs report was a case in point—"ugly" was
the preferred word for describing it. John Mauldin is one of those who will grasp at any straw to remain hopeful about the future. I'll quote from his latest newsletter
What Happened To The Jobs?
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