ALL EYES ON CONGRESS AND THE PRESIDENT
Quarter Ending June 30, 2011
Investors have seen their eyes cross, as congress dithers over an increase in the debt ceiling. Both sizes dig in and positions harden. The Tea party is particularly intransigent, and Republicans are having a hard time delivering a untied position let alone votes. Liberal Democrats are unhappy with President Obama as he tries to adopt a centrist position in anticipation of the upcoming Presidential elections. Sclerosis of the political process makes a deal more and more in doubt.