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Tonight Obama Takes Credit For The Surge’s Success In Iraq, Despite Initially Opposing The Strategy

AS SENATOR, OBAMA BLASTED GEN. PETRAEUS’ IRAQ SURGE STRATEGY

Sen. Barack Obama (D-IL): “I Am Not Persuaded That 20,000 Additional Troops In Iraq Is Going To Solve The Sectarian Violence There. In Fact, I Think It Will Do The Reverse.” (MSNBC’s “Response To The President’s Speech On Iraq,” 1/10/07) (more…)

Economic Woes Continued While The Clark Griswold Presidency Took Another Break At Martha’s Vineyard

THE “FIRST GOLFER’S” VACATION FROM REALITY

CBS News’ Mark Knoller: “Vacation Stats So Far For Pres Obama’s Vacation: 5 Rounds Of Golf: 81 Holes, 21hrs 27mins…”  (Mark Knoller, Twitter, 8/28/10) (more…)

TODAY’S GDP REVISION MAKES CLEAR OBAMA’S “ECONOMY BARELY HAS A PULSE”

The Associated Press: “The Government Is About To Confirm What Many People Have Felt For Some Time: The Economy Barely Has A Pulse.” (Christopher S. Rugaber, “Snapshot Of Economy About To Get A Lot Bleaker,” The Associated Press, 8/27/10) (more…)

After A Week On The Caviar Trail, Obama Heads To Martha’s Vineyard For Some R&R

“The Obamas Will Start Their Main Summer Vacation On August 19 When They Go To Martha’s Vineyard In Massachusetts, An Elite Island Retreat, For 10 Days.” (Kenneth Walsh, “Critics Hit Obama’s Martha;s Vineyard Vacation,” US News And World Report, 8/12/10) (more…)

While Doing Nothing To Help The Rest Of The State, Obama Is Determined To Save At Least One Ohio Job - Ted Strickland’s

“Obama Plans To Deliver A Speech On The Economy In Columbus On August 18, Followed By A Fundraiser For Strickland And The Ohio Democratic Party.”  (”Obama To Campaign For Strickland In Ohio,” CNN Ticker, 7/27/10) (more…)

After A Brief Stop In Ohio, Obama Heads To Miami To Try To Help Sort Out Dems’ Senate Mess

“President Barack Obama Is Slated To Headline A Fundraiser For The Florida Democratic Party. … The News Of Obama’s Trip Will Escalate Speculation Over What The President Will Or Will Not Do On Behalf Of Democratic Rep. Kendrick Meek, Who Is Struggling For Traction In The U.S. Senate Race.” (Beth Reinhard, “Obama Coming To Miami For Fundraiser,” The Miami Herald’s Naked Politics Blog, 7/29/10) (more…)

“The Obama Economic Recovery
Continues To Lumber Forward With All The Momentum Of A Blind, Three-Legged
Elephant.”(Editorial, “The
Obama Recovery,” Las
Vegas Review-Journal, 8/8/10)

MORE
NEGATIVE ECONOMIC DATA CAME OUT FRIDAY

“Americans Spent Less At Most Retail Stores In July
And Inflation Remained Tame As High Unemployment And Weak Job Growth Fueled
Fears Of A Slowing Economic Recovery.” (Michael
Crutsinger, “Auto Sales Boost Otherwise Weak Retail Sector,” The
Associated Press, 8/13/10)

Declines For Most Retailers Indicate That The “The
Recovery Is Losing Momentum.” “But overall, the
declines for most retailers in July suggest the recovery is losing momentum.
‘There is only one thing that’s for sure - economic momentum has slowed,’
said Jennifer Lee, senior economist for BMO Capital Markets.” (Martin
Crutsinger And Christopher S. Rugaber, “Retail Sales Post July Gain,
Consumer Prices Rise,” The
Associated Press, 8/13/10)

The Gains In Consumer Sentiment “Was Too Small To
Represent A Meaningful Improvement.” “The
sentiment index is just several points above where it was a year ago, with
worries about prospects for job growth and income hanging over
sentiment.  ‘The gain was too small to represent a meaningful
improvement,’ Richard Curtin, director of the surveys, said in a statement.
‘Consumers have increasingly come to expect lackluster income and job growth
for an extended period of time.’” (”US Consumer
Sentiment Edges Up In Early Aug-Survey,” Reuters,
8/13/10)

A Majority Of Those Surveyed Did Not Think The Overall
Economy Would Change in the Next Year. “‘While
consumers increasingly believed the worst of the downturn was over..the
majority expected that overall economic conditions would remain largely
unchanged during the year ahead,’ Curtin said.” (”US Consumer
Sentiment Edges Up In Early Aug-Survey,” Reuters,
8/13/10)

THE
OUTLOOK FOR THE ECONOMY CONTINUES TO BE BLEAK

53 Surveyed
Economists “Offered A Bleak Picture Of Tepid Growth And High
Unemployment.” “The 53 surveyed economists, not all of whom answered every
question, offered a bleak picture of tepid growth and high unemployment. On
average, they still don’t see the unemployment rate dropping below 9% through
at least June 2011. They expect the economy to add just 136,000 jobs a month
over the next 12 months, down from a forecast of 157,000 in the July survey.
At that rate, job creation will barely keep up with new entrants to the labor
force.”  (Phil
Izzo, “Economists Want Policy Makers To Back Off Now,” The
Wall Street Journal, 8/13/10)

“‘If Claims
Remain At Their Current Level, Then Even The Modest Recent Gains In Private
Payrolls Will Not Be Sustained,’ Said Ian Shepherdson Of High Frequency
Economics.”
(Phil Izzo, “Economists Want Policy Makers To Back Off Now,” The
Wall Street Journal, 8/13/10)

“When Asked
About The Biggest Risk Facing The Economy, ‘Too Few Jobs, Too Little Wage
Income And Too Little Consumer Spending’ Was The Most Popular Choice.” (Phil Izzo, “Economists Want
Policy Makers To Back Off Now,” The
Wall Street Journal, 8/13/10)

“The Economy
Needs Government To Get Out Of The Way,” Said Stephen Stanley Of
Pierpont Securities. (Phil Izzo, “Economists Want
Policy Makers To Back Off Now,” The
Wall Street Journal, 8/13/10)

“Private Companies Have All But Frozen Their
Hiring.” At the beginning of the year, it looked
like that missed projection wouldn’t matter much politically as job growth
seemed to be picking up. But private companies have all but frozen their
hiring again, making a presidential explanation an imperative.” (Michael
D. Shear, “What Chilled The U.S. Economy? An Ill ‘Headwind’ From Europe Says Obama,” The
Washington Post, 8/13/10)

Companies May Find
The Right Person To Hire, But Are Holding Off Hiring Until The Future Is More
Certain. “Another part of the
problem, said Jeff Joerres, chief executive of staffing firm Manpower, could
be companies’ renewed uncertainty about the economic outlook. ‘It’s not
uncommon for us to get the right person for the job and the companies still
drag their feet for a month or more, just to try to get better visibility for
the future and to save another month of expense,’ he said.” (Mark Whitehouse, “Employers
Moving Slowly To Fill Jobs,” The Wall Street Journal, 8/11/10)

New
York Times Editorial
Board Says “The Odds Of Renewed Recession Remain Uncomfortably
High.” “The economic news — on
growth, consumers, housing and manufacturing — was bad enough before the
jobs report for July, released last Friday. The report leaves no doubt that a
slowdown is well under way. The odds of renewed recession remain
uncomfortably high.”  (Editorial, “As The Economy Slows,” The New York Times, 8/8/10)

SMALL
BUSINESSES AND EVEN DEMOCRAT LEADER

EXPRESSING
FRUSTRATION WITH OBAMA’S ECONOMIC POLICIES

Small Business & Entrepreneurship Council Calls Obama’s
Economic Policies “Misguided” And Say They Are Preventing
Businesses From Hiring. “Misguided economic policies
advocated by the Obama administration and congressional Democrats have
increased taxes on companies and are taking a major toll on hiring decisions
by business leaders, claims Small Business & Entrepreneurship (SBE)
Council president and CEO Karen Kerrigan.” (Jay
Heflin, “Small Business Group Blames Democrats For Prolonged
Downturn,” The
Hill, 8/12/10)

“Democratic U.S. Rep. John Yarmuth Lashed Out At
President Barack Obama’s Economic Team Thursday, Saying They Show More
Concern For Wall Street Than Average Americans In A Blunt Election-Year
Assessment From An Obama Loyalist Frustrated By A Tepid Economic
Recovery.” (Bruce
Schreiner, “Dem Yarmuth Critical Of White House Economic Team,” Associated
Press, 8/12/10)

Rep. John Yarmuth (D-KY) Says The White House Is More
Concerned About Goldman Sachs Making Money Than The American People. “I’m not
real happy with our economic team in the White House. . . They think it’s
more important that Goldman Sachs make money than that you make money. And
that’s where we’ve got to change the attitude of this country. . . I think we
have an opportunity to really regain the confidence of the American people if
we show here’s where we’re going to go and why. . . I don’t think the
administration’s done that yet.” (Bruce
Schreiner, “Dem Yarmuth Critical Of White House Economic Team,” Associated
Press, 8/12/10)

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Democrats Have Repeatedly Shown They’re Not Serious About Reforming Fannie And Freddie

“The Obama Administration Plans An Aug. 17 Conference To Discuss Ways To Fix The Country’s ‘Broken’ Housing-Finance System…” (Ian Katz, “Obama To Hold Aug. 17 Housing Conference On Ways To Repair Fannie, Freddie,” (more…)

While Most Dems Flee From Obama And Party Leaders, Chet Culver Is Embracing Their Unpopular Agenda

“Chairman Kaine Will Be In Des Moines On Tuesday, August 17th For The State Fair And Other Events In The Area.” (”Iowa Democratic Party: DNC Chairman Kaine To Visit Iowa In August,” IowaPolitics.com, 8/2/10) (more…)