Free Markets, Free People
The following US economic statistics were announced today:
Durable goods orders plunged -5.2% in January due to a -19.8% drop in transportation orders. Ex-transportation, orders rose a strong 1.9%.
The Pending Home Sales Index rose 5.4% to 105.9 in January, solidly above expectations.
The MBA reports mortgage applications declined again last week, down -3.8%, with purchase apps falling -5.0% and re-fis down -3.0%.
I wondered, when Barack Obama was re-elected, how bad you had to be to be fired. Apparently worse than Obama, if that’s possible.
Now, with the confirmation of Chuck Hagel – another politician who has never run a large or complex organization and who was abysmal in his confirmation hearings – I have to wonder how bad you have to be NOT to be hired.
Apparently, worse than Chuck Hagel, if that’s possible:
Republicans siding with Democrats, the U.S. Senate voted Tuesday to confirm Chuck Hagel as President Obama’s secretary of defense, a nomination that drew strong opposition within the Republican former senator’s own party, with some troubled by past statements on Israel and Iran.
GOP Sens. Rand Paul (Ky.), Thad Cochran (Miss.), Mike Johanns, (Nebr.) and Richard Shelby (Ala.) supported Hagel in the 58-41 vote. No Democrats opposed him.
Again, let down by the GOP (the ‘good old boy club’ just couldn’t say no to a former member).
Anyone seeing a pattern here?