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Friday, August 19, 2011

Bad News Friday For Barack Obama: Linkfest

Headlines today are enough to make any sitting president want to go hide on an Island somewhere and pray it all just goes away.

The Regional and State Employment and Unemployment Summary from the Depart of Labor, Bureau of Labor Statistics issued it's press release showing that 28 states and the District of Columbia logged increases in their unemployment rates in July, nine decreased and 13 stayed the same.

Democrats, even Democratic Congressmen and women are speaking out against their party leader and president and predicting Obama's road to reelection will be tough. They are losing faith in his abilities, which they seemed surprised about but shouldn't be since they nominated a man with no experience to begin with.

Since Obama took office in 2009 he lost 36 percent in approval points from Hispanics, bringing his number from a high of 85 percent to 49 percent now.

Mortgage rates have hit a 50 year low.

Stock prices plunged in a broad sell-off Thursday.

All three major stock indexes more than wiped out their gains from earlier this week. For the year, the Dow Jones industrial average is down 5 percent, the Standard & Poor’s 500-stock index is down 9 percent and the Nasdaq composite index is down 10 percent.

The sell-off continued in Asian markets Friday. Japan’s blue-chip Nikkei 225 index ended its morning session down 2.15 percent, and stocks dropped sharply in Seoul, Sydney and Hong Kong.

“I think the risk now is that we fall into another recession,” said Patrick Newport, an economist at IHS Global Insight in Lexington, Mass. “I think the risks have just changed very dramatically in the last couple of months. People are spooked.”

Headlines such as "The Obama Collapse Accelerates" from Business Insider explains that the political collapse has reached the Jimmy Carter zone, never something a president wants to see, hear or acknowledge.

All the links above are just one days worth of nightmare news for Barack Obama.

Is it any wonder Obama and family are hightailing it to Martha's Vinyard (the Island he is hiding on this weekend), probably hoping that something extraordinarily big will happen to make all those headlines just go away?

Talk about a bad news day for Obama.