PRESIDENT OBAMA will speak to the nation at 1 p.m. EDT today. Does any one not expect him to announce that the Department of Justice will open an investigation into the rating agencies for downgrading the U.S. bond rating?

[Update] It's 1:45 p.m. and the President is still in his bunker.... And Bret Baier (Fox News broadcast) just made the same point I've been making: my 401K is nearing a 201K.

[Update II] Well, I was wrong -- he went back to "tax the rich" again.