Rates of Wrath  —  Not good news in stock markets — but you really have to look at the bond markets to get the full awfulness of the situation.  —  The US 10-year bond rate is now down to 2.5%.  So much for those bond vigilantes.  What this rate is saying is that markets are pricing …

Wrong And Right  —  Bruce Bartlett and others send me to this eloquent David Frum piece, which concludes: … The knee-jerk response of commenters is “But the Obama stimulus failed, deficits, yada yada.  Also, Krugman has a beard.”  Or something like that.

DEBT DEAL DOESN'T RESCUE OBAMA FROM FLORIDA CRASH, QUINNIPIAC UNIVERSITY POLL FINDS; ROMNEY CLOSES GAP IN 2012 PRESIDENTIAL RACE  —  The national debt ceiling deal does not rescue President Barack Obama's crashing job approval rating in Florida as he gets a negative 44 …

Inside the Huntsman ‘drama’  —  A blistering internal feud in the Jon Huntsman presidential campaign is erupting into public view, with dueling camps trading charges and an exodus of campaign officials.  —  And now, a longtime family friend tells POLITICO that Huntsman's wife and father fret …

Reid announces deal to end FAA furloughs  —  The Senate will pass the House's bill to fund the Federal Aviation Administration through September to end the week-and-a-half-long partial shutdown of the agency, Senate Majority Leader Harry Reid (D-Nev.) announced Thursday.

Romney signs marriage pledge  —  Former Gov. Mitt Romney has joined Rep. Michele Bachmann and former Sen. Rick Santorum in signing a pledge to oppose same-sex marriage on a number of specific fronts.  —  The three candidates signed the pledge advanced by the National Organization for Marriage …

Perry Takes Jab at Romney  —  Texas Governor Rick Perry says he's happy to integrate good ideas from other states into Texas government.  He also says he'll stay away from programs that have been “failures” like former Massachusetts Gov. Mitt Romney's statewide health care program.

Happy birthday?  —  How much don't we know about Barack Obama as he nears the end of his third year of White House occupation?  —  Well, he claims today is his 50th birthday.  —  Yet, incredibly, it is still only an unsubstantiated claim - and, perhaps, more suspect than ever.

Obama's big drags  —  The politics of the debt fight were a drag for President Barack Obama, yanking his popularity to new lows.  Here's an even bigger drag: Obama emerges from the months-long fracas weaker - and facing much deeper and more durable political obstacles - than his own advisers ever imagined.

Even Marked Up, Luxury Goods Fly Off Shelves  —  Nordstrom has a waiting list for a Chanel sequined tweed coat with a $9,010 price.  Neiman Marcus has sold out in almost every size of Christian Louboutin “Bianca” platform pumps, at $775 a pair.  Mercedes-Benz said it sold more cars last month …

Cartoonist Targeted With Criminal Probe For Mocking Police  —  RENTON, Wash. — The Renton City Prosecutor wants to send a cartoonist to jail for mocking the police department in a series of animated Internet videos.  —  The “South-Park"-style animations parody everything from officers having sex …

Satirical mints poking fun at Obama pulled from UT bookstore  —  Web Search powered by YAHOO! SEARCH  —  PHOTO BY SAUL YOUNG, COPYRIGHT © 2011 // BUY THIS PHOTO  —  Boxes of breath mints, like this one pictured at Vice Chancellor for Communication Margie Nichols' office on Wednesday …

Pawlenty: Natural causes led to warming  —  Tim Pawlenty is chalking up global warming almost entirely to natural causes.  —  The Republican presidential candidate who once cut commercials advocating for cap-and-trade legislation while serving as Minnesota governor told the Miami Herald …

U.S. incomes fell sharply in 2009  —  (Reuters) - U.S. incomes plummeted again in 2009, with total income down 15.2 percent in real terms since 2007, new tax data showed on Wednesday.  —  The data showed an alarming drop in the number of taxpayers reporting any earnings from a job …

Pelosi: Republicans Aren't Interested In Deficit Reduction, They Are Interested In Destroying Government  —  In an interview with ThinkProgress and other online reporters this morning, House Democratic Leader Nancy Pelosi (D-CA) flatly asserted that Republicans were not interested in deficit reduction.

Presidential Power  —  I apologize in advance for indulging in a wonky process post yet again today ("more boy talk," as Twitter follower Stella calls it), but I want to repeat a point that I haven't made for a while.  It got kicked off by this tweet from Dave Roberts:  —  My answer: No, he just has the easiest job.

Pressured by White House, Treasury Secretary Is Expected to Stay at Post  —  WASHINGTON — Timothy F. Geithner, the Treasury secretary and dean of President Obama's economic team, is expected to stay through the president's term after intense White House pressure, according to officials familiar with the discussions.