Arlen Specter, unprincipled hack, officially announces he is now a Democrat. They can have him. Olympia Snowe (R-Maine), says it didn't have to be this way. Is this just another sign of the demise of the GOP? I don't think so, but I'm not going to rule it out. If President Obama succeeds in radically altering the way in which our lives are lived by expanding the size and reach of government, then we may see another several decades of a diminished GOP facing a bigger Democratic Party, as we saw from 1933 to 1968. Still, I wouldn't put any money on any prediction. All it takes is a big war, or a big pandemic, or some other "unknown unknown" to throw a monkey wrench into the works.

New numbers show the economy shrank more than expected during the first quarter of this year. Meanwhile, more jobs go away, as my former employer, Clear Channel, cuts 590 people across the country.