Not Helpful

What a buffoon, how pathetic was this? The markets sure didn’t like it.

In Debt Downgrade Aftermath, Obama Serves Up a Silly Speech

First, do no harm. That is a useful injunction for doctors, lawyers, and, it turns out, U.S. presidents.

But President Obama’s useless speech Monday about the basic soundness of the American economy managed to reinforce all the concerns Americans on the left and right have about his stewardship of the country.

The speech did at least temporary harm. As soon as he finished speaking, the already jittery financial markets plunged.

. . .

His calm, passionless, “voice of reason” message, without a single new proposal except his pledge to make specific proposals in the future and work with the Congressionally designated super-committee to address the deficit and debt crises – “leading from behind again” – actually panicked the markets. And no wonder. Americans were looking for a leader, and what we got was the professor again.

See also:
Dow plunges as Obama says US A-OK
Presidential Failure
Matt Gurney: Obama’s speech writers should have their salaries downgraded
Obama’s jobs-message problem
Obama’s Jobs Message Isn’t Catching On
The Washington-Wall Street Disconnect Grows Even Wider
The most powerful man on Earth?
World’s Most Powerful Man Seems … Powerless
Republicans pan Obama’s speech
Democratic logic downgraded

If Obama can’t lead the economy out of the wilderness, he needs to at least call off his regulatory zealots and generally get out of the way. I’m guessing his resignation would be too much to expect from someone so obsessed with himself.

/Obama wouldn’t know sound economic policy if you tattooed it on his forehead backward, so he could read it in the mirror

ACORN Takes A Shot At The Messengers

Who said there’s no such thing as bad publicity? The discovery process alone ought to be quite revealing. One thing’s for sure the money and pro bono lawyers will pour in to defend this lawsuit.

ACORN sues filmmakers

ACORN filed suit Wednesday in Baltimore, Maryland, against two filmmakers who secretly recorded videos embarrassing to the agency, claiming the pair violated state law by recording their conversations without permission of the employees involved.

The lawsuit seeks an injunction preventing the further distribution of the videos.

The recordings represented “clear violations of Maryland law that were intended to inflict maximum damage to the reputation of ACORN,” the community organizer’s attorney, Arthur Schwartz, said. “Unfortunately, they succeeded.”

Defendants James O’Keefe and Hannah Giles, conservative activists posing as a pimp and a prostitute seeking advice on setting up a brothel with underage girls from El Salvador, recorded the videos in Baltimore and three other cities.

Breitbart.com, registered to Washington Times conservative commentator Andrew Breitbart, is a co-defendant in the lawsuit. Contacted by CNN, Breitbart had no comment on the suit. O’Keefe and Giles did not respond to requests for comment.

See also:
ACORN Sues O’Keefe, Giles and Breitbart.com
ACORN Sues Makers of Hidden Camera Videos
ACORN Vows ‘Serious’ Internal Probe, Sues Filmmakers
ACORN sues hidden-camera filmmakers
ACORN sues Bretibart, ‘pimp, hooker’ duo
ACORN sues undercover filmmakers

Meanwhile, the ground continues to shift underneath ACORN’s foundation as the fallout from “Hookergate” continues to take its toll.

IRS severs ties with ACORN over scandal

The IRS says it is severing ties with ACORN, the community activist group involved in a scandal after employees were caught on video giving advice to a couple posing as a prostitute and pimp.

The Internal Revenue Service said Wednesday it would no longer include ACORN in its volunteer tax assistance program. The program offered free tax advice to about 3 million low- and moderate-income tax filers this spring.

The IRS said ACORN, which is short for the Association of Community Organizations for Reform Now, provided help on about 25,000 returns.

The House and Senate voted earlier this month to sever federal funding to ACORN. And the Census Bureau severed its ties with the group for the 2010 national head-count.

Liberal Dem blasts ACORN

A leading liberal Democrat in the House blasted the embattled community organizing group ACORN Wednesday and said he is urging the White House to withhold any federal funding for the group.

“I am very disappointed in the actions that were taken by members of ACORN,” Massachusetts Rep. Barney Frank, Chairman of the House Financial Services Committee, said in a statement Wednesday, “and I do not believe that ACORN’s response has been adequate for an organization that has received public funding.”

Frank also said in the statement that he is urging the Obama administration to withhold any additional funding for ACORN “at least until there is very firm evidence that the abuses of which ACORN members have been guilty have not only ceased, but that procedures are in place to prevent them from happening again.”

See also:
IRS, ACORN Sever Ties Over Scandal
IRS, ACORN sever ties over scandal
IRS severs ties to ACORN in wake of latest scandal
I.R.S. Severs Acorn Ties; Group Sues Over Video
Barney Frank flees ACORN
Frank turns against ACORN
Barney Frank, D-Mass: Time to de-fund ACORN
Barney Frank on Acorn
It Was Fraud, Fraud, Fraud, ‘Til Congress Took The Money Away
ACORN Roasting On A Simmering Fire

And ACORN wants even more publicity by filing a lawsuit? Bring it on! Then again, I’m not the one being sued.

/anyway, I know which side I’m rooting for, I hope they get a jury trial and it’s televised