Top Items:
James Pethokoukis:
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.
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Paul Krugman:
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:
Discussion:
Grasping Reality …, TalkLeft, Rortybomb and ThinkProgress
Digby / Hullabaloo:
Bizarroworld economics — So I'm reading this James Pethokoukis blog post at Reuters about Goldman Sachs' grim new outlook on unemployment. This is the wrap up: … So what's the recommendation? … He's also for slashing spending, but the real answer to our prayers is tax cuts. Seriously.
Joe Nocera / New York Times:
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 …
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myfoxny.com:
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.
Discussion:
Don Surber, Alan Colmes' Liberaland, Mediaite and Scared Monkeys
Los Angeles Times:
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 …
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Alexander Bolton / The Hill:
GOP leaders ignore Obama's 36-hour deadline for a debt plan — House Republican leaders have missed a 36-hour deadline President Obama set during a Thursday meeting for lawmakers to give him a plan to avert a national default. — The deadline came and went Saturday morning without a response from House Speaker John Boehner (R-Ohio).
Discussion:
CNN
Alexander Bolton / The Hill:
Reid and McConnell expect to unveil debt-limit ‘Plan B’ next week
Discussion:
The Gateway Pundit
Tom Ricks / Foreign Policy:
Was John F. Kennedy the flat-out absolute worst U.S. president of the 20th century? — As I studied the Vietnam war over the last 14 months, I began to think that John F. Kennedy probably was the worst American president of the previous century. — In retrospect, he spent his 35 months …
Discussion:
The Daily Dish and Outside the Beltway
David Segal / New York Times:
Law School Economics: Ka-Ching! — WITH apologies to show business, there's no business like the business of law school. — The basic rules of a market economy — even golden oldies, like a link between supply and demand — just don't apply. — Legal diplomas have such allure …
Discussion:
Lawyers, Guns & Money and Althouse
Mark Steyn / National Review:
The Great Charade — There is something surreal and unnerving about the so-called “debt ceiling” negotiations staggering on in Washington. In the real world, negotiations on an increase in one's debt limit are conducted between the borrower and the lender.
Don Van Natta Jr / New York Times:
Stain From Tabloids Rubs Off on a Cozy Scotland Yard — LONDON — For nearly four years they lay piled in a Scotland Yard evidence room, six overstuffed plastic bags gathering dust and little else. — Inside was a treasure-trove of evidence: 11,000 pages of handwritten notes listing nearly …
Discussion:
The Moderate Voice, The Reality-Based Community, Gawker, Reuters and msnbc.com, more at Mediagazer »
Tim Cavanaugh / Hit & Run:
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.
Discussion:
Hot Air, L.A. NOW, Power Line and The Informer
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