◼ He was a half hour late. His head turned from side to side as if he were attending a tennis match. He practically never looked in the camera, as if he were averting our gaze. And those were the strong parts of President Obama’s disastrous speech.
- Jennifer Rubin at the Washington Post
...It was a bit like a slow-motion car crash. After a while, one stopped listening to the blather and simply watched the stock ticker go down and down. And down some more.
Obama had all weekend and the best he could come up with was a reiteration of his plea for a “balanced” approach to deficit control. That’s right. We have a tumbling stock market, over 9 percent unemployment and a flight to gold (some investment advisers say it will be at $2,500 per ounce by year’s end). All he can do is promise to raise taxes....
◼ The roof crashes in on Obama
- Jennifer Rubin at the Washington Post
President Obama’s approval rating is in free fall. His RealClearPolitics average is below 45 percent. In the most recent CNN poll show him at 54 percent disapproval, tying his all-time high (low?). Sixty percent ( a huge jump from 36 percent in April) believe that “the economy is still in a downturn and conditions are continuing to worsen.” A large plurality (48 percent) think the cuts in the debt-ceiling bill didn’t go far enough.
And all of those numbers were was accumulated before the stock market slid 635 points today. The losses were deep and widespread
◼ A Quick Theory About That Disastrous Obama Speech
- Joe Weisenthal/Business Insider
The verdict is in: That Obama speech (to which he arrived 53 minutes late) was a disaster, that totally failed to reassure anyone that the economy isn't imploding all over again.
◼ Obama’s tantrum against S&amp;amp;amp;amp;P - White House cooks the books to project imaginary growth
- Washington Times EDITORIAL
Standard &amp;amp;amp;amp;amp;amp;amp;amp; Poor’s historic downgrade of the U.S. credit rating is an attempt to bring adult oversight to the political squabbling over out-of-control government spending. But rather than “eating his peas,” President Obama is throwing a tantrum....
The White House’s baloney growth and deficit projections are the type of politically motivated numbers that caused S&amp;amp;amp;amp;amp;amp;amp;amp;P to question the ability of the United States to end its orgy of deficit spending. Rather than waging political war on the ratings agency, the White House should come clean and submit a budget proposal with honest assumptions that better reflect the damage Mr. Obama has wrought on the economy.
◼ Charles Krauthammer
“Look, he is accusing the tea party because it threatened default, for causing this,” Krauthammer said. “He himself said openly he would veto any debt ceiling extension that wasn’t long enough to get him into 2013. He was going to veto it over the length, which incidentally turns out to be, as you point out, irrelevant. He got what he wanted on length and we still got the downgrade.”
...“But here he is accusing others of holding debt as hostage as a bargaining chip when he said he would himself,” Krauthammer continued. “So he’s been completely contradictory. I was sort of stunned by his appearance today. I said, ‘Why did he go out there?’ He went out there with the Dow at minus-400. And after he spoke, it went down minus-600. He looked weak, plaintive and small. I mean weak and plaintive because he comes out there and he blames of course the tea party, Europe, Japan and the Middle East, probably God because he’s the author of earthquakes — everybody except for him.”
◼ MSNBC’s Mike Barnicle: Why Did Obama Give A Speech If He Had ‘Absolutely Nothing To Say’
◼ Fallen off Olympus, Obama stammers
- Charles Hurt-The Washington Times
The most shocking thing about President Obama’s political implosion from bright supernova to deadened black hole has been the complete undoing of his ability to speak.
◼ TRANSCRIPT: Remarks by the President