Monday, January 14, 2008

Jack Welch: Sunny Is As Sunny Does!

This morning on Morning Joe, Mr. Straight From The Gut was asked if America was headed toward a recession.

"No, I don't think so," Welch replied. "The global economy will continue to help us."

Noted: Not an exact quote, transcript is coming.

We can only wonder if by "help us" Mr. Welch is referring to the willingness of the Chinese government (and the Saudis and any number of other world governments) to continue to choke down huge gobs of American debt each and every morning before our financial markets even open for business.

Nobody likes a Chicken Little, and Ron Paul might sleep in a tinfoil hat but David Walker is pretty damn smart.

And he is very concerned about how our financial books are looking right now.

Whether we are technically in a recession or not.