Friday, August 19, 2011

OBUMMER SUMMER


THOUSANDS LINE UP FOR JOBS - ABC (photo source)
U.S. Stocks Sink as Treasury Yields Fall - Bloomberg
DOW down another 419.63 - WSJ
JOBLESS CLAIMS UP - Bloomberg
GOLD BOLTS ABOVE $1,800 - CNN Money
GALLUP: Americans satisfied with 'the way things are going' -- 11%!
MORGAN STANLEY: US, EU 'DANGEROUSLY CLOSE TO RECESSION' - CNBC - all via Drudge

Obama Skips a Jobs Opportunity and Goes on Vacation - US News & World Report

Last night on the nightly news, heart-breaking pictures of the Atlanta job fair sponsored by the Congressional Black Caucus showed long lines of thousands of job seekers standing for hours in the heat, eager for a small chance at landing a paycheck, any paycheck. That video was followed immediately by shots of the president arriving on Martha's Vineyard for vacation yesterday afternoon. White House correspondents along for the ride reported from the scene with a harbor full of moored yachts bobbing in the background. Pretty much a PR nightmare.... Going to the beautiful, secluded, wealthy island was the political equivalent of saying "let them eat cake," or in this case, lobster.