Panic at the White House?  Gloomy Goldman Sachs sees high unemployment, possible recession  —  Last night in a new report, Democrat-friendly Goldman Sachs dropped an economic bomb on President Obama's chances for reelection (bold is mine): … Alarms bells must be ringing all over Obamaland today.

The Political Economy of the Lesser Depression  —  Everyone in the forecasting business is scrambling to mark down both their estimates of second-quarter growth and their forecasts for later in the year.  Goldman Sachs (no link) was pretty optimistic a few months ago; now they've grown quite pessimistic:

The Journal Becomes Fox-ified  —  It's official.  The Wall Street Journal has been Fox-ified.  —  It took Rupert Murdoch only three and a half years to get there, starting with the moment he acquired the paper from the dysfunctional Bancroft family in December 2007, a purchase that was completed …

House Republicans brace for compromise on debt  —  GOP leaders turn to their most trusted budget expert, Rep. Paul D. Ryan (R-Wis.), to explain to the rank and file what could happen if Congress fails to raise the debt ceiling.  —  Reporting from Washington— Republican leaders in the House …

Obama Eliminates Warren as Consumer Head  —  President Barack Obama has chosen a candidate other than Elizabeth Warren as director of the new Consumer Financial Protection Bureau, according to a person briefed on the matter.  —  The president's choice is a person who already works at the consumer agency, the person said today.

Woman Gropes TSA Agent's Breast at Security Checkpoint  —  PHOENIX - We hear a lot of complaints about security screeners groping airline passengers.  —  But now, a Colorado woman is accused of putting her hands on a TSA agent at Sky Harbor International Airport in Phoenix.

Michele Bachmann leaves church accused of anti-Catholic bias  —  Taking a page from President Obama's political playbook, Michele Bachmann has formally left a church in Minnesota accused of holding anti-Catholic views.  —  According to CNN, the church that Michele Bachmann and her husband Marcus …

Rupert Murdoch went too far  —  One of the few views Rupert Murdoch and I share is the importance of a free press.  —  I'm sure we would both agree that it is an unimpeachable right, especially in a day and age when few pure freedoms still exist in this country.

Elizabeth Warren: Government Hasn't Sufficiently Probed Foreclosure Abuses (VIDEO) … WASHINGTON — A top Obama administration official on Thursday questioned the scope of the state and federal investigations into alleged mortgage abuses and “illegal” foreclosures perpetrated …

Carmageddon Shaping Up as Big Nothing  —  Rush hour traffic was light in Los Angeles Friday, in the final hours before closure of Interstate 405 for a few miles brought on a steel-and-rubber stampede of rich drivers that experts claim will destroy all intelligent life in California.