From Richard Russell in Dow Theory Letters:

The average citizen thinks Obama is wasting his time in trying to install a new national health-care plan.

The American attitude to Obama care is that it won't work, it will be expensive, and if the government runs it, it will be a royal pain in the ass. Moreover, what the average citizen is mainly concerned with is -- finding or holding a job.

Last month the economy shed 36,000 jobs, and, ironically, this was widely heralded as "great news." It's like your leg is amputated and the doctor says, "You're a very lucky man, it could have been cancer."

The dismal fact is that it will take eleven million new jobs just to bring the nation back to where it was just before the recession began.

Crux Note: Learn more about the excellent Dow Theory Letters here.

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