Obama venue like Obama speech - over-promise, under-deliver

Empty chair, meet empty stadium.

Call him president downgrade.  Obama promised everything in 2008.  I think I recall him saying we'd have solar-powered flying cars by the end of his first term in office. I don't have one. Maybe he didn't promise that one.  He did promise oceans would stop rising and crazy numbers of jobs would be created and the deficit would be cut in half and he'd end the war, and scads of other stuff. Come to think of it, the one thing he didn't promise as far as I recall, was to capture or kill Osama Bin Laden.  But I digress.  The point is president Obama has under-delivered on his vast list of promises.

So why should his 2012 convention speech be anything but more over-promising?  That's something for voters to bear in mind while listening to it.

Why Today's Dow Jones Recovery ISN'T Rainbows & Unicorns

The Dow Jones (DJIA) rebounded by over 400 points today after yesterday's Monday reaction to the Friday downgrading of the U.S. government's credit rating.  The market rebound is being attributed to the Fed's comments today that the interest rates will not change for the next two years.  Good news if you believe it.

Timothy Geithner, you are WRONG!

Huh?

Three times Timothy Geithner strays from fact into propaganda in his attempt at lambasting Standard and Poors on their downgrade of the United States' AAA credit rating.  Of course it's no surprise that Geithner got his talking points wrong.  He was wrong on the Keynesian solution to the recession, he was wrong on his assertion that there would be no downgrade and he looks bad for both.  Of course he's angry and not responding rationally, but that doesn't excuse his 'wrongness'.

Obama's trickle-down misery

Not wrong.

In an embarrassing turn of events, with the first time in history America's credit rating being down-graded from AAA to AA+, the added humiliation came with China scolding America on it's addiction to debt.

State news agency Xinhua said unless the US cut its "gigantic military expenditure and bloated welfare costs," another downgrade would be inevitable. 

But other countries, such as Australia, France and Japan, said they retained their faith in US bonds.

The downgrade ended a week of growing uncertainty for the world economy.

Fears that the US might be headed for a double-dip recession and the eurozone's debt problems were set to spread to Italy and Spain saw stock market sell-offs around the world.

The downgrade is a major embarrassment for the administration of President Barack Obama and could raise the cost of US government borrowing.

This in turn could trickle down to higher interest rates for local governments and individuals.

Could?  How about will?