SOTU: The Drinking Game
Update: I thought Obama lacked anything Americans could hang their hat on as helping promote job growth or showing he got the message from Massachusetts, VA, NJ and the polling. I think he pandered to the House like crazy in an attempt to get them to pass the crxpulent Senate HCR bill….McDonnell was IMO excellent in his response.
This was no poll bumping reset like the Big Dawg used to do, this was an attempt to separate himself from ‘Washington’ and try to keep the change OUTSIDER agent mantle a year into a top down command control Presidency. I do not think it will be successful, just words doesn’t work for long in an economy like this when they spent trillions and shoved it in our face. And pundits calling us too stupid to understand how great the stimulus results really are will not change the coming electoral tsunami.
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Please drink responsibly 🙂
Ain’t Talkin’ ’bout Love: moderate Dems should support Scott Brown (MASS) and Sue Lowden (NV)
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I know this is sacrilege for a lot of Dems, but at this point I am supporting Scott Brown and Sue Lowden. Ask yourself something Democrats, who the hell are we supporting and why?! These Democratic Senators killed prescription drug reimportation, they are gutting Medicare, they are rolling over on the main issues that the party platform espouses in re women and progressive taxation.
WaPo: Chris Dodd (D-CT) expected to announce retirement Wednesday…
1/6 Update 8:34 am: CT AG Richard Blumenthal just announced on Squawk Box he WILL be running for Dodd’s seat. Hey, better Blumie than Dodd. Let’s hope it is harder for corpocrats to spin Blumie to being anti consumer after his many years of fighting FOR consumers in CT. And if you are in the GOP check out Rob Simmons also running for the seat. Blumenthal has a press conference scheduled for 230pm today in CT.
12:15am EST: WaPo breaking it…fingers crossed it’s true! Excellent!!
Dodd endorsing Obama after dropping out of the Dem primaries in 08. Laugh all the way to retirement you red faced AIG bonus giving frakker.
Conn. Sen. Chris Dodd expected to announce retirement, sources say Sen. Christopher J. Dodd (Conn.), a leading Democrat whose political star fell along with the nation’s economy, is expected to announce Wednesday that he has decided against running for reelection this November, according to sources briefed on the decision. Dodd, in his fifth term, chairs the Senate Banking Committee. His retirement would be the second such announcement by a Senate Democrat in 24 hours; North Dakota’s Byron Dorgan said Tuesday that he would not run this fall.
Obama Quits, cedes Presidency to Joe Lieberman
Of course, Joe did what the WH told him to do but still funny.
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By FDL Headzup:
http://headzup.tvAfter Joe Lieberman threatens a filibuster and gets both the public option and medicare buy in removed from the Senate health care bill, President Obama decides to quit and give him the Presidency.
Read more about it here–
http://fdlaction.firedoglake.com/2009…
Levin on Obama, Anita Dunn
“He is the quintessential radical Statist…He is the most pure Statist to ever serve as President of the United States.”
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Courtesy of NumberOneLevinFan
VA Debate: McDonnell – Deeds
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Politico headline reads ‘Deeds points finger at Washington’ .
BWAAHAAA Remember: ‘Obama’s Long coattails gonna keep a Dem majority’ they said! BWAAAHAA!! More like an anchor baby! Go McDonnell!!
Virginia Democratic gubernatorial nominee Creigh Deeds said in an interview that he was lagging in the polls entering the final weeks of the campaign in part because of voter concerns over his national party’s agenda.
“Frankly, a lot of what’s going on in Washington has made it very tough,” Deeds said in a “Battleground Virginia” interview sponsored by ABC 7/WJLA-TV, POLITICO, Google and YouTube. “We had a very tough August because people were just uncomfortable with the spending; they were uncomfortable with a lot of what was going on, a lot of the noise that was coming out of Washington, D.C.”
As one of two off-year governor’s races — the other is New Jersey — that are being closely watched for signals about the 2010 midterm election landscape, the factors behind Deeds’s struggles to date are being studied closely in both parties….
Update: DOW closes down 203-ISM well below expectations, 30 yr bond hits 4.00%, pending home sales rocket -Market Mover Thursday: Weekly Jobless claims rise..
Update: 4:54 pm EST: DOW closes down 203 to 9509.28; S & P down 27.23 to 1029.85, NAS down 64.94 to 2057.48
Update 1:22pm EST:
DOW now down 176.85 to 9535.43
S & P off 23.29 to 1033.79
NAS down 58.05 to 2066.37
30 yr now 3.95%!
10 yr 3.19%
Update: ISM well below expectations 52.6, that is a DROP from August reading of 52.9, thus delta going wrong way…DOW now down 82 to 9630…
but pending home sales JUMP (IMO off the pending END to the homebuyer tax credit, ends Nov 30th) markets ricocheting off the data…
Pending Home Sales rocket, NAR says it is due to paperwork backlogs wha?
Okay NAR says pending home sales UP but NOT NECESSARILY CLOSING, ahh funding and appraisal disputes abound, NAR says sales up on short sales pending for ‘complex appraisal rules’.:
up 16% in the West
up 8.2% in the NorthEast
up 3.1% in Midwest
up 0.8% in the South
‘unexpectedly’ (Only to the Hopium Smokin’ KoolAid Drinkin’ Pundits is this ‘unexpected’)
This is the weekly jobs number, the big one, monthly August jobs data will be released tomorrow.
Breaking on CNBC-
Weekly jobless claims (week ending 09/26) rise 17,000 to 551,000
Personal spending up 0.3%– 1.3% all Clunkers
Initial claims for state unemployment insurance rose to a seasonally adjusted 551,000 in the week ending Sept. 26 from a revised 534,000 in the previous week. Analysts polled by\ Reuters were expecting claims of 530,000, which would have been unchanged from the previously reported figure…
..Government data on Wednesday showed spending dropped at a 0.9 percent annual rate in the second quarter after rising 0.6 percent in the January-March period…
Jim Rogers joins MiM’s bandwagon in a call we are ‘facing retro 70s inflation’
The US faces high inflation because of the weak dollar and the Federal Reserve’s policy of printing money to counter the effects of the crisis, legendary investor Jim Rogers told CNBC Thursday. Price rises in the US are already steeper than the inflation rate reported by the government, Rogers added.”There’s no question the US is vulnerable to hyperinflation down the road or certainly the inflation we saw in the 1970s, I would expect that to come back in the foreseeable future, certainly in the next few years,” he said.
“The true inflation rate in America? It’s certainly at least 6 or 7 percent, the US government lies about it, as you know, everybody who shops knows that prices are up, everybody except the US government, and I wish we knew where they shopped so we can shop there too and get good prices.”
Rogers repeated his view that the Fed’s quantitative easing program is “debasing the currency” and said he was “extremely worried” about the fate of the dollar over the long term…..
Waiting for September ISM release..
Moderate in the Middle 