The Spectacle Blog
From the WSJournal today, we learn that President Bush's visit to New Orleans yesterday was designed in part to bolster Mayor Ray Nagin's chances in his runoff for re-election against Lt. Gov. Mitch Landrieu. COME AGAIN?!?!?!?!?!?!? Every time I start to forgive this White House for all its errors and idiocies, it does something new that is so unfathomably wrongheaded that it makes me wonder if the combined brain power of the entire West Wing might be less than the intelligence of, say, James Madison alone -- on one of Madison's BAD days, when he has had insomnia and has a headache.
NBC and other news outlets have it terribly, terribly wrong on the Rove grand jury testimony earlier this week, and they keep getting it wrong in the face of the facts they know to be accurate. Today rumors were being circulated by NBC reporters that Rove was being called back for yet another round of questioning.
We've been informed by reliable sources that Rove was not distressed or worried about his testimony earlier this week. That things went well, that he answered the questions readily and that there were no surprises.
The grand jury that Patrick Fitzgerald is using is a sitting grand jury, which meets regularly on Wednesdays and Fridays. That it is hearing a case today -- this grand jury is not exclusive to the Joe Wilson scandal -- is no news. It hears cases all the time.
Remember, Rove is answering questions about events that he actually assisted Fitzgerald with. When Rove and his legal team discovered information that added to Rove's recollection, it was handed over to Fitzgerald immediately. And that evidence actually helped Rove's position.
I'd say it's less than 50/50 that good GDP numbers cause a market selloff today, Prowler. Fed Chief Bernanke said before Congress yesterday that the OMC was unlikely to raise interest rates at their next meeting, and might even be done with that for a while. I don't think Bernanke will be surprised by today's GDP numbers. According to this morning's IBD, "Futures markets adjusted their rate-hike projections on his comments. The chances of a quarter-point June hike fell to 34% from 66% on Wednesday. The market already has priced in a 16th straight hike, to 5%, for the Fed's May meeting."
Ok, ok, I'll grant you that the century is yet young. And that there is fierce competition for that title. But we may already have a winner.
Ari Richter writes in the Weekly Standard that the president should consider replacing Donald Rumsfeld with John McCain. John McCain?
Not only must Rumsfeld stay, for all the reasons I've written again and again. But were he to go, McCain would be precisely the wrong person for the job because his track record (the phony anti-torture amendment, for example) would leave too many in the military distrustful of him to ever function well as SecDef.
Among the interestingly incorrect assumptions in Richter's piece is his assertion that McCain would be easily confirmed by his Senate pals. Doesn't anyone remember John Tower? Guess not. And Tower was toppled in a time when the Senate was less fiercely divided on partisan lines.
Blundering bookwriters are having a good -- that is, terrible -- year. Joining the list of the sorrowful that includes failed autobiographer James Frey and the men who would sue Dan Brown, for writing about something they did too, is young Harvardian Kaavya Viswanathan. She takes a nice picture, and pictures never lie. But how many pictures worth of words did she lift unconsciously from two of her favorite books? Enough for a battle to loom; enough to establish a sad pattern of laziness and mindless reprocessing in the ding-dong world of big publishers. Line 'em up and whack away -- they won't get the message without taking their lumps.
Not a lot of tea-leaf reading to do here. The WSJ Online, based on comments from the Fed, is saying the the U.S. economy is churning into the second quarter with a full head of steam.
GDP numbers will be released tomorrow, and the rumors are that they will be impressive, perhaps more than impressive. This will again fuel inflation fears and the notion that the Fed is going to have to hang another quarter point of interest during its next meeting.
But with such good economic numbers - and don't forget, lost in this week's gas price hysteria were impressive consumer confidence numbers - one has to wonder: why isn't the White House doing a better job of getting its economic message out? And why aren't Republicans on Capitol Hill doing everything in their power to help get that message out?
Tiger Woods is as branded as a Texas steer. He has no business on the links wearing that filthy baseball hat with the Swoosh stitched across it. In the words of Hunter Thompson, may it become a flaming shroud. How long until Air Tiger golf shoes? Spare me.
On the other hand, we have golf to thank for permitting powerful people to conduct private conversations in what appear to be public places.