Double threat

You don't need a weatherman to know which way the wind blows, and you don't need an economist to interpret this financial message:

1. Personal income fell 2.3 percent in January.

2. Inflation was "sharper-than-expected" and will spark another interest rate hike.

Details


Of course you can add to this news the dollars continuing slide, a large trade deficit, an expanding budget deficit, and growing anti-American sentiment abroad.

It seems the President's plan to devalue our way to prosperity either needs more time to prove itself effective, or is the opposite of a sound fiscal policy.