Get that sinking feeling?

What a whirlwind. So the Fed cut rates by another 50 basis points right after painful fourth quarter (barely any) growth data is announced. McCain races ahead for the Republicans and Edwards drops out of the Dems contest. Super Tuesday looms and the President and Congress struggle to enact legislation that won’t inject any money into the economy until May at the earliest.

In polls voters become increasingly concerned about the economy ahead of Iraq and terrorism, but as noted before Republicans in the end will choose a tough guy candidate who will use fear tactics to get elected. With Rudy vanquished that leaves McCain, who readily admits the economy is not his strong suit. Fighting Islamofascists is and so that’s why McCain leads the Republican field. Romney hangs around for now adopting all the long-in-the-tooth Reaganomics formulas (tax cuts, tax cuts, tax cuts) which are unsustainable particularly when the government has been spilling red ink for the past seven years and pins hopes on overleveraged consumers to keep spending. And no matter how hard Mitt tries, he can’t muster the “don’t-mess-with-me-I’ll-blow-your-head-off” bluster that most Republicans crave. McCain may be over 70, but he’ll defend the homeland better than anyone else. Go surge go.