......be Patience

Is the love affair over??? Click the link for video. One point of interest as you read the first paragraph. Did Obama ever tell the public that "collapse" was even a possiblity? Not even close. But guess what? It's not a matter of "if", it's when.
Obama Urges the Public for Patience
In his weekly radio and Internet address, President Barack Obama urged Americans to have patience in his $787 billion stimulus package, saying that the legislation saved the economy from the brink of collapse and expressing optimism that the economy would start showing tangible signs of improvement toward the end of Summer and into the Fall.
Despite being in the middle of an overseas trip that took him to Russia, Italy and Ghana, the president used nearly all of the almost eight minute address to respond to critics of the stimulus package - on both the left and right - and defend the massive spending bill.
“The recovery act wasn’t designed to restore the economy to full health on its own, but to provide the boost necessary to stop the freefall,” President Obama said. “It was designed to spur demand and get people spending again and cushion those who had borne the brunt of the crisis.”
In recent weeks, critics of the plan have taken note of the poor job numbers released by the U.S. Labor Department and sought to tie those numbers to the stimulus package that the administration claimed would save millions of jobs and keep the unemployment rate below 8 percent. Currently the unemployment rate is at a 26-year high of 9.5 percent and is almost certain to surpass the 10 percent mark by the end of the year.
"Remember the promises? They promised you that if you paid for their stimulus, jobs would be created immediately," House Minority Whip Eric Cantor (R-VA) said in his own weekly radio address. "In fact, they said that unemployment would stay under 8 percent. Yet just months later, they are telling us to brace for unemployment to climb over 10 percent. They promised jobs created. Now they scramble to find a way to play games with government numbers by claiming jobs saved."
Critics on the left have also hammered the president and his administration for what they see as a stimulus package too small to be effective and compromised by the inclusion of billions of dollars in tax cuts at the insistence of Congressional Republicans - a combined three of whom voted for the final version in both the House and Senate. Those on the left have called for the creation of a second stimulus package, however, Obama rejected that notion in his weekly address.
Obama also responded to critics that claim his administration is trying to do too much too soon. He said that his health care, education and environmental reforms were key to putting the economy on more solid ground in the future.
“I am confident that the United States of America will weather this economic storm,” Obama said. “But once we clear away the wreckage, the real question is what we will build in its place. Even as we rescue this economy from a full blown crisis, I have insisted that we must rebuild it better than before.” RED ALERT!!! What is Obama's idea of "better"?
The increased focus on the stimulus act and the domestic economy are a reflection of Obama’s falling poll numbers. While still on decidedly solid ground, polls show public confidence in the administration’s response to the crisis is beginning to wane. A Washington-Post/ABC News poll conducted in late June found that 52 percent of Americans believe the stimulus package will restore the economy, down from 57 percent just two months earlier.
The White House seems very concerned about the diminishing support, especially in politically important states like Ohio. There, the unemployment rate is already over 10 percent. The sorry state of the economy in the Buckeye State has caused Obama’s approval numbers to plummet recently. His approval rating is down to 49 percent in the state, according to Quinnipiac University Poll, down from 62 percent in May. In response, the White House sent Vice President Joe Biden to Cincinnati last week to trump the stimulus plan. The unemployment rate has also surpassed 10 percent in the key electoral states of Indiana, Michigan and Florida.
Even with falling poll numbers in politically important states, 2012 is a long way off and Obama attempted to reset the American people’s focus on the bigger picture.
“The recovery act was not designed to work in four months,” the president said. “It was designed to work over two years. We also knew that it would take some time for the money to get out of the door.”
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Summer Recovery?

Many Left Uncounted in Nation's Official Jobless Rate
Tim Geithner Refuses to Answer Congressman Brad Sherman's Question on Derivatives Bailouts
Baby Boomers to Kids: Kiss the Inheritance Good-bye
Obama Rejects Second Round of Stimulus First infusion"not designed to work in four months...designed to work over two years."
Stocks Slipped 2% Last Week
Christmas Creeps into July at Sears
US Budget Deficit Tops $1 Trillion for First Time
After Losing Homes, Families Move into Tents
Awash With Cash (The Mogambo Guru)
Major Lender Faces Crunch
Study: State Budget Crunches Will Slow Economy
Republicans Unify Against More Stimulus Spending Call $787 billion plan 'flop,' say it hasn't fulfilled its hype
Empty Parking Spaces Sign of Recession
Boston Zoo May Close, Euthanize Animals

Failure is Imminent

Financials Pull Stocks Higher
China Takes Steps to Break Sway of Mighty Greenback - Do you remember when you thought this would never happen?
The Doctrine of Preemptive Bailouts and the Biggest Bailout You Haven't Heard About. "...this is a disturbing new development in our bailout nation since this is one of the first times that the U.S. Treasury will try to preemptively deal with a financial problem."
Geithner Says Global Economy to Suffer Setbacks During "Recovery" - this has plausible deniability written all over it, i.e., "I told you there'd be setbacks."
Debt Deflation: The Reason Why Government Economic Stimulus is Doomed to Fail
Momentum Builds Toward Possible End of Federal Reserve - a day late, and a US dollar short.
The Shamans Economic Solution: Why Failure is Imminent
What's the Real CPI Inflation Rate?
Don't read this unless you are a scholar of one sort or another. All others, your heads will explode. Below is an excerpt.
Boomers: Winter is Coming
Barack Obama became the 1st Generation Xer to be elected President of the United States. His background is a classic Nomad story. He has lived the life of a wanderer, living all over the globe, a child of divorce, fatherless, raised by grandparents, and a free agent in his career. Generation X grew up as abandoned children and alienated young adults. Generation X leaders will be pragmatic, savvy and practical. Obama has proven thus far to be pragmatic and able to get his agenda initiated. Previous Nomad leaders who proved to be highly competent doers during a time of Crisis include Dwight D. Eisenhower, George Patton, and Harry Truman. You may not agree with Obama’s plans or policies, but it is clear to anyone that he is an intelligent, pragmatic man that will institute dramatic change in the policies of the United States.
It is very likely that Barack Obama will lead the country into the next Crisis. He will not lead us out of the Crisis, as it is unlikely to subside until 2025. As the Unraveling transitions into Crisis the apathy reflected in historic low voter turnout will reverse itself as Americans become mobilized by the Crisis. The economy always undergoes wrenching transformations during a Crisis. The U.S. economy will likely be racked by panic, depression, inflation and war. We have witnessed a preliminary financial panic, but the real panic will be much more traumatic. The separateness and blame witnessed during the Unraveling will transform into gathering and family togetherness. McMansions will become useful as three generations will more frequently live under one roof. Immigration will decline as the population will fear outsiders and place strict restrictions on foreigners entering the country. During the coming crisis, our culture will likely be cleansed, censored, and harnessed for the public good. The current ongoing financial debacle will ultimately contribute to the Crisis causing trigger of a worldwide oil shortage.

Unemployment Will Increase

Obama Says Unemployment Will Increase for Months - Changing their tune now aren't they? First it was "I'm going to fix this", now it's more of a play by play.
Brand Name Companies Go Bankrupt
Some Economists Warn Obama's Too Optimistic on Economy
Still Traveling for Business But Carefully
FBI: Bank Robber Cites Economy in Holdup
Strong Results at Intel Pull Stocks Sharply Higher
Despair Flows as Fields Go Dry and Unemployment Rises The San Joaquin Valley is America's fruit and vegetable basket.
Jobless Benefits Run Out in Record Numbers
Washington's Dilemma: This Isn't a Recession, it's a Collapse
California Nightmare (The Mogambo Guru)

Collapse By the Numbers

How's that for sarcasm? This issue is called, "Collapse by the Numbers". Enjoy.
‘We Have to Go Spend Money to Keep From Going Bankrupt’ - that's a quote from Joe Biden.
Foreclosures at record high in first half 2009 despite aid
Port of Long Beach imports down 28.4%
Out Of Work, Out Of benefits, Out Of Luck
Foreclosures rise 15% in the first half of 2009
Dem health RX a Poi$on Pill in NY - Terrifying 57% Tax looms for biggest earners.
Social Security spends $700,000 on Phoenix Conference
Industrial Production down 13.6%
CIT moving toward bankruptcy.
Verleger Sees $20 Oil this Year on ‘Devastating’ Glut "Crude oil will collapse to $20 a barrel this year as the recession takes a deeper toll on fuel demand, according to academic and former U.S. government adviser Philip Verleger."
Food Prices Falling on US Stores - this is only a temporary benefit for people who still have jobs, due to so many people with less money to buy food.
Bankruptcy Filings Up 33% Over Past 12 Months

Washington Post Catches Up W/Us

Financial Crisis Considered Top "Security Threat" to US


Gosh, you don't say!?!! Really?!


QUOTE: "...the most immediate fallout from the worldwide economic decline for the United States will be "allies and friends not being able to fully meet their defense and humanitarian obligations." [Blair] also saw the prospect of possible refugee flows from the Caribbean to the United States and a questioning of American economic and financial leadership in the world. But Blair also raised the specter of the "high levels of violent extremism" in the turmoil of the 1920s and 1930s along with "regime-threatening instability" if the economic crisis persists over a one-to-two-year period."

It's gaining on you

"It's gaining on you."
Stocks Bear Market And Financial Crisis Not Over, US Regional Banks Next To Go
Epidemic of Bankruptcies Symptomatic of the Deflating Bubble
Unemployment Crisis Grips US States "There is general agreement, moreover, that employment levels and conditions of labor will not return to those that prevailed prior to the financial crisis. This is no accident. The ruling elite, led by the Obama administration, has seized on the crisis as a long-awaited chance to restructure class relations to its advantage for decades to come."
US Economy Trending Towards An Inflationary Depression "While simultaneously supporting the Fed's actions, which amount to little more than using chewing gum and bailing wire to keep the money and credit markets from collapsing as it creates and distributes, in arrogant, secretive, crony-capitalist fashion, a gargantuan pile of counterfeit monopoly money in an amount on par with total US GDP for an entire year, you can just sense and feel that there is now a runaway, hyperinflationary freight train rumbling down the tracks at ever greater speed that is soon going to derail and create a train wreck out of our economy."
No "Green Shoots" of Economic Recovery with US Debt at 700% of GDP
China argues to replace US dollar