First I should note that I will be phasing down my contributions on this
Pundits blog soon, to devote more attention to other national websites
that seek original content. Before continuing my series about why Texas
(and Florida) are going blue, check out my new column "Break up the banks."
I can report serious interest from some in high finance about the
suggestion for a dramatic cut in capital gains taxes for investors in
banks that voluntarily break up the "too big to fail" institutions. For
today, I have an idea to accelerate the story of Texas (and Florida)
going blue, a theme that is exciting Texas Democrats and interesting a
growing number of national media including, now, Politico. Demographics are destiny. The blue future for Texas and Florida is certain. The question is when.
Rick Perry will not be reelected governor of Texas. Odds are 60
percent he does not run for reelection, 60 percent he is defeated in a
primary if he runs, and 50 percent he is defeated by a Democratic
nominee if Perry wins a primary and Texas Democrats choose a strong
Meanwhile, the speech by Sen. Marco Rubio (R-Fla.)
answering President Obama means nothing politically, while his conduct
in the coming immigration debate means everything, which brings me to
the GOP retoot. Contrary to assertions from many there is no GOP
"reboot," which implies the machine is turned off and turned back on
with defects removed. Instead we have a GOP "retoot," a slight change of
tone masking an underlying blood war within the GOP as Karl Rove
declares war against the right and Roger Ailes glides towards the
“It’s starting to look like Virginia could yet emerge in a leading role
among the states in respect of monetary reform,” say the editors of the New York Sun.
“The lower chamber of its general assembly has passed a bill to
underwrite a study of the feasibility of a monetary unit based on a
metallic standard. It is one of a number of states that are reaching
deep into the Constitution of the United States to protect themselves in
an era when the value of the dollars issued by the federal government
After a 237-year effort, Virginia has come to the
righteous conclusion that it is not God, guns and guts that makes the
earthly kingdoms — it is money. And Virginia’s are not the first
citizens in our times to call for states to cast their own coin.
Vermont’s are. California and Texas should follow.