Below The Beltway

Something tells me that Charles Krauthammer won’t be invited to Wasilla anytime soon:

Krauthammer is, I think, 100% correct, as I observed only days after the 2008 election:
History certainly isn’t on her side. There are no examples in history of a failed Vice-Presidential candidate becoming either their party’s nominee or President of the United States (Walter [...]

Despite some hopes/signs that the economy may be improving, the job market continues to get worse:
The pace of job losses quickened in June after slowing just a month earlier, casting a shadow over the Obama administration’s attempts to stanch months of declines in the labor market.
The American economy shed 467,000 jobs last month, and the [...]

Just over a month ago, it was Chrysler filing for Chapter 11 Bankruptcy protection, today General Motors did the same:
General Motors filed for bankruptcy protection this morning, marking the end of financial independence for the 100-year-old industrial leviathan that once conflated its interests with the country’s and — counting jobs at the company and its [...]

If you’re looking for a reason why President Obama continues to enjoy relatively high approval ratings despite the state of the economy, look no further:
President Obama contends he inherited the nation’s ongoing economic problems and that his actions since taking office are not to blame. Sixty-two percent (62%) of U.S. voters agree with the president [...]

Yesterday it was Chrysler, today General Motors announced that it intends to trim it’s dealer network by nearly 20 percent:
DETROIT — General Motors is telling about 1,100 dealers on Friday that they will lose their franchises by late next year.
Unlike Chrysler, which on Thursday released a list of 789 dealers that it was cutting loose, [...]

It’s going to hurt, but it’s absolutely necessary:
Chrysler said today it wants to shrink its 3,181-dealership network by roughly a quarter.
In court documents filed this morning before U.S. Bankruptcy Court here, Chrysler asked Judge Arthur Gonzalez for approval to reject dealership agreements it has with 789 dealers across the country.
Chrysler said in court documents filed [...]

Apparently, nobody is:

Apologies for the badly mixed audio.
         

The news just keeps getting worse when it comes to the utter fiscal irresponsibility of the Obama Administration:
WASHINGTON (AP) — With the economy performing worse than hoped, revised White House figures point to deepening budget deficits, with the government borrowing almost 50 cents for every dollar it spends this year.
The deficit for the current budget [...]

Today, the Obama Administration released the results of a its weeks-long search for areas where the Federal Budget can be cut.
To say the very least, the results were barely even symbolic:
The Obama administration today unveiled program details of a $3.4 trillion federal budget for the fiscal year beginning in October, a proposal that includes [...]

It turns out that Chrysler has no intention of repaying those government loans it got in December and February:
NEW YORK (CNNMoney.com) — Chrysler LLC will not repay U.S. taxpayers more than $7 billion in bailout money it received earlier this year and as part of its bankruptcy filing.
This revelation was buried within Chrysler’s bankruptcy filings [...]