iBankCoin
Joined Nov 11, 2007
1,458 Blog Posts

Indiana’s House Races Show GOP Leading Double Digits

***Update*** Dan Coates has won the Indiana Senate race and Rand Paul has earned the win in Kentucky.

Indiana is a bellwether for the house races, and with early results coming in, it is not looking good at all for the Democrats.

WaPo predicts that if the GOP wins all three of these districts, they will take over 60 seats in the house.

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Dems Losing Badly? Get Drunk Playing the Liberal Media Spin Drinking Game!

Election night commentary is mostly about pundits and anchors stating that the election results confirm some belief that said pundit or anchor already held (see the Dougherty Doctrine for an example). Given that most non-FOX television types are liberal, and that Republicans — especially conservative Republicans — will likely have a very good night, this will be a difficult feat tomorrow. As a result, we expect the liberal talking heads to resort to a few predictable — but silly — talking points.

What better foundation for a drinking game?

Below are the liberal platitudes to explain away the election, followed by a brief explanation of why they’re so silly. Any time you hear one of these platitudes, take a drink. (But if you’re watching MSNBC, we recommend cutting the portions in half — and still telling your boss you won’t be in before lunch on Wednesday).

RULES: Take a drink every time you hear an anchor, pundit, or other TV talking head…

  • Say “Anti-incumbent.” No, this isn’t an anti-incumbent year. The only Republican Senator even remotely close to losing her seat Tuesday is Lisa Murkowski, a write-in candidate who lost her primary for being too liberal. Somewhere from zero to three House Republicans will lose, and those include Hawaii and New Orleans. There might be one or two Republican governors fall, but in all likelihood, this an anti-Democrat year.
    Suggested drink: A Hurricane or a Mai Tai, local drinks of New Orleans and Hawaii, respectively — the only districts where GOP congressmen (Joe Cao and Charles Djou) are likely to fall.
  • Say “temper-tantrum.” Recall this Peter Jennings gem from 1994: “Some thoughts on those angry voters. Ask parents of any two-year-old and they can tell you about those temper tantrums: the stomping feet, the rolling eyes, the screaming. It’s clear that the anger controls the child and not the other way around. It’s the job of the parent to teach the child to control the anger and channel it in a positive way. Imagine a nation full of uncontrolled two-year-old rage. The voters had a temper tantrum last week….Parenting and governing don’t have to be dirty words: the nation can’t be run by an angry two-year-old.”
    Suggested drink: A Jello Shot. Two-year-olds love jello.
  • Say “blind rage” Remember, rebuking Bush and throwing out Republicans was about finding our better angels. Rebuking Obama and throwing out Democrats is about blind range.
    Suggested drink: Irish Whiskey
  • Blame Obama for not “getting his message out” Both sides do this: if my side is losing, it must be only because we didn’t communicate our ideas and plans well enough — it can’t be because people didn’t like what we were doing! With Obama, it’s even more absurd. The man, famous for his eloquence, was constantly campaigning.
    Suggested drink: spiked Slurpee
  • Chalk it up to voter racism: Americans figured out a black guy was running the country, and they freaked out, deciding to “take back America” for the white guys.
    Suggested drink: White Russian.
  • Mention that one guy who owns a McDonalds who (possibly inappropriately) told his employees to vote Republican. Because we’re sure that tipped the balance of the election.
    Suggested drink: Spiked (flavorless) milkshake
  • Say “secret money” Because it doesn’t matter that Democrats outraised Republicans from the most politically active industries in America, including Wall Street. It doesn’t matter that K Street favored Dems 2-to-1 with campaign contributions. The public-employee unions don’t count as a special interest. It’s just that secret Republican money that’s insidious.
    Suggested drink: Rum-and-Koch
  • Drink for every block in which Christine O’Donnell is the most-mentioned candidate. Talking about Christine O’Donnell is very important therapy for liberals. First, it allows them to feel smarter than conservatives — O’Donnell says a lot of silly things, and is a conservative woman, both of which make her a prime target of smug liberal mockery. Also, this is a rare open seat Democrats will win. Combine those two points, and it gives liberal anchors a chance to say their favorite line: Republicans need to be moderate to win.
    Suggested drink: Witch’s Wit ale.

If you’ve got other suggestions for predictable election night spin from liberals, add them in the comments. In any event, stay hydrated and don’t drive home.

By: Timothy P. Carney
Senior Examiner Columnist

Read more at the Washington Examiner: http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/The-Washington-Examiner–106442923.html#ixzz149ss9RCC

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Top Ten Democratic Excuses for Losing the Mid-terms

It’s Wednesday morning, you’re a Democrat and you’re waking up after a terrible night. You’re hung over and you can’t quite remember what happened. You’re pretty sure you lost the House of Representatives and – who knows? – perhaps even the Senate as well. You have a vague recollection of Harry Reid being sent back to Searchlight, Nevada. It might have been a hallucination but didn’t you lose another Kennedy seat in New England too?

You reach for your remote control to check out what the pundits are saying but can’t find it. Perhaps someone threw it at the television set when Illinois went red (or was it Wisconsin?). Never mind, you don’t need to listen to the excuses because they’re all been aired beforehand. Here’s an idiot’s guide as to why the Democrats lost (with apologies to James Carville):

1. It’s the stupid, stupid

Barack Obama:

Part of the reason that our politics seems so tough right now – and facts and science and argument does not seem to be winning the day all the time – is because we’re hard-wired not to always think clearly when we’re scared. And the country is scared, and they have good reason to be.

John Kerry:

It’s absurd. We’ve lost our minds. We’re in a period of know-nothingism in the country, where truth and science and facts don’t weigh in. It’s all short-order, lowest common denominator, cheap-seat politics.

Anyway, it’s been scientifically proven:

Research suggests that liberals and conservatives have different personality traits… liberals are more intellectually curious and tolerant of ambiguity…

2. It’s the nuts and wusses, stupid. Democrats ran away from Obama’s stellar record.

Tim Kaine:

I do think Democrats thinking that they can, you know, hold the Democratic label at arm’s length, I do think that’s nuts. You put the label after your name, be proud of it.

Ed Rendell

We’re a bunch of wusses. We’re running from the things that we’ve done, running from the things we believe instead of saying, ‘Here’s what we stand for. If we’re going to lose, let’s go down fighting for the things we believe in’.

3. We’re just so focussed on good policy, stupid. Democrats just did the right thing instead of worrying about grubby politics.

Barack Obama:

Given how much stuff was coming at us, we probably spent much more time trying to get the policy right than trying to get the politics right. There is probably a perverse pride in my administration — and I take responsibility for this; this was blowing from the top — that we were going to do the right thing, even if short-term it was unpopular.

Harry Reid

We’re going to write a bill that sets reasonable goals over a reasonable time frame that’d benefit both our environment and our economy. We’re going to write a bill that can pass the Senate. My caucus is ready to get to work, but we need the cooperation of brave Republicans. It’s my hope they will join us in putting good policy over bad politics.

4. It’s the history, stupid. The president’s party always loses in the mid-terms (move along, nothing to see here).

Dick Durbin

Oh, of course we’ll lose some seats in the Senate and in the House. That’s what history tells us.

Mark Mellman

History ordains Democratic losses — in all but four midterms since the Civil War, the party controlling the White House has lost House seats…First, significant losses were the baseline for this year. Forget the stimulus. Forget healthcare. Forget global warming and partisanship (bi- or otherwise). Normal midterm effects and Democratic exposure, let alone the economy, all but guaranteed substantial losses and a House in play. Anyone expecting small losses this year was out of touch with both historical precedent and economic reality.

5. You’re impatient, stupid. Change has not come fast enough and Obama was much too moderate.

Michelle Obama:

And I know for so many people, change has not come fast enough. Believe me, it hasn’t come fast enough for Barack, either.

Paul Krugman

A few commentators will point out, with much more justice, that Mr. Obama never made a full-throated case for progressive policies, that he consistently stepped on his own message, that he was so worried about making bankers nervous that he ended up ceding populist anger to the right.

6. It’s the message, not the product, stupid. Democrats have great policies but a poor message.

Ed Rendell

I think this administration has done a great job… We just did a lousy job communicating it. We let the Republicans, to their credit, out-spin us a year-and-a-half ago, and we’re paying the price.

Bill Maher

The Democrats are very bad at selling their own product. The Republicans are geniuses at it. And I’ve said it before, a bad product well apologized for is superior in this country to a good product.

7.  It’s Rove and those dastardly foreigners, stupid. Karl Rove and shadowy outside groups funded by foreign money swamped the Democrats with cash, corrupting our democracy.

DNC ad:

Karl Rove, Ed Gillespie: They’re Bush Cronies. The US Chamber of Commerce: They’re Shills for Big Business. And they’re stealing our democracy. Spending millions from secret donors to elect Republicans to do their bidding in Congress. It appears they’re even taking secret foreign money to influence our elections.

Alexi Giannoulias

Now Karl Rove and the chamber have spent about $10 million in secret money, in secret money where you don’t know where it’s coming from, what country and what amounts, to try and take President Obama’s senate seat. It’s pretty simple. Mark Kirk helped George Bush and Karl Rove wreck this economy, and now Karl Rove is repaying the favour to Congressman Kirk.

(don’t mention the fact that the Democrats spent more money)

8. It’s the racism, stupid.

NAACP:

It is the notion that President Barack Obama is not a real natural born American, that he is some other kind of person, that abounds in Tea Party ranks and draws this movement into a pit of no return.

Barack Obama:

And then there are probably some aspects of the Tea Party that are a little darker, that have to do with anti-immigrant sentiment or are troubled by what I represent as the president.

9. It’s the media’s fault (especially Fox), stupid.

John Kerry

Television seems to exclusively gravitate toward the conflict and whatever is bad, rather than really focusing on the kinds of things that are good and make a difference.

Jimmy Carter

I think under the circumstances that I just described, he’s done an extraordinary job,” Carter said. “He’s got some good things done. They’ve been totally twisted around by some of the irresponsible news media to project him as a person that he’s not and as we all know.

10. It’s stupid Bush, stupid.

Barack Obama

They don’t have a single idea that’s different from George Bush’s ideas–not one…We got here after 10 years of an economic agenda in Washington that was pretty straight forward. You cut taxes for millionaires, you cut rules for special interests, and you cut working folks loose to fend for themselves. That was the philosophy of the last administration and their friends in Congress.

Chris Van Hollen

President George W. Bush and House Republicans drove our economy into a ditch and tried to run away from the accident. President Obama and congressional Democrats have been focused repairing the damage to our economy. Elections are about choices and this year’s Midterms will be a choice between continuing the economic progress and independent leadership that House Democrats are delivering for their districts versus Republicans who are eager to turn back the clock to the same failed Bush-Cheney policies that brought our economy to the brink of collapse.

Author: Toby Harnden-Reprinted without permission from The Telegraph

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Republicans vs. Democrats

Tomorrow will be a historic day for America. Every election in the future will be measured against the Mid-Term Election of 2010. It will be a tsunami, a hurricane, a flood.

Gallup warns “…this year’s 15-point gap in favor of the Republican candidates among likely voters is unprecedented in Gallup polling and could result in the largest Republican margin in House voting in several generations.”

It will be epic, and you want to be sure that your evening is not wasted by tuning in to some 3rd tier blog, or worse, Olbermann, or even worse, the thugs of smug, Stewart and Colbert.

The only real choice is to spend your evening with myself, Fly, and Jake Gint, as we endeavor to bring you the best Election Night coverage money can’t buy.

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The Halloween Candy Indicator

If the quantity and quality of this year’s Halloween candy haul is an indicator of things to come, I say the economy is on the mend! I have never seen the kids get so much candy, and of such a high quality.

Happy Halloween!

Jack-O-Lanterns on Woodshedder’s front porch.

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Advance/Decline Breadth Indicator Signals Buy

The Market Dissector A/D indicator (just barely) issued a buy signal for tomorrow.

The decliners barely closed above the upper Bollinger Band. The signal to close the long position will issue when the decliners closes beneath the lower Bollinger Band.

This indicator has a high win rate.

Note that the Bollinger Bands allow the indicator to adjust to low and high volatility (we are currently in a lower volatility environment).

Stay tuned for more on this indicator…

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