In a new report, Democrat-friendly Goldman Sachs dropped an economic bomb on President Obama’s chances for reelection . . ."

◼ Panic at 1600 Pennsylvania Avenue - theothermccain.com

◼ Panic at the White House? Gloomy Goldman Sachs sees high unemployment, possible recession - Reuters

Goldman Sachs doesn’t have to tell you things are bad. I don’t have to tell you things are bad. Everybody knows things are bad. Unemployment is at 9.2 percent (11.4 percent if the official labor force hadn’t collapsed since 2008 and 16.2 percent if you include discouraged and underemployed workers.) Moreover, the economy grew at just 1.9 percent in the first quarter of this year and may have grown less than 2 percent in the second. Wages and income are going nowhere fast.

When will the White House signal a change of economic direction? Will cutting tax rates and regulation ever make it on the agenda? That may be the only way Obama can win another term. And time is running short.