Jeb, Mack, Feeney and more for Dennis Ross

Republican Dennis Ross -- one of the few Republican legislators to challenge Charlie Crist's approach to property insurance -- formally kicked off his campaign for Adam Putnam's congressional seat today and rolled out a bunch of endorsements: former congressman Andy Ireland; Tom Feeney; Allan Bense; U.S. Reps. Connie Mack, Ginny Brown-Waite, Gus Bilirakis and Jeff Miller; Republican national committeeman Paul Senft; Polk GOP activist Jean Burt; Polk GOP chairman Gene Roberts; the Rev. Lynne Breidenbach; and Linda Ivell, president of the Florida Federated Republican Women. The biggest name? Jeb Bush, who said in a statement:

“I am pleased to endorse my friend, Dennis Ross, for Congress. In a time when far too many politicians go along to get along, Dennis is not afraid to take a stand or make tough decisions, regardless of the consequences. Dennis will remain true to our conservative principles in Washington, just as he has in Tallahassee. His record as a reformer is needed now more than ever. I encourage all of the voters of District 12 -– Republican, Democrat, or Independent -– to send Dennis to Congress.”

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Comments

Great work Dennis! Go get 'em!

Jeb Bush - the biggest liability.

Jeb Bush - the most intelligent leader in the state.

Jeb Bush - not even in office and let's keep it that way.

Rush Limbaugh - may be fatter than Jeb, not sure.

Great another elected official in the pockets of the insurance industry that is screwing Florida!

Game over.

The Jeb Bush Florida Legacy:

“Last in Education; First in Corruption!”

Jeb Bush - the best Florida governor ever.

Good Work Dennis!

Conservative believe in an absolute moral compass that is without our bodies. Its an ideal and, strives as we might, we are sinners--born sinners and fail. Even though we fail---we acknowledge our moral shortcomings and try to repair any damages to our relations hurt by our failures. And it is not hyprocrisy--it isn't.

Liberals believe that there is no moral absolutes---only personal consciences. So what feels right to you, then you should do it. It is a very primitive idea and it allows, even promotes, the debasement of humans. We are not better than the apes---indeed--we are cousins. Because there is not absolute beliefs--there are no hypocracies. So Democrats get to have their cake and eat it too.

[JEB]

With Lehman in the tank and my political career over, I have plenty of time to blog.

1:45, The reality that lay within the term “Conservative”, as applied in today’s American politics, can be found in the first three letters of the word itself.

http://www.palmbeachpost.com/opinion/content/opinion/epaper/2009/02/26/a14a_leadedit_jebscripps_0226.html

The Jeb Bush Florida legacy 1:38

So with all the Republican activists and leaders behind Dennis, where does Paula fit in?

[East Hills Dem]

I'm voting for Doug Tudor

NO MORE FAILED, RETRED, DO NOTHING POLITICIANS!

Spin it anyway you want junior... everybody know the facts...

The Jeb Bush Florida Legacy:

“Last in Education; First in Corruption!”

[Democracy of the Dollar]

Capitalism works because of the concept of the democracy of the dollar----producers/retailers fight for the consumer's vote with the dollar--and the consumer is very adept at getting the most for that dollar. So competition is fierce and throught that wealth is created.

Now government comes in and interfers with the dollar vote by putting in restrictions, requirement, favortism, subsidies, etc--and you get inefficient socialism--which we all know by history--doesn't work and makes us poorer.

So we elect Obama who is doing the socialist thing. Can anyone debate this truthfully---is this where we really want to go?

1:56 from examining her record I would say, the Democratic Party

[Capitalism for Corporations]

2:02 "Can anyone debate this truthfully?"

- Obviously not you.

[Reality]

The manipulation of “capitalism”, the “free market” & our government caused this problem. Moreover, there is no such thing as the “free market” anymore. And it all started when we gave up the gold standard and drove the malleable masses into the illusion that a 2-1/4” X 3-1/3” piece of plastic was liquidity.

The consumer no longer drives the market; the market drives the consumer… unless of course you actually believe that thousands upon thousands of consumers stormed the gates of… well, Gates… and demanded Vista. Which, by the way, will now force thousands of small business out of business within the next few years, because they can’t afford the market-forced conversion.

And of course you’d also have to believe that millions of parents (consumers) demanded an annual version of I-pod at $300+ a clip.

The free market concept was indeed a functional, applicable, and successful concept at one point. But as is the case with most good ideas, political and corporate corruption and greed has bastardized it beyond effectiveness.

That said… it is not irretrievable broken. Government must get out of the market and market out of government in order for both systems to recover and become effective once again.

Government must tend to “needs only” through relative necessary taxation required to provide said. And the market must be given free reign to market to the consumer’s “wants only”. But neither will succeed with an open and clear understanding of the delineation of the two functions.

1:55,

You are hilarious. I have heard that no less than 100 times here on the Buzz. Very original.

[Kenny Bania]

I applaud the Republicans for endorsing someone before the Primary is held. I hope the Democrats are smart enough to do the same for Doug Tudor. Waiting until September 2010 to give Doug their backing is a no-win situation for the party.

[2:32]

and who is better able to get there--or almost get there---liberal democrats or conservative republicans?

1:45, The reality that lay within the term “Conservative”, as applied in today’s American politics, can be found in the first three letters of the word itself.

Dennis won't even win the GOP primary, what a joke. There's a reason you don't see Putnam's name on this list.

[Key is: Reaganomics failed and conservatives and corporations are crooks.]

2:44 The Myth of the Free Market has been exposed by the current failure of our economy. We have been chasing after this fairy tale for 30 years, ever since Reagan began his campaign of deregulation, pollution, and unlimited growth. It turned out to be a reciepe for the creating the illusion of prosperity today by irresponsibly and unsustainably borrowing from the future.

The two main players were known as the Robber Barons (aka Corporations) and the Robber Politicians (aka Conservatives) who abetted them.

I "abetted" at the horse atrack once... does that count?

[Jim Jackson]

Tudor, Tudor, Tudor take it Doug

I wonder if this guy's personal wealth will quadruple or quintuple after two years in the House.

[former republican]

Bush can keep this guy from being elected just by lending his name.This introduction by jeb is like saying "this guy is an obstructionist from the hoover party".We the people will decide...

[How is Obama and the Democrats going to fund the budget with a 1.75T deficit. Cant be done.]

Treasuries fell for a third day as the government sold $22 billion of seven-year notes in the last of three auctions this week as it issues an unprecedented amount of debt to spur the U.S. economy.

Declines were led by 10- and 30-year securities. President Barack Obama’s administration forecast a budget deficit of $1.75 trillion in the fiscal year ending Sept. 30. That’s 23 percent higher than a forecast by economists at primary dealer Goldman Sachs Group Inc., and equivalent to about 12 percent of the nation’s gross domestic product.

“This mountain of supply isn’t going to go away any time soon,” said Kevin Flanagan, a Purchase, New York-based fixed- income strategist for Morgan Stanley’s individual-investor clients. “If Obama or Congress cannot offset some of the spending with tax increases, or in cutting back on other spending, then the difference has to be made up with Treasury issuance.”

The 10-year note’s yield rose seven basis points, or 0.07 percentage point, to 3.00 percent at 5:05 p.m. in New York, according to BGCantor Market Data. It slid to a record low of 2.04 percent on Dec. 18 and averaged 4.65 percent in the past decade. The 2.75 percent security due February 2019 fell 18/32, or $5.63 per $1000 face amount, to 97 30/32.

The 30-year bond yield increased eight basis points to 3.67 percent. The two-year note yielded 1.09 percent after touching 1.11 percent, a three-month high.

U.S. stocks declined, with the Standard & Poor’s 500 Index falling 1.6 percent after earlier gaining as much as 1.9 percent.

‘It Never Ends’

Treasuries pared losses after today’s seven-year note sale yielded 2.748 percent, compared with an average forecast of 2.715 in a Bloomberg News survey of seven trading firms. The government last issued seven-year notes in April 1993, when it sold $9.76 billion at a yield of 5.58 percent.

The seven-year auction’s so-called bid-to-cover ratio, which gauges demand by comparing the number of bids to the amount of securities sold, was 2.11. Indirect bidders, a class of investors that includes foreign central banks, were awarded 38.7 percent of today’s sale. Comparable data is not available from the government.

The government sold a record $94 billion of notes this week.

“The biggest difficulties will be in the next few seven- year auctions,” said William O’Donnell, a U.S. government bond strategist at UBS Securities LLC in Stamford, Connecticut, one of the 16 primary dealers required to bid at Treasury auctions. “We’re going to get a very hefty slug of supply. As the saying goes, if you miss an auction this week, you’ll get another auction next week. It never ends.”

Possibility of Default

The U.S. is borrowing so much that it may have trouble paying the money back, said Jaemin Cheong, a bond trader in Seoul at Industrial Bank of Korea, the nation’s largest lender to small- and mid-sized companies.

“Yields are headed higher,” Cheong said in an interview. “More issuance will be needed to support the economy. The possibility of default is more and more as time passes.”

The government is depending on overseas investors to help fund its $787 billion economic plan. China is the largest overseas holder of Treasuries, with $696.2 billion, followed by Japan, with $578.3 billion.

The administration forecast gross domestic product to shrink 1.2 percent in 2009, followed by 3.2 percent expansion in 2010. That’s more optimistic than economists’ estimates for a 2 percent contraction this year and 1.8 percent growth next year, according to the median forecast in a Bloomberg News survey.

The White House forecast an annual average yield for 10-year Treasury notes of 2.8 percent this year and 4 percent in 2010.

China’s Three Elements

The 10-year note yield will reach 3.08 percent by the fourth quarter of this year, according to the weighted average of 58 economists surveyed by Bloomberg News, and 3.69 percent by the second quarter of 2010, according to the weighted average of 43 economists.

China’s top banking regulator said today the country will pay attention to safety, liquidity and profitability when deciding whether to buy more U.S. debt.

“How much we will invest in U.S. Treasuries will depend on the three elements,” said China Banking Regulatory Commission Chairman Liu Mingkang at a press conference in Beijing.

Losses by U.S. Treasuries are 0.3 percent in February and 3.4 percent so far in 2009, compared with a 1.7 percent gain in the same period a year ago, according to Merrill Lynch & Co.’s U.S. Treasury Master Index.

The yield gap between two- and 10-year notes widened by four basis points to 1.91 percentage points.

TED Spread

Money markets show the world’s biggest banks see no recovery before 2010.

The so-called Libor-OIS spread, a measure of banks’ reluctance to lend, rose above 1 percentage point last week for the first time since Jan. 9. Contracts traded in the forward market indicate the gauge will remain higher for the rest of the year than before Sept. 15, when the bankruptcy of Lehman Brothers Holdings Inc. froze credit markets.

The difference between what banks and the Treasury pay to borrow money for three months, the so-called TED spread, rose to 99 basis points from 91 basis points on Feb. 10.

[Protect Free Markets]

The market entrepreneurs, such as Hill, Vanderbilt, and Rockefeller, succeeded by producing a quality product at a competitive price. The political entrepreneurs such as Edward Collins in steamships and in railroads the leaders of the Union Pacific Railroad were men who used the power of government to succeed. They tried to gain subsidies, or in some way use government to stop competitors. The market entrepreneurs helped lead to the rise of the U. S. as a major economic power. By 1910, the U. S. dominated the world in oil, steel, and railroads led by Rockefeller, Schwab (and Carnegie), and Hill. The political entrepreneurs, by contrast, were a drain on the taxpayers and a thorn in the side of the market entrepreneurs. Interestingly, the political entrepreneurs often failed without help from government they could not produce competitive products. Andrew Mellon an entrepreneur in oil and aluminum became Secretary of Treasury under Coolidge. In office, Mellon was the first American to practice supply-side economics. He supported cuts on income tax rates for all groups. The rate cut on the wealthiest Americans, from 73 percent to 25 percent, freed up investment capital and led to American economic growth during the 1920s. Also, the amount of revenue into the federal treasury increased sharply after tax rates were cut.

The John Birch Society is active today on this blog.

[Despite what the wingnuts say, people are just plain sick of conservatives.]

Republicans certainly are in an unfamiliar wilderness. In 1993, Democrats had control of Congress and the White House, but Bill Clinton's meager 43 percent of the vote bridled Democrats' mandate. Not since Lyndon Johnson has conservatism had so little power in Washington.

Today, just three in 10 Americans "trust" Republicans more than Democrats "to do a better job in coping with the main problems the nation faces over the next few years," according to the latest ABC News/Washington Post Poll. Fifty-six percent of those polled have more trust in Democrats, the party's highest level of public confidence since the question was first asked in 1982.

Dennis Ross is our guy especially in Polk County.

LET'S SEE WHO ADAM PUTNAM ENDORSES.

The fact Dennis Ross is one of a few Republicans who has actually been criticial of Crist will motivate me to raise money for him.

He is a class act. He will make a fine representative.

Hey, Hey Paula....why don't you run for this?

Most of those named are long gone from public office, and the others are nobodies. Is this the best he can do? Sounds so last decade.

[Had Enough]

Make no mistake - this was done so that Paula would get the message loud and clear - "Run, and you will get no party support." Repubs are good at this, i.e. squash out anyone they don't want before they even get into the primary. It is the main reason why their side keeps moving more and more to the right.
I can't wait to work for Doug Tudor!

[If you are represesnting me in DC]

Then how come you are allowing Pelosi to run roughshod over the military and getting jets on stand-by for her every traveling whim?