Monday, October 29, 2007
Personal Asides: Congratulations to Henry Hyde The 3 Elements of a Recession Come into Focus New Presidential Candidates Phenomenal Recruitment of Volunteers.
Congratulations to Henry Hyde who yesterday became the recipient of the Presidential Medal of Freedom an award richly earned for his legendary support of the unborn.
The three elements that seem like a forthcoming recession to me, at least, are here: constantly falling housing prices constantly rising oil prices borrowers and lenders increasingly cautious. The hope is that Fed Chairman Ben Bernankes interest rate cuts will help keep the recession as mild as 1990-91 (which still lost the election for George H. W. Bush) and 2001.
New Presidential Candidate.
The new presidential candidate has eclipsed even the rapidly mobilized Barack Obama army via the internet. A 16-year-old high school student in Montgomery, Alabama, Raj Vachhani watched Stephen Colbert (pronounced as all the hip world knows as col-bare. He announced formation of 1 Million Strong for Stephen T. Colbert. The drive has grown to more than a million members in just over a week, making it the most popular political group on Facebook thus far. Obamas 1 Million Strong variant took more than 8 months to get 750,000 members. As of when I write this, the Colbert army has expanded to 1.3 million.