In going along in May 2010 with the European charade that Greece did not have a solvency problem, was the IMF really standing for the proposition that the laws of economics do not and will not give way to political considerations?

Why look back to the last time that Timothy Geithner and Larry Summers "saved the world"? Because they are doing it again in the same way.

It seems that no matter how Obama gets out of this debt-limit deal, he's left in a double bind. He desperately needs to make a new first impression because he cannot successfully run on a terrible economy, an unpopular health care plan and a very confusing foreign policy at a time when most Americans are burned out on foreign policy.

Advocates for revaluation of China's exchange rate have argued that an appreciation would boost demand for U.S. goods and shrink the U.S. trade deficit, but Chinese currency revaluation cannot provide a quick fix to the U.S. economic predicament.

The economists in the Obama administration have become politicians, vacating the valuable role of objective analysts and giving the administration economic tunnel vision.

The damage to the public financesresulting fromthe financial crisis will require the scaling back of aspirations in other areas of fiscal policy.

Before President Obama headed off to his rented 28-acre retreat in Martha's Vineyard, he spent a few days campaigning around the Midwest in his new million-dollar, Canadian-made campaign bus, paid for at government expense. He even unveiled what many believe will be his new reelection theme: "Country first."

Voters seem to be rejecting the Obama Democrats' vast expansion of government, saying to leave the private sector alone so it can recover from the financial crisis recession and once again create bounteous and unscripted growth.