The current "word" from "reliable" polls is that the Security Moms will desert the GOP in November. It is my experience in selling various things to women that they regard family as the most important thing and Foley is simply something they will never swallow. Not liking the obvious (and politically incorrect) homosexual component of the Foley thing simply leads them into other areas to find fault with Republicans (a treasure trove of incompetence) and it won't take many "family values" women to change the Congress. I'd say it's over, at least for '06.

Stock Market: the GOP loss and the real possibility of a tax hike and Bush impeachment are "in the market." What isn't in the market is the sudden rise in wheat prices, good for farmers bad for the rest of us. Prices are nearly $5 per bushel and the normal is around $3. You may not know this but wheat is used as animal feed all over the world but is less than 5% of the bread we eat. This, when coupled with rising crude prices (up $1.25) this AM, will mean higher inflation which in turn may mean higher interest rates.