Argentina defaults; Russia, Ukraine, Libya, Israel, Gaza, Iraq all in a state of (hot or otherwise) war, the worst Ebola epidemic in the history of Africa, and now Obama is getting sued.

MT: @AP_Politics MORE: House authorizes GOP-led plan to sue Obama alleging he exceeded constitutional powers http://t.co/iaTx9KeVeG — The Associated Press (@AP) July 30, 2014

And from Reuters:

The Republican-led U.S. House of Representatives on Wednesday cleared the way for the launch of a lawsuit accusing President Barack Obama of overstepping his authority in carrying out his landmark healthcare reform law. The 225-201 vote, along party lines, to authorize the suit will allow House lawyers to draft legal documents over a five-week summer recess starting on Friday. It cements the action as a lightning rod for months of bitter campaign rhetoric from both Republicans and Democrats ahead of November elections that will determine the political control of Congress next year. The suit is expected to claim that Obama exceeded his executive authority in making unilateral changes to the Affordable Care Act, known as Obamacare.

And then this:

Pres Obama intends to thumb his nose at the House lawsuit bill by signing another Executive Order tomorrow on federal contractors. — Mark Knoller (@markknoller) July 30, 2014

"He is not going to back away from his efforts to use his authority to solve problems & help American families," says WH official of POTUS. — Mark Knoller (@markknoller) July 30, 2014

If this doesn't send the S&P to new record highs tomorrow, the Fed better find another market to rig.

Incidentally, for those confused, this is nothing but more theater. If the GOP, i.e., the orange folding lawnchair, really wanted to go after Obama, they would have impeached.

Meanwhile, somewhere in the bowels of the Kremlin, Putin is cackling like a madman.