I hate to dissent from Peters judgments, but Tom McClintock is not going to drop out, despite the fact that he is a devotee of both Lincoln and Churchill, whose examples he knows well. Among other things, he owes the Republican Party establishment very little, since (bowing to Pete Wilsons vindictiveness) it lifted nary a finger to help him in his winnable statewide controllers race last year, where he ran ahead of every other Republican on the ballot. I know Tom very well; his rock-solid stubbornness is of a piece with his clarity on public policy issues. It aint gonna happen.
Nathaniel Stewart and others pass along good economic news. I hope they are right, but I am not so sure. There are worrying signs that the economy might stall out again. See John Makins latest Economic Outlook, where he points out continuing weakness in fundamental areas. Makin is my guru; he has an incredible record of calling economic turns. He was very optimistic three months ago, which makes his current worry something to pay attention to.
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