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At the beginning of the Clinton administration in the early 1990s, adviser James Carville was stunned at the power the bond market had over the government. If he came back, Carville said: I used to think if there was reincarnation, I wanted to come back as the president or the pope or a .400 baseball hitter. But now I want to come back as the bond market. You can intimidate everybody.

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Look, if George W. Bush and his Republican cronies walked on water, I'd be the guy out there yelling that they couldn't swim. But don't take it from me: we've now heard it from the military commanders and our intelligence community: George Bush's actions in Iraq have not made us safer. They've done the opposite.

Back in 2000 a Republican friend warned me that if I voted for Al Gore and he won, the stock market would tank, we'd lose millions of jobs, and our military would be totally overstretched. You know what? I did vote for Al Gore, he did win, and I'll be damned if all those things didn't come true!