Watching more videos and live-streaming of the ongoing CPAC conference (and waiting for the 4:30 announcement of the Conservative Journalism Award -- do you think I have a chance?), I have some news for you: the Republican Party is going to re-gain power by explaining to the American people that the economy would have been just fine if the United States Government had never offered to back GNMA mortgage securities with its full faith and credit. So, you know, watch out.
Senator Jim DeMint of South Carolina -- high on my list of potential '12 Pres. nominees -- was among many who have made this point at CPAC.