Because he was right about the economy, I have given Paul Krugman a pass on his status as an Obama “fan boy”. But this post suggesting that it’s White House aides and not Obama that are the problem, is a bridge too far.

Obama personally selected Joe LIEberman as his “mentor” in the US Senate. Obama personally selected the people around him. Given that they didn’t even let Shirley Sherrod park the car before bombarding her with demands for a resignation, and the many instances of good people being cast aside over trivial matters, Obama knows what the people around him think, and he must approve.

It wasn’t just what Gibbs said, it was the language used: “They will be satisfied when we have Canadian healthcare and we’ve eliminated the Pentagon.” That is wingnut language to describe “liberals”, not Democratic language.

People need to withdraw from the Obama культ личности, cult of personality, and see him as the moderate to conservative Republican that his voting record supports.

Of historic note, Tsar Nikolai knew, and the Kazaks were sent to crush the peasants who approached the palace. That was pretty much what happened to the “Bonus Marchers” during the Hoover administration, only General MacArthur used tanks.

Let’s see, Wall Street dropped about 3% today, along with the major world markets.

The Treasury auctioned $24 billion in 10-year bonds and $73 billion was trying to get in.

Krugman notes that “…the real interest rate on 5-year inflation-protected securities is now negative.” [08/10/10 -0.02%].

With all of the major markets under the thrall of austerians there is no demand because everyone is trying to stuff their money under their mattress.

The world is awash in money with no place for it to go, and this will eventually lead to another bubble.

You can’t have a recovery unless there are jobs, because without jobs there is no demand. Welcome to the painful world of deflation.

Position: 28.3N 87.6W [ 4 PM CDT 2100 UTC].
Movement: Northwest [305°] near 12 mph [19 kph].
Maximum sustained winds: 30 mph [45 kph].
Wind Gusts: 40 mph [ 60 kph].
Minimum central pressure: 1009 mb ↑.

Currently about 105 miles [170 km] East-Southeast of the mouth of the Mississippi River.

A Tropical Storm Warning has been discontinued at 4PM CDT as the storm dissipates. This is the final advisory.

I got some clouds and a very nice breeze.

Here’s the link for NOAA’s latest satellite images.

[For the latest information click on the storm symbol, or go to the CATEGORIES drop-down box below the CALENDAR and select “Hurricanes” for all of the posts related to storms on this site.]