Thursday, October 22, 2009

A few months ago, pundits were about to drop New Jersey Gov. Jon Corzine for dead. Scandals and the stench of his association with Goldman Sachs were going to lead him off a cliff. Well, not so fast my friends. Looks like there's been a left turn in New Jersey.

Despite a turnabout in New Jersey, Republicans haven't felt this good since prior to the 2006 midterms. The GOP set a non-election year monthly fundraising record in September (WSJ), and that should help them compete for House seats Republicans lost in 2006 and 2008.

China is the big winner this recession. Says who? Good question. Says Fareed Zakaria. You know him. He's the guy always on the Daily Show. Why? China entered the Great Recession better prepared than almost every other country. Strong reserves, a government surplus and they limit excessive credit-taking and risk.

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