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A day after Election 2010 one thing is clear: Sarah Palin, the moose-hunting former GOP vice-presidential candidate, just raised the stakes for a tea party-flavored 2012 presidential run that, let's face it, could start in a matter of months. To begin with, Ms. Palin's endorsement win-loss record was 27-15 (with eight races still undecided), coming amid a historic Republican midterm sweep of a kind the party hadn't enjoyed since the 1920s. Palin, who has become the "mama grizzly" embodiment of the antitax tea party and disaffected independents across the United States, accomplished two key goals with her contribution: She proved that, more than a year out of office, she is perceived as a Reaganesque player in national politics while at the same time laying a groundwork of new friends in suddenly high places. RELATED: Tea Party Top 10 biggest winners and losers But the former Alaska governor also played a role in thwarting a GOP Senate takeover, pretty much hoisting Christine O'Donnell and Sharron Angle past more mainstream Republican primary contenders who may have won on Nov. 2 每 possibly giving the GOP a majority. Consequently, Palin's hit-and-miss effect on Election Day has reinvigorated a debate within the GOP about whether a Palin presidential candidacy would work against President Obama, who is all but certain to run, in 2012. "In terms of Sarah Palin's influence, the picture is mixed," says Costas Panagopoulos, a political scientist at Fordham University in New York and editor of Campaigns and Elections magazine. "While Palin's influence in the [2010] general election was actually rather mild, the success that she's had in this election cycle in remaining a player in national politics and having the capacity to mobilize voters across this country still makes her a force to be reckoned with." Palin's misfires Magnifying Palin's misfires, two high-profile candidates whom the news media tracked extensively 每 Ms. O'Donnell and Ms. Angle 每 lost in the election, in O'Donnell's case by double digits. Dustups like O'Donnell's "I am not a witch" ad and Angle's awkward characterizations of ethnic teens fed into perceptions that a Sarah Palin-inspired tea party is, at its core, fringe and ultimately unlikely to find its way to the White House.
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Federal Reserve Chairman Ben S. Bernanke said resuming large-scale asset purchases should boost economic growth through lower borrowing costs and higher stock prices and that concerns about the strategy are ※overstated.§ ※This approach eased financial conditions in the past and, so far, looks to be effective again,§ Bernanke said today in an opinion article for the Washington Post released hours after the Fed announced the $600 billion of Treasury buying through June in a second round of unconventional monetary stimulus. Central bankers in the world*s largest economy are struggling to bring down a jobless rate that has persisted at 9.5 percent or higher for 14 months. U.S. payrolls have declined for four straight months as employees hired for the census were fired and state and local governments eliminated positions to balance budgets. ※Stock prices rose and long-term interest rates fell when investors began to anticipate this additional action,§ Bernanke said. ※Easier financial conditions will promote economic growth.§ The Fed said in its statement earlier today that progress has been ※disappointingly slow§ in bringing down joblessness close to a 26-year high and that the asset purchases will ※promote a stronger pace of economic recovery.§ Bernanke said that while ※asset purchases are relatively unfamiliar as a tool of monetary policy, some concerns about this approach are overstated,§ including the idea that the money supply will expand too much and eventually lead to a surge in inflation. The Fed*s previous asset purchases did not result in higher inflation, and ※we are confident that we have the tools to unwind these policies at the appropriate time,§ Bernanke said. Preferred Gauge The Fed*s preferred gauge for consumer prices, which excludes food and energy, rose 1.2 percent in September from a year earlier, the slowest pace since 2001. Fed policy makers have a long-run goal of 1.7 percent to 2 percent inflation they see as consistent with achieving legislative mandates for maximum employment and stable prices. Bernanke said the Fed could ※hardly be satisfied§ with an unemployment rate near 10 percent and inflation lower than what Fed officials aim for in the long run. Bernanke defended Fed efforts to raise inflation, saying that ※although low inflation is generally good, inflation that is too low can pose risks to the economy -- especially when the economy is struggling.§ ※In the most extreme case, very low inflation can morph into deflation,§ he said. That can ※contribute to long periods of economic stagnation,§ Bernanke said. Bernanke said that low and falling inflation indicates that the economy has many idle resources and that further monetary policy efforts will not cause the economy to overheat. The Fed chief*s last newspaper op-ed was in November 2009, opposing legislative proposals to strip the Fed of bank- regulatory powers and allow audits of monetary policy.
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Claiming Randy Moss off waivers Wednesday made sense for the Titans〞a playoff contender led by the longest-tenured coach in the NFL. Jeff Fisher is a player's coach on solid ground, unlike Brad Childress of the Vikings (2-5), who is under fire because of his team's struggles and the failed Moss-to-Minnesota trade. The Titans (5-3) already were winning, and they did not surrender any draft picks or players for Moss. If Moss acts out, Fisher can release Moss and move on. However, Fisher hopes Moss will be a big-play threat without bringing big-time problems. "We had an opportunity to upgrade our offense, and Randy has been a tremendous threat wherever he has been," Fisher said in a statement. "We will bring him up to speed as quickly as possible." Moss is both talented and eccentric, so there are no guarantees he will work out with the Titans. Already this season, both the Patriots and Vikings have sent Moss packing. Even Brett Favre, who was thrilled when the Vikings traded for Moss on Oct. 6, admitted Moss' effort varied play-to-play. "Did he hustle every play?" Favre said Wednesday. "I don't know if Randy's ever hustled every play. That's just Randy." However, here are five reasons why Moss makes sense for the Titans: 1. Fisher. He has not last 17 years as an NFL head coach without deftly handling strong-willed players (see: Albert Haynesworth). Fisher said numerous Titans players begged him to pursue Moss after he was surprisingly waived Monday night by the Vikings. Fisher obliged. But in return, Fisher asked his locker room leaders to help keep Moss from blowing up the team's chemistry. 2. Money. The Titans only have to pay Moss' salary for the final nine games, almost $3.4 million. Meanwhile, Moss wants a new contract. If this marriage with the Titans ends in failure, Moss will further damage his market value. According to an NFL Network report, the Titans were the only team that put in a waiver claim for Moss. Teams desperate for wide receiver help like the Bears, Rams, Redskins and Seahawks all passed on Moss. If that does not get Moss' attention, nothing will. Moss must show NFL general managers and coaches his best side, not his worst, or he never will get anything close to the money he seeks in the free-agent market next spring. 3. Style. Moss' game fits the Titans. Quarterback Vince Young can throw deep, and All-Pro running back Chris Johnson demands extra attention. Moss' mere presence outside will make opponents reluctant to crowd the box to stuff Johnson. 4. Timing. The Titans have a bye this week, giving Moss extra time to learn the offense before the Nov. 14 game at Miami. Meanwhile, Titans wide receiver Kenny Britt (hamstring) already has been ruled out for that game. That makes Moss' acquisition even more opportune. 5. Winning. Moss in a losing situation is a recipe for trouble. But Moss with a solid team like the Titans gives this a decent shot to work.
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