A new report by the Federal Reserve points to "widespread signs of deceleration" in the U.S. economy. No kidding! These signs follow what the Fed calls a "burst" of growth in the last quarter of 2009 and first quarter of 2010 triggered by President Obama's $862 billion stimulus package. Unfortunately, the burst failed to help anybody except special interests like unions and public employees. Note the Fed's evasive word choice: Another word for "decelerating" would be "contracting."