Chris Matthews gathered liberal commentators Ron Reagan and Joan Walsh to vent their frustration about President Obama’s‘s hesitancy to proudly champion the progressive agenda. Walsh suggested Obama’s “I’m the best compromiser routine” is wearing thin, while Reagan was sad to face the fact that maybe people need to realize Democrats really elected a center-right politician in Obama.

Rush Limbaugh enjoyed the fact that he was getting under the skin of many media commentators, particularly Chris Matthews and Al Sharpton. Rush argued that for “many on the left, Obama would have been a stunning, overwhelming, resounding success if it weren’t for me” and the fact that MSNBC hosts can’t stop talking about Rush is evidence to him that he’s reached a “new level of effectiveness.”

Tavis Smiley and Cornel West are not holding anything back in their media blitz, first suggesting President Obama declared war on the poor, then revealing how they aren’t on the White House guest list, and now predicting the London riots could definitely happen in America because of this country’s great wealth disparity. Smiley sums up his frustration with Obama by offering a bit of advice: “enough with the speeches about now it’s time to focus on jobs.”

During a lengthy conversation on Morning Joe regarding the worldwide economic turmoil, Joe Scarborough may have caught some viewers by surprise when a typical discussion about financial markets and politics turned into a unique moment where Scarborough revealed an honest, sobering and completely devastating assessment of President Obama and the times we are living in today.

Add MSNBC’s Ed Schultz to the growing list of Michele Bachmann’s surprising defenders in the aftermath of Newsweek’s unflattering picture of the presidential candidate. And Schultz even applauds Bachmann for brushing off the controversy. Now with that out of the way, Schultz then is able to return to more familiar territory, letting us know what he doesn’t like about the Congresswoman.

Chris Matthews gathered two prominent Democrats in Robert Reich and Bill Richardson and continued to wonder what is President Obama waiting for to propose a jobs program and address the unemployment crisis in America? Matthews suggested he’s been advocating Obama get behind such a plan immediately, but admitted “I don’t know what he watches or listens to.” And hopefully Obama wasn’t watching today’s Hardball, otherwise he might be none too pleased with Matthews’ tongue-lashing about the President making an allegedly inappropriate joke.

With World Wrestling Entertainment’s SummerSlam this Sunday night on Pay-Per-View, it seemed like an appropriate time to realize that the primetime cable news universe can often resemble the world of professional wrestling. With various hosts often feuding with one another, and frequently giving passionate “promos” regarding why their network or their show is the best, it’s time now to recognize who each host actually is inspired by in the WWE and then to pit the oversized personalities of cable news up against one another in a no-holds barred showdown!

Tavis Smiley and Cornel West continued their media tour on C-Span this morning, and expressed frustration with President Obama over a much more personal issue than merely not talking about poverty. Smiley noticed that Obama invited Bill O’Reilly to the White House, but he himself has yet to receive an invitation from the President, who regularly appeared on his show before being elected President.

Al Gore’s recent angry rant against critics of global warming caught many by surprise as the former Vice President employed some uncharacteristically harsh language. Jimmy Kimmel, however, thought capitalizing on Gore’s new persona would be a great way to promote a sequel to Gore’s documentary An Inconvenient Truth and Kimmel released an expletive-filled trailer on his ABC show last night.

New York City Mayor Michael Bloomberg stopped by GMA this morning and urged critics of President Obama to stop looking to blame him for America’s economic troubles and to start focusing on the future and how to fix the problem. “We don’t have the luxury of focusing on the next election,” Bloomberg warned while confirming once again that he will definitely not be running for President as an Independent in 2012.

Republican Congressman Michael Burgess agrees with some of his Tea Party constituents that now is the time to impeach President Obama, since that’s the best way to stop Obama from “pushing his agenda.” In an interview with his hometown newspaper the Fort Worth Star-Telegram , Burgess insisted the House needs to stop the President, otherwise “the longer we allow the damage to continue unchecked, the worse things are going to be for us.”

Rush Limbaugh is sounding the alarm bells, because he sees the riots in England and fears America soon might be facing the same chaos. Despite what the media is reporting and what “they” want you to believe, Rush reveals to his listeners that hooliganism may be the result, but it is certainly not the cause. Instead Rush discovered the real reason behind the riots.

President Obama’s speech yesterday in the aftermath of S&P downgrading America’s credit rating resulted in generally negative reviews from the Morning Joe crew. As Mike Barnicle repeated “why, why, why” would Obama go out with anything to say, Mika Brzezinski attempting to defend Obama, suggested she knows at least one person who thought it was a good speech. Joe Scarborough joked that the one person was probably the President himself.

Last night Ed Schultz hosted his show in front of a huge live crowd in Wisconsin, the site of today’s recall election. The raucous crowd actually added a very enjoyable element to Schultz’s proceedings, as they loudly cheered and booed various statements made by Schultz and his guests throughout the show.

Chris Matthews seems to be losing faith in President Obama’s political strategy and worries about his ability to handle the economy. Earlier he wondered if Obama is still “running the train” and now with MSNBC contributors Michael Steele and Ed Rendell, Matthews wanted to know what is Obama waiting for to put a big economic plan on the table? Something that Steele reminded Matthews is the same request Republicans have been making for weeks.

CNBC’s Rick Santelli is considered by many to be the “Father of the Tea Party” and this morning he forcefully defended his “baby” from various attacks. Insisting that it was embarrassing to see the Obama administration blame everyone and everything for the S&P downgrade, Santelli instead demanded to know when a real leader will stand up and tackle the big problems in our economy?

Chris Matthews and Andrea Mitchell were live on MSNBC immediately after President Obama’s speech on the credit downgrade. While Mitchell thought Obama demonstrated a confident tone and reassured Americans that “we’re still a AAA country,” Matthews was much less optimistic about Obama’s performance. Matthews was worried nothing will get done in Washington because the political parties are so far apart, and didn’t think Obama’s attitude was doing much to change the outcome.

Deficit Commission Co-Chair, former Republican Senator and always outspoken critic Alan Simpson shared his thoughts on the S&P downgrade during a phone call today on the Fox Business Network. Simpson declared he found it “stunning that people are disgusted” when everyone in Washington knows what’s really going on and scolded everyone who is complaining now by telling them “what did they think was going to happen?”

Republican Congressman Allen West appeared on Fox & Friends and was none too pleased with remarks by Senator John Kerry and advisor to President Obama, David Axelrod, where both described the credit situation as the “Tea Party downgrade.” West replied “I find those comments to be absolutely the most insidious thing I ever heard.” Yet Treasury Secretary Timothy Geithner was West’s real verbal target.

Tavis Smiley and Cornel West stopped by CNN’s American Morning to discuss their “poverty tour” and to express their disappointment with President Obama for failing to stand up for the poor and for not ever publicly mentioning the word “poverty.” Carol Costello wasn’t entirely convinced and asked why Obama should “concentrate on one segment of the population” when he is the President of all Americans? Yet Smiley and West passionately tried to convince her why.

ABC’s This Week continued it’s now consistent pattern of featuring the most entertaining roundtable debate of all the Sunday morning shows. This morning Steve Rattner, a regular contributor to MSNBC’s Morning Joe and former advisor in President Obama’s Treasury Department was rightfully taken to task by George Will for suggesting Tea Party members of Congress were “economic terrorists” because of their “unreasonable” opposition to any tax increases. At first Rattner attempted to wiggle free from his own words, but then Will demonstrated the ridiculousness of the entire analogy.

With bad economic news surrounding President Obama, Chris Matthews warns that if unemployment stays above 9% Obama will not be able to get re-elected. Dan Rather joined Matthews’ Sunday show panel, agreed that unemployment is the biggest concern for Obama and gave the President advice that should be listened to right away.

Don’t count on President Obama’s campaign advisor David Axelrod being eager to return to Face the Nation anytime soon. First Bob Schieffer persistently wondered why Obama should be re-elected when the economic situation is “worse” today than it was when Obama first took office. And later in the same interview, Schieffer refuses to let Axelrod blame Republicans for being the sole cause of the S&P downgrade.

Rachel Maddow appeared on the Meet the Press roundtable and added some fireworks as she declared that the S&P downgrade was an indictment of Republican’s negotiating strategy throughout the debt crisis and how they believe that “any deal is a bad deal.” Now she hopes that this can serve as a political wake-up call to convince everyone that Washington is simply not working.

Bob Schieffer was enjoyably prickly today as he interviewed President Obama’s campaign advisor David Axelrod. After playing a clip of Obama from the beginning of his presidency telling Matt Lauer that three years later Americans will be able to determine whether he deserves a second term, Schieffer posed the question rather bluntly to Axelrod. “Is this going to be a one-term presidency?”