With the Dow back to record highs, James K. Glassman, co-author of the most infamously wrong investment book of all time, 1999's "Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market," has resurfaced to insist that he and Kevin Hassett weren't wrong, just ahead of their time.
In Wednesday's Wall Street Journal, two economists from the American Enterprise Institute refuted the "myth" of the declining middle class, with statistics that show we're better off today than we were in 1950. Just one bit of bad news: They ignored all the bad news.
By some calculations, the Obama plan will help trim future budget gaps. But other figures show it'll only make things worse. The problem is that no one knows for sure right now, and that makes sensible spending choices ever harder to make.