Cash flows out of money markets have been accelerating, including $9 billion on Thursday. The president's serial assaults on every proposal other than massive tax hikes has clarified his willingness to take the economy down the panic road. Markets notice. Consumer confidence falls.
It really is time to shut down the Caddells and all the other talking heads who want to pretend all politicians are alike. They aren't. Some are very good and some are very smart. And others are like the Senate Majority Leader and the president. The good ones need to pass a bill and then craft a law. Now.