Dow plunges 450 points.
New unemployment claims exceed forecasts: 409,000 vs 400,000.
Two months ago, big story: with stimulus money coming to an end, expect second round of layoffs.
Good news for consumer: Ms Bachmann says she will get gasoline back to $2.00.
Better news for consumer: Mr Obama may out-do Ms Bachman -- price of oil drops $4.05 overnight.
The New York Times: nowhere near a depression. During the depression, 25% unemployment; current "real" unemployment no worse than 17%.
Inflation rising fast: Drudge Report headline with link.
Missile that hit Israel overnight fired from Egypt; occurs months after Egyptian leader "thrown under the bus" by US "ally" of 30 years.
Drudge Report: huge photo of President and First Lady riding bikes at leisurely pace; bicycle helmets in place; no daughters in the photo.
Yesterday, story that the president will present new jobs program sometime after his vacation is over.
It is leaked that the jobs program will be to hire 500,000 to repair dilapidated schools around the country; similar to "100,000 new cops on the street" program.
