Archive | August, 2011
Gallup: Economic Confidence Plunges to Two-Year Low
American confidence in the nation’s economy has plunged to a two-year low, according to a new poll from Gallup. President Barack “Downgrade” Obama has seen his own approval fall three percentage points overnight. Americans’ economic confidence plunged to -53 in the week ending Aug. 7, a level not seen since the recession days of March [...]
President Downgrade Cancels Public Schedule
9. August 2011
Interesting. President Downgrade canceled not only his planned appearance at a moving company today but also the daily White House press briefing. Instead of traveling to Springfield, Va.-based Interstate Moving Services and making public remarks on fuel efficiency standards for work trucks, Mr. Obama will meet privately with industry officials at the White House this [...]
New Pawlenty Ad Hits Obama Hard on Economy
9. August 2011
Say what you want about Team Pawlenty, but anyone has to admit that they know how to throw together a powerful ad. Note that one of the facts cited — the 634-point drop on the Dow — happened just yesterday. So at least part of this was composed from 4pm last night until midnight. Note [...]
Wisconsin Republicans: Vote Today
9. August 2011
A quick reminder to Republican and conservative/libertarian-minded voters in Wisconsin: Today are the recall elections. The far-left will attempt to unseat members of the state senate who voted to curb the power of union bosses and restore sanity to Wisconsin’s public sector. Conservatives, libertarians, and right-minded Independents must counter these juvenile efforts to undo the [...]
UK Manufacturing Falls Unexpectedly
9. August 2011
Manufacturing in the United Kingdom fell by .4% during the month of June, shocking markets already stumbling from bad global economic data and downgrade developments. Economists had expected growth in the sector. Alan Clarke, chief UK economist at Scotia Capital, said: “At the start of the year, two areas of the economy were identified as [...]
First Person Killed in London Riots
9. August 2011
The London riots have claimed their first victim: A 26-year-old man shot in his vehicle, Reuters reports. How the man was shot hasn’t been reported. The riots were supposedly sparked by the killing of a man by police, but they quickly evolved into anarchy as countless young, opportunistic rioters looted private property and attacked bystanders. [...]
Obama’s Lamest Line on the Economy
9. August 2011
I didn’t watch his speech yesterday. I was too busy watching the markets tank as he talked. And no wonder. This may be the lamest line of Barack Obama’s entire presidency: No matter what some agency may say, we’ve always been and always will be a AAA country. Huh? That’s like saying that no matter [...]
Gallup: Majority Say Obama Doesn’t Deserve Reelection
9. August 2011
A majority of Americans now say Barack Obama — or President Downgrade if you will — doesn’t deserve another four years in office, according to a new Gallup/USA Today poll. Fifty-one percent say he should be handed a pink slip in 2012. Just 47% would want him to stay on. And this is a poll [...]
Fannie Mae, Freddie Mac Downgraded; Bank of America Stock Falls
8. August 2011
Standard and Poor’s has just announced its downgrading of Fannie Mae and Freddie Mac — the latest fallout from Friday’s national credit downgrade. Bank of America stock is down 9.42% on the session. The Dow Jones is trading down nearly 300 points. S&P 500 down 3.14%. Nasdaq is down 3.34%. Gold is trading at $1,703 [...]
President Downgrade Golfs After Historic Credit Downgrade
8. August 2011
What did the president of the United States do after learning a major credit ratings agency had, for the first time in our history, lowered our credit rating? Did he address the American people to reassure them of our fiscal standing? Did he call Congress back into session to address the problem? Did he reassure [...]
9. August 2011
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