Queen Michelle visits the King, Bachelor Obama, Fed downgrade of economy

As Michelle Obama continues to spend taxpayer money on her lavish vacation to Spain, President Obama spent his birthday with the boys this weekend which included his close aide, Reggie Love.

The White House says the president went golfing on Saturday with eight friends, some with ties to his college days, his hometown of Chicago and his childhood home state of Hawaii. They were spending the afternoon at the Andrews Air Force Base course.

Today, Obama hosted a barbecue for friends at the White House, ending a week in which he turned 49 without his family around.  Obama’s birthday was Wednesday. He celebrated in Chicago with friends, including Oprah Winfrey.

Meanwhile, as the Obama’s spend a week celebrating birthdays and living the life of the rich and famous in Spain, the Federal Reserve is set to downgrade its assessment of US economic prospects when it meets on Tuesday to discuss ways to reboot the flagging recovery.

Faced with weak economic data and rising fears of a double-dip recession, the Federal Open Market Committee is likely to ensure its policy is not constraining growth and to use its statement to signal greater concern about the economy. Of course, Obama and his sidekick “Bite Me” Biden are still convinced that their economic policy of spend, spend, spend, borrow, borrow, borrow is still working.

__________