Video: Presidential leadership failure, then and now

Ed Morrissey HotAir.com 7/30/2011

Americans for Prosperity will spend $1 million to put this 30-second spot on television that contrasts the debt-limit philosophies of Barack Obama and, er … Barack Obama. When Obama was safely ensconced as a backbencher in the US Senate, raising the debt ceiling in 2006 (to $8.95 trillion) was “a sign […]

McConnell: Lawmakers Should be Working On a Solution to This Crisis, Not a Blocking Strategy

RepublicanLeader YouTube 7/29/2011

H/T The Blaze, where Meredith Jessup writes, “Boom. Winning.”

CAJ note: Our readers know there has not been even so much as a budget proposal from the Democratic Senate in 821 days. In May the Senate voted down the President’s only contribution to the debate by a vote of 97-0. This […]

GDP report shows economy even weaker than expected

Philip Klein Washington Examiner 7/29/2011

In another sign of economic weakness, the gross domestic product grew at a lower than expected 1.3 percent during the second quarter, and the already weak first quarter number was revised downward to an anemic 0.4 percent, the Commerce Department reported today.

Economists, who had already been scaling back their […]

French Banks Are Scrambling To Prevent Another Global Collapse

Kerri Shannon Business Insider 6/28/2011

The threat of a Greek default has become so real that French banks, which constitute some of the top Greek debt holders, have intensified their efforts to ease the country’s floundering finances.

French lenders, along with their government, have suggested a debt rollover program, the first private-sector proposal to help […]

Stagflation is here declares CNBC’s Larry Kudlow

Jeff Poor The Daily Caller 4/29/2011

The year was 1978. The Bee Gees were the nation’s top pop group. Bell bottoms were en vogue. And the country was mired in an economic malaise, with so-called stagflation as a symptom.

And although Justin Bieber and hoodies have replaced the trends of the 1970s, the American economy […]

Markets Are Heading Lower, As The Economic Bad News Just Keeps Piling Up

Joe Weisenthal Business Insider 4/28/2011

Things were looking neutral in the early going, but more bad economic data has sent markets lower.

GDP came in at a weak 1.8%, and jobless claims surged to a level above 400K for the third weak in a row.

This is on top of several signs the economy is […]

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