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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (142374)	8/11/2010 1:27:10 PM
From: JohnM	Respond to of 541202

Four Frontrunners Last night's primary returns from four states were enough to keep me up past my bedtime. The biggest upset was probably Dan Malloy' easy win over Ned Lamont in the CT Democratic gubernatorial primary, though the size of Michael Bennet's eight-point win over Andrew Romanoff in the CO Dem Senate primary certainly surprised me. Three races expected to be very close--the Republican gubernatorial and Senate races in CO, and the GOP gubernatorial runoff--were in fact very close. Karen Handel's concession to Nathan Deal in GA, with absentee ballots still to be counted and just over two thousand votes separating the candidates, was a bit of a surprise after a long and bitter campaign. Ken Buck's 52-48 win over Jane Norton showed the value of political "home cooking;" virtually all of his margin can be attributed to a stellar performance in his home county (Weld) and the one next door to it (Larimer). You wish there could have been an exit poll for the CO GOP governor's race to find out what voters thought they were doing when they cast ballots for Dan Maes. And you'd like to know if there was a point in the long evening when former Senator and now gubernatorial nominee Mark Dayton though his political career was finally over. But here's the really interesting thing: Democrats are at the moment front-runners in the gubernatorial contest in all four of these states, three of which currently have Republican governors. That's a bit of good news for the Donkey Party during a tough year. Posted by Ed Kilgore on August 11, 2010 12:05 PM thedemocraticstrategist.org

To: JohnM who wrote (142374)	8/11/2010 1:42:34 PM
From: Steve Lokness	Read Replies (2) \| Respond to of 541202

, this started with the claim that government borrowing would send rates soaring, crowding out private investment, and that this would abort the recovery. Oh gosh. Interest rates are dismal because the fed keeps flooding the world with dollars - thanks helicopter Ben. Coupled that with lack of demand..........because we are all looking out for our own self interest and are deleveraging. Krugman needs to stop over analyzing and remember supply vrs demand. (lots and lots and LOTS of money and very little demand). .....The long term consequence is that at some point creditors will demand more interest and interest rates will rise. Just like any ponzi scheme that works great - until it doesn't. Or as Ben Steins Daddy said, ...."if something can't go on forever, it won't". Interest rates won't drop forever because they can't. As interest rates near zero, people will bury their money in cans - or buy gold and bullets with it. Well, that's just my take on it.