Man bites dog
The NYT notices the economy:
With unemployment already at 9.5 percent and likely to exceed 10 percent, much higher than White House officials predicted back in February, Mr. Obama has been facing attacks that his $787 billion stimulus program was either too timid or wrong-headed or both. Now, just five months after Congress agreed on the plan, with only a fraction of the money actually out the door, Washington is debating the need for a second round of stimulus amid economic and political crosscurrents.
In Ohio, where unemployment is above 10 percent and where Vice President Joseph R. Biden Jr. will visit on Thursday, Mr. Obama’s popularity has dropped sharply. In a poll by Quinnipiac University earlier this week, 48 percent of respondents said they disapproved of Mr. Obama’s handling of the economy, while 46 percent approved, down 11 percentage points since May.
This is an odd slant on events for the Times. Perhaps it’s meant as a warning of sorts.

July 10th, 2009 at 3:57 pm
Roubini/Shiller say 11% into 2011. Commodities, maybe, to fizzle.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aERlD846h2XY
http://www.forbes.com/2009/07/08/jobs-report-mortgages-unemployment-recession-opinions-columnists-nouriel-roubini.html
July 10th, 2009 at 5:17 pm
Time will morph into a comic book if it doesn’t report reality, regardless of the spin they put on it. Many places wish they had only ten percent unemployed. Do you suppose people have turned off American Idol long enough to realize that this crew is flying us ito the ground?
July 10th, 2009 at 5:25 pm
no doubt the 46% approvers of Obama include most of those who lost their jobs. Those will for a large part blame their problems on “Bush” and “Big Industry” rather than on their messiah, The One, who after all preaches “Hope and Change”.