We are now in the fifth month of Barack Obama’s third year in office. Unemployment is at 9.0 percent. We’re about 7 million jobs short of where things stood when Obama took office. Economic growth in the first quarter was 1.8 percent. Housing prices have fallen for 57 consecutive months. Only one in three Americans approve of the way Obama is handling the economy, the lowest point since he took office, and nearly eight in 10 American are less optimistic about the economy than they were a few months ago.
David Axelrod is anxious, and he’s right to be. His friend, the president, is caught in a political tractor beam from which few, if any, public officials escape.In Chicago, where the president's re-election campaign is headquartered again, housing prices dropped like a stone.
Another report released Tuesday came from CoreLogic, a housing market data provider. CoreLogic said that Illinois was one of the five states with the greatest year-over year price depreciation of all properties in March, with prices down 10.6 percent from a year ago. Illinois' price decline was matched by Florida's, and the only states with worse results were Idaho, Arizona and Michigan.You can't beam us up out of this.
HT P&P on the pix.
P.S. Blago's 'spidey sense' tingling?
P.P.S. In contrast, the Outsiders:) We know what you're about -- and it's not about America.
One more: Spider-Man Said to be Leaving Spider-Man A parody of the NY Times, via TWS.