A backdrop to the president's remarks*Reaction: Disaster

Keep this in mind as he steps to the ONero podium once again.

And bless, bless our troops

More. Some background on S&P and the ratings politics, notwithstanding underestimating the market reaction to Obummer's crippling policies and anti-jobs' attitude:  Rasmussen: 29% Say Tea Party Members Are Terrorists, 55% Disagree In separate polling:

Just 34% of all voters in separate polling favored tax hikes as part of the deal to raise the debt ceiling. Fifty-five percent (55%) opposed including tax increases of any kind in the deal.

WSJ: America Gets Downgraded A spend and tax policy mix always leads to economic decline. 
Crippling policies, governing by fiat, an end-run around the American people. And the alternative.

UPDATE. Market tanks more on Obama same old same old higher taxes, higher spending

backyardconserv Anne Leary

O still wnts highr taxes.Tax success,get less.NOWAY does this grow the economy.W/out entitlement reform--tax more is down the biggov rathole

5 minutes ago

JimPethokoukis James Pethokoukis

RT @ZekeJMiller: S&P 500 down 6.68%

1 minute ago

KLSouth Kelly

MT @jerieblack: Two of the SEALs from my hometown...Obama: 'one last thing...?' ONE LAST THING. there are 40 kids w/o Daddys today!

4 minutes ago