Give and Take...
If we are to believe that politics are the legal equivalent of warfare, we should anticipate a bloodbath in the November elections for the Democratic Party. It is not so much the Democrats fault that the economy is still in the tank but, they are simply the party in power now... and people are getting tremendously impatient with the recovery... or lack thereof.
One issue that will have dire consequences for the upper 1% of Americans is the Bush-era tax cuts. The mid-term election is as much about the economy as it is about the needs of this country's elite. And, it is my belief that we will have a series of bad reports this week which will tighten the noose around the neck of Democratic incumbents... Simple skate-goats for a much bigger cause.
As for Cuyahoga county there is a real opportunity for change... and a pro-business county leadership will help grow Cleveland. And once the growth is over, then liberals can return to give it all away again...
DATE REPORT CONSENSUS PREVIOUS
Sept. 20 Home builders' index 13 13
Sept. 21 Housing starts 530,000 546,000
Sept. 23 Jobless claims 458,000 450,000
Sept. 23 Existing home sales 4.10mln 3.83 mln
Sept. 23 Leading indicators 0.2% 0.1%
Sept. 24 Durable goods orders - 1.4% 0.4%
Sept. 24 New home sales 300,000 276,000
Sept. 20 Home builders' index 13 13
Sept. 21 Housing starts 530,000 546,000
Sept. 23 Jobless claims 458,000 450,000
Sept. 23 Existing home sales 4.10mln 3.83 mln
Sept. 23 Leading indicators 0.2% 0.1%
Sept. 24 Durable goods orders - 1.4% 0.4%
Sept. 24 New home sales 300,000 276,000
