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This week, we will look at the latest mostly disappointing economic reports that once again indicate that the economy is losing steam, unfortunately.  Following that, I will dissect Fed Chairman Bernanke's latest speech on what he intends to do to rescue our faltering economic recovery.  And finally, I will pose a few thoughts on whether or not President Obama is planning a "September Surprise" as a last-ditch effort to shift public opinion ahead of the November mid-term elections.

 

But before we get to all of that, we need to revisit my E-Letter of two weeks ago that discussed the significant disparity between the compensation of federal workers versus those in the private sector.  Some readers took exception to the fact that the average federal worker makes twice that of the average private sector employee.  So, I will briefly buttress my assertions two weeks ago, as all of my facts came from a public government report that is published annually. 

 

It should be one of my more interesting letters and, as always, I invite your comments.  Let's get started.