When Obama rated himself a "good, solid B+", who knew he meant America's credit rating?

A month ago, Standard & Poor's noted that passage of the Cut, Cap & Balance plan would avert a downgrade to America's debt. Curiously, in his speech this afternoon, President Obama failed to mention that trivial little detail, instead pinning the blame for America's ongoing economic malaise on everyone and everything but his own failed policies.

• Losses on Wall Street were, er, 'historic' "...the equity market was a horror show across the board. The Dow Jones Industrial Average slumped 634.76 points, or 5.6%, to put it below 11,000 at 10,809.85... [Since] April 29, the Dow has surrendered more than 15%. In terms of points, the session was the sixth-worst in the index's history..."

• Casey Anthony could run against Obama and win at this point: "Registered voters by a significant margin now say they are more likely to vote for the 'Republican Party's candidate for president' than for President Barack Obama in the 2012 election, 47% to 39%."

• With the government actively sabotaging businesses through excessive and oppressive regulations, this comes as quite the surprise: "Small and medium-sized companies are increasingly glum about the chances of a pickup in growth in the U.S. economy over the next year... The percentage of chief executives of small companies who expect the economy to improve over the next 12 months dropped sharply to 31 percent from 50 percent last quarter..."

But perhaps the president can successfully pin all of this bad news on tsunamis, Martin Van Buren and Carmen Electra.