Krauthammer Agrees!: Twofer Tuesday: The Middle
Update: Feb. 19, 2010 – Krauthammer agrees!:
..It turned out that the country’s problems were not problems of structure but of leadership. Reagan and Clinton had it. Carter didn’t. Under a president with extensive executive experience, good political skills and an ideological compass in tune with the public, the country was indeed governable.
It’s 2010, and the first-year agenda of a popular and promising young president has gone down in flames. Barack Obama’s two signature initiatives — cap-and-trade and health-care reform — lie in ruins.
Desperate to explain away this scandalous state of affairs, liberal apologists haul out the old reliable from the Carter years: “America the Ungovernable.” So declared Newsweek. “Is America Ungovernable?” coyly asked the New Republic. Guess the answer….
The leadership of the Democratic Party still does not get it.
The lamestream journOlists are trying to spin the departure of Bayh as a sign the ‘system doesn’t work’ i.e. government is broken.
Huh funny that, I remember Dubyah getting Medicare Part D, two wars, No Child Left Behind and tax cuts passed with far less of a majority and the same system of governance. Big Dawg got NAFTA, SCHIP, FMLA, balanced the budget. Both created millions of jobs.
The system is not broken, the leadership is weak. OWN YOUR CANDIDATE.
And that’s the view from here in ‘The Middle’ 🙂
I read posts from the ‘left’- BTD at TalkLeft, and the journOlists – the Politico hit piece on Evan Bayh today and I think, wow they are So Far Away From Me. I think they will continue to be shocked! and amazed! and astounded! as the Dems are swept out of power. It is clear to everyone but those in the bubble or on the left that the country is saying N-O to the Obama Agenda all down the line.
The Democratic Party is So Far Away from the Middle. Since America IS The Middle we will have to remove them at the ballot box again. My Generation’s (X)turn to be a ‘Reagan Democrat’ is it, and save the country from the worst proclivities of the farleft neoprogressive agenda? Okay I’m down with that.
I get so tired when I have to explain
When you’re so far away from me
See you’ve been in the sun and I’ve been in the rain
And you’re so far away from me-Dire Straits
Update: New Home Sales rise 0.3% in April, March revised to show a SERIOUS SLIDE in March dropping 3.00%…Market Movers Thursday: Economic Data; Treasury Auctions, Fed Buying
Update 2: New Home Sales rose a mere 0.3% in April… Pffffft!!, and March revised lower, but of course!:
The Commerce Department said sales rose 0.3 percent to a 352,000 annual pace, from a downwardly revised 351,000 in March. March sales were revised to show a 3 percent decline, which had been reported as a 0.6 percent slide. Economists polled by Reuters had forecast sales at a 360,000 rate in April…
Update: Economic Data in– Jobless claims drop but continuing claims hit yet another record, Treasury action later today:
The Labor Department reports that the number of initial claims for unemployment insurance dropped to a seasonally adjusted 623,000, from a revised figure of 636,000 in the previous week. That was below analysts’ expectations of 635,000.
..The number of people continuing to receive unemployment benefits increased to 6.78 million, the largest total on records dating back to 1967 and the 17th straight record week…
Durable goods orders rise but past numbers revised lower, anyone see a pattern emerging?
April’s 1.9 percent increase in durable goods orders was the biggest percentage advance since December 2007, when orders rose 4.1 percent, the Commerce Department said.However, March orders were revised sharply lower, falling 2.1 percent from the previously reported 0.8 percent decline…
Durable good orders, new home sales and weekly jobless claims data Thursday morning.
..Weekly claims are expected to come in at 625,000, down from last week’s 637,000…
Art Cashin on Treasury auction Thursday:
…”The one I’m most worried about” is Thursday’s Treasury auctions, Cashin said. “It’s kind of a strange one,” as the Federal Reserve is expected to buy Treasurys that will mature in three to five years.
Wednesday’s spike in yields, especially on the 10 yr, concerns over dropping refis as mortgage rates climb with the long end of the curve and the apparent failure of the FED quantitative easing to control mortgage rates, they cant control the long end, inflation is coming ….
CNBC:
…A selling spree in Treasurys pushed rates higher, taking the yield curve to its steepest on record as spreads between the 2-year and 10-year widened by over a dozen basis points on Wednesday alone.The 10-year saw its yield move above 3.70 percent, after trading at 3.55 percent the previous day. The selling wave hit bonds shortly after 1 p.m., even after the auction of $35 billion in 5-year notes was well received…
..Traders are bracing for more of the same Thursday. The Treasury is auctioning another $26 billion in notes, this time 7-years. The heavy issuance – more than $100 billion this week alone – has been pressuring the market…
Moderate in the Middle 