Posted on 08/27/2010 7:48:03 AM PDT by Qbert
President Obamas golf-filled vacation in Marthas Vineyard neared its close on Friday with more bad news on the economic front, as the Commerce Departments Bureau of Economic Analysts revised downward 2nd quarter economic growth of the real gross domestic product, indicating the output of goods and services produced by labor and property in the US grew by an anemic 1.6%, rather than the original estimate of 2.4%.
The announcement came the same week as staggeringly bad news on the housing front with plummeting home sales and reports that the four-week moving average of weekly jobless claims is at its highest level since last November. The bad news renewed fears of a double-dip recession.
President Obama was largely invisible to the public, taking in 10 days of R&R in the posh Chilmark section of Marthas Vineyard. When he re-emerges to the public on Sunday, he will be kicking off a series of high profile events that have little to do with the issue foremost on Americans minds: jobs. On Sunday the president will travel to New Orleans to commemorate the 5th anniversary of Hurricane Katrina. On Tuesday he will deliver only his second Oval Office address, discussing the withdrawal of US combat troops from Iraq. On Wednesday and Thursday, he and his administration will focus on kick-starting peace talks between the Israelis and Palestinians.
We know he needs to be out there to talk about the economy next week, a White House official told ABC News. We havent yet figured out the way hes going to do that.
(Excerpt) Read more at blogs.abcnews.com ...
The Republicans better hope so every time he appears his approval ratings go down a point - but don't tell the White House also Joe Biden is doing such agreat job already.
And, who cares about “talk”?? Show me the plan - dammit!
That’s my biggest fear. I will have worked my entire life and when I hit 65, there will be no more money for the blue pill.
“C’mon guys, I’m buying shrimp.”
How ‘bout this:
I screwed the pooch. I resign, effective immedately.
Other than that, there is nothing to say.
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