What is Going on?

How about this? Mr. Geithner believes it is too soon to decide on a second stimulus package? It seems to be pretty clear to me that the first two were already a bad idea.

WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner said it was too soon to decide whether the U.S. economy would need the help of a second round of government stimulus to recover from recession.

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President Obama believes we are just not being patient enough? The unemployment rate is what?

WASHINGTON, July 11 (Reuters) - President Barack Obama said on Saturday more time was needed for his $787 billion stimulus package to work, predicting the spending would have a bigger impact on the economy later this year.

In an advanced text of his weekly radio speech, Obama said the stimulus plan approved by Congress and signed into law in mid-February "was not designed to work in four months -- it was designed to work over two years."

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This is an article in TIME Magazine of all places that I found particularly interesting and strongly opposing Obama's bailout programs. I thought this was a great interview.

The Obama Administration should stop bailing out corporate disasters and abandon plans to move health care onto the backs of taxpayers.

Tough talk from Anna Schwartz, a financial sage who has seen it all, having lived through the crash of 1929 and co-authored with Nobel laureate Milton Friedman the highly acclaimed financial bible A Monetary History of the United States (Princeton University Press, 1963).

The financial matriarch has carefully tracked recessions, studied boom-and-bust trends and spent her life — all 93 years — mastering the intricacies of the monetary system and banking world. She's worked as an economist with the National Bureau of Economic Research since 1941 and now serves as an adjunct professor at the Graduate Center of the City University of New York. She recently spoke with TIME contributing editor Janet Morrissey.

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What about Ms Sotomayer's appointment? Although I have no real doubts about the fact that she will be confirmed as our next Supreme Court Justice, I certainly believe she holds racial view points that should never be allowed on the US Supreme Court. It just so happens, however, that anytime the question is raised, the MSM (Main Stream Media) proceeds to dig and dig and just about fabricate stuff in order to try to tear the opposition to shreds. Hence this article from FOX News;

New Haven firefighter Frank Ricci, whose reverse discrimination claim is at the center of Supreme Court nominee Sonia Sotomayor's most controversial ruling, now finds himself in the cross hairs of the judge's supporters.

Sotomayor's backers are urging reporters to probe what one called the "troubled and litigious work history" of Ricci, according to McClatchy Newspapers.

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Most of this you will find just a little bit nuts. It has been a crazy few weeks overall. Why don't we take a quick look at the rasmussen polls and see what the people are thinking. We will look a lot more at statistics over the next few weeks, but for now, suffice it to say that the presidential poll index finally shows Obama making a sharp downturn. I was beginning to lose my faith in people, for Pete's sake. Take a look for yourself, the Presidential Poll index shows him at a -7 as of yesterday.

The Rasmussen Reports daily Presidential Tracking Poll for Saturday shows that 30% of the nation's voters now Strongly Approve of the way that Barack Obama is performing his role as President. Thirty-seven percent (37%) Strongly Disapprove giving Obama a Presidential Approval Index rating of –7 (see trends).

View entire article and trends here