Ron Paul may have snuck into the Peter G. Peterson Foundation and slipped on a Bill Clinton mask in the style of Mission Impossible for about 3 seconds.

“We see ourselves, all of us here, as the Northern front of a Latin American revolutionary movement. There are more than 40 million of our people north of the Rio Grande. That means to them that’s 40 million potential revolutionaries north of the border inside the bell…

The Labor department reports that our official unemployment rate has risen to 9.9% and the official “underemployment” rate is now at 17.1%. Not to worry though, because according to some, this is a very positive sign of recovery.

When panic grips the trading floor, things can get really ugly, really fast.

Since we really don’t know what happened here, we’d caution those holding stock positions to set tight stops in case this wasn’t an accident.

If Mr. Madsen’s assessment of the BP oil spill, the government’s response and motivations, and the oil spills economic effects are even remotely accurate, then we have a very serious problem developing.

Regardless of how the media and our public officials spin it, there can be no jobless recovery, because without jobs (production), there can be no spending (consumption). Monopoly money from the Federal Reserve can only go so far.