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January 21, 2011



Obama has shot his wad on the economy, pardon the vulgarity. With the GOP controlling the House, his options are now severely limited.

He gave a good speech in Tucson. In addition,it's possible that his rock solid African American support means he will never fall below a certain point in the polls - if 15% of the population is 95% plus in your favor, that's surely going to help, although I'm no mathematician.

Obama remains fortunate in that the GOP has no candidate. Real unemployment is close to 20%. Nobody seems terribly worried about this.

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