ConservativeINC

3.3% isn’t bad for a developed country. Not bad at all actually. But forecasts predict some more rough patches ahead.

The economy pulled out of a dangerous rough patch in the spring, thanks largely to strong exports, but the rebound isn’t expected to last. Economic slowdowns overseas could make exports tail off just as Americans are hunkering down after the bracing impact of rebate checks wanes, plunging the country into another rut later this year.

“There will be heavy sledding for the U.S. economy during the next couple of quarters,” predicted Lynn Reaser, chief economist at Bank of America’s Investment Strategies Group.

Gross domestic product, or GDP, grew at a 3.3 percent annual rate in the April-June quarter, its fastest pace in nearly a year, the Commerce Department reported Thursday. The revised reading was much better than the government’s initial estimate of a 1.9 percent pace and exceeded economists’ expectations for a 2.7 percent growth rate.

Source: biz.yahoo.com

BigT

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UPDATE (8:10 pm ET): Holy crap! The predictions market intrade.com is now predicting that Pawlenty will be McCain’s pick. Pawlenty now gets 80% while Romney, who has led nearly all day at the site, is getting 12%. I know that this market has been extremely volatile all day but this definitely qualifies as a massive swing.

UPDATE (8:00 pm ET): Alright, we should have heard by now according to earlier reports. Now it’s looking all like a tease. And now there’s news out that Romney’s sister’s house may not have gotten the special treatment from the Secret Sevice.

If the Secret Service is vetting his family in advance of his brother’s selection as John McCain’s running mate, Scott Romney, the brother of Mitt Romney, said early this evening that it’s news to him.

Scott Romney said he doesn’t know anything about the Secret Service sweeping his sister’s house as reported earlier today by the Web site of The Hill newspaper in Washington.

UPDATE: According to a source from DRUDGE there will be an unofficial announcement at 6 pm ET and an official announcement at 8 pm ET. So stay tuned.

We basically found out Joe Biden was Barack Obama’s running mate when the Secret Service was sent to his home. Now we have a security sweep by the Secret Service at one of Romney’s family members.

If security sweeps are the giveaway, former Massachusetts Gov. Mitt Romney may be on the brink of being selected as Sen. John McCain’s (R-Ariz.) vice presidential running mate.

According to sources with strong Michigan ties, the Secret Service has conducted a security sweep of the home of Romney’s sister. Romney was raised in Michigan, where his father served as governor.

However, one campaign operative familiar with the working of a presidential-level campaign cautioned that a sweep of such a location could have been conducted in advance of Romney appearing as a surrogate — not the vice presidential nominee — at an upcoming McCain campaign stop in Michigan.

Maybe it’s nothing but maybe not.
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Who you choose to be friends with says a lot about who you are. While John McCain was fighting for his country in the Vietnam War, William Ayers was trying to blow America up.

Have you ever been a friend or business associate of a terrorist? Not someone who, to your shock and horror, turned out secretly to have bombed government buildings. No, the question is whether you’ve ever befriended an unreconstructed radical whose past was well known to you when you entered his orbit and walked through doors he opened for you. Have you been chummy with an unapologetic terrorist who, years after you’d known and worked closely with him, was still telling the New York Times he regretted only failing to carry out more attacks — and that America still “makes me want to puke”?

Barack Obama has.

An organization called the American Issues Project, backed by Dallas investor Harold Simmons, is running a campaign ad which highlights Obama’s troubling relationship with William Ayers. Ayers is a former member of the Weathermen terrorist organization that bombed the Pentagon, the U.S. Capitol, various police headquarters, and other targets in the early 1970s.

The Obama campaign’s rejoinder is three-pronged: The first shot was an Obama response ad, which fails to offer any substantive explanation of why Obama maintains ties to Ayers. Obama’s second move was to launch a heavy-handed effort to pressure television stations into rejecting the ad by promising financial retaliation against the stations and their advertisers — which effort has apparently succeeded in intimidating Fox and CNN. The capper is a desperate call for the Justice Department to muzzle political speech through the prospect of a criminal investigation — a demand that provides a disturbing sneak peak into what life would be like under an Obama Justice Department.

Source: article.nationalreview.com

These tactics that the Obama camp are using to silent dissent are extremely heavy-handed. Maybe I should have included this in my other post titled Barack “Trickster” Obama.

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