You do have to read to the bottom of Gallup’s poll results to find this critical finding.   American’s are watching with only 6% of those polled having no opinion.  Gallup’s Democratic bias is 5% on average.  Only 35% favor an increase in the national debt without significant budget cuts.

Via Hot Air.

With food and fuel up 10.5% already, Chinese imported goods inflation will have a crippling effect on the average American household.

The pundit answer is Progressives are numerically illiterate.  But this isn’t the question Progressive are asking, although the answer does require a few basic math skills.

First, New York broadcast legacy  media, CBS, ABC, and NBC are all Progressive megaphones blasting away chatting up the Democratic Party talking points leaving the rank and file Democrats with the impression they’re the majority, and Conservative Fox cable  news as the minority.  In fact the Tea Party Patriots and Tea Party Express reflect the views of 48% of voters as Rasmussen Report April 5 poll notes.  The other 52% of voters, of 156 million, are split between Conservatives, New Democrats, Blue Dog Democrats, and Progressives.  NY legacy Progressive media is viewed by less than 9 million voters out of 156 million total.

The Tea Party media is online, Drudge Report alone had 1 billion page views in March and reaches more voters than NBC;  online Newmax, Instapundit, Red State, Powerline,  and hundreds of other blogs are viewed by millions of Tea Party voters.  NY broadcast media’s narcissistic computation that Progressives represents the majority view is completely false.  In fact, less than 25% of voters are Progressives (Blue Dogs and New Democrats being almost 40% of Democrats).

Second, the heart of the Tea Party is in formerly Blue Dog Democrat states like Wisconsin, Minnesota, Indiana, Kansas, Missouri,  Kentucky, Alabama, Arkansas and 2o other formerly Democrat or split  states.  The Progressives are wiping out their own Party!  Before the 2010 election there were 79 Progressive Caucus members in the House, 67 Blue Dog Caucus, and 41 New Democrats.  Today there are still 79 Progressive Caucus members, just 17% of House seats, and 80 new Tea Party Caucus House seats, 17% of the House, while Blue Dog and New Democrat House seats were wiped out.  Progressives are less than 25% of voters, but being numerically illiterate believe Progressives are a majority.  Progressives lose but can’t figure out why.  Ah… 25% is not 51% of voters, that’s why.  Progressives need the Blue Dogs to win, but now the Blue Dog voter voted for the Tea Party because of its platform. “No Deficits.”  These voters “do” math.

There are 14 Blue Dog Democrats still in the Senate coming up for re-election in 2012 and 2014.  Three of these have decided not to run because being re-elected is hopeless.  Charlie Cook, of Cook Political Reports, does the math for Democrats.  Cook projects Democrats will lose control of the Senate in 2012.  This is simple.  The eight Blue Dog senate seats will be won by the Tea Party, and Republicans will have a majority in the Senate, that’s because 43 + 8  = 51.  But is more likely to be 53 because there are Conservatives running too.

Progressives believe cutting 4% of a $1.6 trillion dollar deficit amounts to massive cuts in federal spending, except for the other 96% of deficit spending.

The Tea Party Patriots have just one platform, which is extremely complex, difficult and indecipherable to Progressives.  ”No Deficits.”  That all.  That’s it.  The entire Tea Party policy.  Just “No deficits.”

The pundits are right, Progressives are getting their butts kicked because they’re numerically illiterate.

With a $1.5 trillion deficit, cutting or not cutting spending less than 1% of the total budge is diminutive– not worth shutting the government down… over a budget for the year ending this summer.  ?

Take a break Mr. “Hoops”  President!  Go have some fun Congress Kids!  Someday, maybe, you’ll grow up.

Local markets are different.  California has a one year hidden inventory of unlisted REOs, not yet foreclosed defaulted mortgages (320,000),  and homeowners in default without recorded notices of  default, with a total shadow inventory of 464,000 homes and listed inventory of 142,000.  Further,  California has a price to rent ratio  much higher than other markets in most of the state, 1.4x ; a much lower median income to price ratio in coastal California, and a much higher unemployment rate than the rest of the nation, 12.7%.

I agree with Fitch’s rating service– coastal California can expect to see a further 35% decline in home prices in 2011-2012.  Not calculated is the projected negative domestic migration out of coastal California the Legislative Analysts Office estimates at -224,000 for 2011.

Nationally the projections are good for housing.  But it doesn’t fix the broken mortgage market which could change these projections.

The Tea Party Caucus with 68+ members in the House exists, and it isn’t the Liberty Caucus with 13 members which, of course, consists of Libertarians.  Ron Paul the outspoken long term spokesman for Libertarians is not a member of the Tea Party Caucus, and refused to join.

The Tea Party consists of American Values Voters, historically populists, who don’t have, don’t want, and don’t believe in ideologies, even those ideologies like Libertarianism that have some vague similarity to their voting values, which include, voting for candidates who are truthful and appear honest; who oppose government corruption and special interest legislation, and among other things, distrust government.

That tens of millions of American Value Voters exist, as they have existed for at least 190 years, not in NY or New England, but in rest of the US seems to be beyond the comprehension of progressive NY journalists who seem to never have taken a course in US history, of if they did, forgot US history.  This is aside from the fact they miss the obvious in the current makeup of the Congress.

Progressive journalists in NY don’t understand the history of the nation as this is not the second or third populist rebellion against NY elites, but the fifth in the last 210 years.

The proposed Repeal Amendment is just one of 12 proposed Amendments being discussed by 30 state governors, 19 of them being Tea Party endorsed… so far.  How many Progressive state governors are there?  Nine, down from 13, and all with failing economies and decreasing or static populations including NY and CA.

This Congress couldn’t pass a federal budget for 2010; and hasn’t made up its mind on anything since the Health Care bill…  aftermath.  This is Dec. 17th, and Congress runs out of time on Jan. 4th.

Democrat voters favor this compromise by 68%, Independents by 68%, and Republicans by 75%.

The 111th Congress reminds me of a Jackrabbit caught on the road, first it runs one way, then another, trying to dodge, then it goes thump.

It looks like a Thumper.

Maybe next year the 112th Congress will be more aligned with the desires of The People.

Federal Reserve Chairman Ben Bernanke appeared on 60 Minutes this week to sell the Fed’s quantitative easing, print money, policy to the public just like any other politico.

Defeated Democratic gubernatorial candidates say they were not elected because Democrats are viewed by voters as “elitist” and “European.”  It is also no secret that 95% of the Obama Administration’s cabinet posts and political appointees are academics from “elite” universities .

Democrats have been unable so far to rebut this charge of academic elitism.

All nine  Supreme Courts justices are Harvard (5) or Yale (4) law school graduates.  Only Harvard or Yale law school graduates are considered as likely candidates for the nation’s high court.  But the nation has over 1200 law schools.

For twenty-two years only Harvard and Yale graduates have been elected President.

Ben Bernanke’s statement that he is “100% certain” the Fed can control inflation will be remembered.  Even if the Fed does control technical inflation, if mom’s finds groceries and products at Wallmart substantially more expensive as a result of Federal Reserve policy, then the academic economists at the Federal Reserve will get failing grades as both practical economists, and as political economists.

At stake for academics in elite universities in the US is the whole idea that academics can plan and manage the US economy, including industries like health care.  Who voters want in charge of the Federal Reserve are practical successful bankers.  Not academics.

Expect depreciation in the value of  Sheepskins if Chairman Ben and other elite academics now in charge of the US economy, legal system, and politics are unsuccessful.

The complete Bernanke’s interview on 60 Minutes is here.