Obama's Big Tent Party While Recession Continues

America's Dad-Basher-in-Chief is once again holding himself up as a role model of "responsibility" -- a value he pedals so often to American dads.

This Tuesday, Obama will be holding his first state dinner in honor of the Indian prime minister. But since he's not content with the White House dining room which can only accommodate 120 guests, he going to hold a massive shindig in a heated tent on the White House lawn. The guest list, which is said to number about 400 people, will include Obama's wealthiest pals who will indulge in food and drink on the taxpayers' dime.

Obama's latest spending spree takes place as unemployment in many states continues to creep up and there are mounting signs that the continued recession may turn into a financial collapse, as French banking giant Societe General warned investors this week (see http://www.telegraph.co.uk/finance/economics/6599281/Societe-Generale-tells-clients-how-to-prepare-for-global-collapse.html).

For more on the tent event, read http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6928946.ece.