Obama White House Announcement Live Blogging

Obama is suppose to major a major national security announcement at 10:45 tonight. There is a rumor that Osama bin Laden is dead. CNN brought Wolf Blitzer in on a Sunday night to cover the story. Something is up.

Keith Urbahn, Sec. of Defense Donald Rumsfeld's former Chief of Staff, tweeted this.

So I'm told by a reputable person they have killed Osama Bin Laden. Hot damn.

Urbahn did a follow tweet saying it could be a rumor.

This is big. David Corn tweeted this.

Daily Beast is running story that Osama bin Laden is dead.

MSNBC: Pres. will speak about a "grave, serious CIA operations overseas."

Marc Ambinder has good sources in the White House.

Two senior administration officials say that the President will announce that Osama Bin Laden is dead.

This is good news if it is true. I be more than happy to see the bastard dead.

Talking Points Memo confirms bin Laden is dead. Meanwhile, Obama has still not made a statement.

Blast from the Past President Bush telling White House press corp he doesn't spend much time worrying about bin Laden.



Showtime: Obama comes on an hour late. Obama say bin Laden is dead.

Obama says he told CIA director Leon Panetta that killing or capturing Osama bin Laden is priority number 1.

Bin Laden was killed in a gun fight with CIA paramilitary forces.

Bin Laden killed in Pakistan.

Obama: "Bin Laden was not a Muslim leader. He was a mass murderer of Muslims."

Obama striking the proper serious tone and didn't use fear-mongering against Muslims. Republican presidential candidates must be shitting themselves.

I great moment from Obama's speech.

"Let us remember that we can do these things not just because of wealth and power, but because of who we are."

Some Good Economic News

Via Saint Petersblog:the graph with the national debt over the years. As you can see the debt goes down when Democratic presidents are in office. The national debt is now at $5 trillion.

Under Obama the deficit has actually gone down from a year ago.

The excess of spending over revenue totaled $90.5 billion last month, smaller than the median forecast of economists surveyed by Bloomberg News and down 13 percent from $103.6 billion in August 2009, according to a Treasury Department report issued today in Washington. The gap for the fiscal year that started in October was $1.26 trillion compared with $1.37 trillion last year at the same time.

Part of the reason spending is down is because of stimulus and TARP money that was used to stabilize the economy last year. The news that the deficit shrunk is good, but there is more that needs to be done. Consumer confidence is down. The lack of hiring creates a smaller tax base. The Conference Board's Consumer Confidence Index is expected to release a positive report. However, people are still not optimistic.

David Resler, chief economist at Nomura Securities, said, "Consumer attitudes have remained gloomy. Although an improvement from September, October's anticipated rise isn't much of an overall improvement."

The economic policies of the Obama administration has bee light years ahead of the Bush administration. The hole the Obama economic team in is huge. Obama would have been better off politically if he took on financial reform at the height of public anger towards Wall Street. Obama instead decided to push forward with health care reform. The result was a political disaster that helps the Republicans during the midterms.