On Monday, the House finally passed a deal to raise the debt limit after weeks of wrangling with a cadre of reactionary, Tea Party-endorsed lawmakers. The measure, which will force some serious cuts to public spending, is expected to easily pass in the Senate. When it does, a painful second "dip" into recession becomes far more likely -- all the conditions are there.
Last week, a depressing report on economic growth caught many observers by surprise. The take-away was that gross domestic product (GDP) – the measure of economic activity within our borders – has been growing at a snail's pace in the first half of this year -- far slower than analysts had predicted. Researchers at the Federal Reserve tell us that since 1947, about half of the times we've had six months of growth as weak as we've seen in 2011, the economy sank into recession in the following year.
Political Glance
Americans for Prosperity is sending absentee ballots to Democrats in at least two Wisconsin state Senate recall districts with instructions to return the paperwork after the election date. The fliers, obtained by POLITICO, ask solidly Democratic voters to return ballots for the Aug. 9 election to the city clerk "before Aug. 11."
Globalist warmongering degenerate Anne-Marie Slaughter makes her rounds at the Fortune 500-funded Chatham House. She is the author of the book "A New World Order" and believes foreign policy should be shifted into the unelected, unaccountable hands of corporations, foundations, and NGOs.
The New Republic yesterday published a lengthy piece by Washington Times reporter Eli Lake highlighting how the “Republican foreign policy consensus has collapsed” and that the GOP contenders for the 2012 presidential nomination are, as the article’s title says, “all over the map.”
A federal judge, responding to an appeal from historians, has ordered the release of the transcript of Richard Nixon's secret testimony to a grand jury investigating tthe Watergate break-in.
Voters have spoken out against recall efforts of Green Bay Democratic Senator Dave Hansen. With 65% of the preliminary voting results in, Hansen is expected to win the recall election with more than two-thirds of the vote against Republican David VanderLeest.
The Minnesota Republican frequently suffers from stress-induced medical episodes that she has characterized as severe headaches. These episodes, say witnesses, occur once a week on average and can “incapacitate” her for days at time.





























