One Up, Two Down, One Wash, One Down

The 2000-page spending bill which should have been worked on all this year but which the Democrats wanted to pork up and cram through in the last couple of weeks of the year to avoid dealing with it during an election year is withdrawn due to bipartisan lack of support

Pandering continues and the unpaid-for unemployment extension, plus an unpaid-for tax cut, plus a bit of pork, is on the way to the President for his signature.

People who know what will be happening in their companies soon are selling their stock big time. Mish calls it one of the biggest warning bells in history.

And finally to the land of fruits and nuts, where even Governor (round 2) Moonbeam can't deny that the budget is borked and must be cut. His initial reaction is cut by 1/4 everywhere. The unions will piss and moan, but the budget might actually end up being cut in a meaningful way, now that the executive and legislative branches out there are both under the same (D) party. Oh, and they'll be needing to do some big-time cutting going forward as well, since they passed their own little see how much business we can chase out of state bill.