Repubs hold Wis. senate majority

Yes!

Democrats won two state Senate seats in Tuesday’s historic recall elections, but failed to capture a third seat that would have given them control of the chamber.

By keeping a majority in the Senate, Republicans retained their monopoly on state government because they also hold the Assembly and governor’s office. Tuesday’s elections narrowed their majority – at least for now – from 19-14 to a razor-thin 17-16.

Coming up, more:

Republicans may be able to gain back some of the losses next week, when two Democrats face recall elections.

It’s getting union monopolists’ feet off the Wisconsin neck, is what it is.

Stocks gained, good, but Fed impetus???

Lawrence Kudlow does not shrug off yesterday’s gains but sees Bernanke’s position as a quick fix with no good ending.

. . . if I had my druthers, I would promote growth through flat-tax reform, a regulatory rollback, lower spending, and a steady King Dollar linked to gold. In other words, more incentives for private-sector entrepreneurs and small businesses.

But like many I suspect the Fed would have no problem presiding over a cheaper dollar, which over time is an inflationist policy a tax hike on the economy.

Case of stopped clock being right twice a day, I guess.

In that vein, from the late Frank Chodorov:

“Private capitalism makes a steam engine;
State capitalism makes pyramids.”

A word to the wise is sufficient — but never cuts it with the stupid.