Suzanne Fields : Obama's Bummer of a Summer - Townhall.com
This is everybody's bummer of a season, particularly these rough weeks for Barack Obama. You could call this a summer of discontent, but there's nothing poetic about it. The president warns that the economy will only get considerably worse before it gets better.
"The long-term deficit outlook remains daunting," the White House said Tuesday. Unemployment is expected to surpass 10 percent soon, the deficit to swell to $1.5 trillion, and the gross domestic product to shrink by 2.8 percent this year. We may get an early frost, too.
The stimulus was supposed to make everybody feel a lot better by now. The deficit would be smaller, Wall Street greed would be tamed, and General Motors would be selling cars again without federal subsidies. The health care debate would be over, with legislation signed. But senior Democrats are saying now there will be no health care scheme in place before Christmas, if then, and nobody knows what it would look like, anyway.
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