Manchin Skipped Senate Votes For Christmas Party

Talking Points Memo reports:

After the Senate broke a GOP filibuster on Don’t Ask, Don’t Tell earlier today, Sen. Joe Manchinreleased a statement saying he had concerns about the “timing” and “implementation” of a repeal.

But it seems he took even more issue with the timing of the vote itself, seeing as he skipped the vote altogether to attend a Christmas party.

Sen. Joe Lieberman (I-CT) told reporters at a press conference that Manchin said he had an out-of-town “family thing” and wouldn’t make the votes, according to the?Washington Post.

Manchin spokesman Sara Payne Scarbro elaborated to the Charleston Gazette in an email, saying that he and his wife “planned a holiday gathering over a year ago with all their children and grandchildren as they will not all be together on Christmas Day.”

“While he regrets missing the votes, it was a family obligation that he just could not break,” Scarbro said. “However, he has been clear on where he stands on the issues.”

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Rand Paul to Write Tea Party Book

Bluegrass Politics reports:

FRANKFORT – It won’t be available for holiday gifts this year but U.S. Sen.-elect Rand Paul of Bowling Green is writing a book entitled “The Tea Party Goes to Washington.”

The book will be about Paul’s plan and the Tea Party’s platform “to bring the U.S. government more in line with the Constitution and the Bill of Rights, to stop spending money the country doesn’t have, to stop borrowing, to balance the budget and reduce the size of the government,” said a release Monday from its New York publisher, Center Street.

Paul, a Republican and a favorite of the Tea Party movement, defeated Democratic state Attorney General Jack Conway earlier this month to replace retiring GOP U.S. Sen. Jim Bunning of Northern Kentucky.

Paul could not be immediately reached for comment about the book. His campaign manager, Jesse Benton, said in an e-mail, “Stay tuned for more, it is sure to be exciting.”

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Time To Party In Tupperware With The Stock Pulling Back

Seal in a low basis in TUP

In case you missed the Tupperware party during the fall season, consider this week’s 2% correction an invitation to arrive fashionably late.

The “Tupperware space” was a big winner over the past two-plus months. Since September 2, Jarden Corporation, Newell Rubbermaid, and of course Tupperware Brands have rallied 12.9 percent, 10.7 percent, and 14.2 percent, respectively. This past week, Newell and Jarden bent to the market’s force, providing opportunities for those who didn’t join the party.

Since hitting a 6-month high in October, tupperware and diversified consumer products producer Jarden Corporation are down a little over 4 percent, serving to drastically repair Jarden’s technical picture. Over that time, Jarden’s relative strength index (RSI) has improved from an overbought position above 75 to a reading near 47, and the stock’s slow stochastics have fallen from an overbought reading above 80 to below 40.

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Jarden stock has been consolidating and building support following profit taking in the wake of Jarden’s third-quarter earnings report last month, potentially preparing for a new rally.

The charts for Georgia-based Newell Rubbermaid?appear even more favorable. The stock formed a rounding top pattern, but volume has been steadily declining on the downturn. Newell, who also produces writing instrument brands like Sharpie and Papermate, in addition to other products, features an RSI near 37 and slow stochastics below 12, both being indicative of an oversold position. Currently priced near $17.14, look for Newell’s technicals to form a bottom before a potential retracement to the 10-day exponential moving average and to the last strong-volume open price near $17.93 which occurred on November 5.

Newell?also has?the advantage being?priced at 19-times earnings, versus Jarden which trades at a rich price-to-earnings multiple of 47. Yet both stocks?have strong short-term potental based on the charts. Although Newell and Jarden offer extremely modest annual dividend yields of about one percent, compared with Tupperware Brands’ two percent, both stocks may be sending out?invitations to buy the dips.

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Time To Party In Tupperware With The Stock Pulling Back

Seal in a low basis in TUP

In case you missed the Tupperware party during the fall season, consider this week’s 2% correction an invitation to arrive fashionably late.

The “Tupperware space” was a big winner over the past two-plus months. Since September 2, Jarden Corporation, Newell Rubbermaid, and of course Tupperware Brands have rallied 12.9 percent, 10.7 percent, and 14.2 percent, respectively. This past week, Newell and Jarden bent to the market’s force, providing opportunities for those who didn’t join the party.

Since hitting a 6-month high in October, tupperware and diversified consumer products producer Jarden Corporation are down a little over 4 percent, serving to drastically repair Jarden’s technical picture. Over that time, Jarden’s relative strength index (RSI) has improved from an overbought position above 75 to a reading near 47, and the stock’s slow stochastics have fallen from an overbought reading above 80 to below 40.

Special Offer: Make the most out of gold’s phenomenal move higher but don’t get left holding the bag when it’s time to run. Click here for instant access to market timing analysis and specific gold, silver and hard asset model portfolios in Curtis Hesler’s?Professional Timing Service.

Jarden stock has been consolidating and building support following profit taking in the wake of Jarden’s third-quarter earnings report last month, potentially preparing for a new rally.

The charts for Georgia-based Newell Rubbermaid?appear even more favorable. The stock formed a rounding top pattern, but volume has been steadily declining on the downturn. Newell, who also produces writing instrument brands like Sharpie and Papermate, in addition to other products, features an RSI near 37 and slow stochastics below 12, both being indicative of an oversold position. Currently priced near $17.14, look for Newell’s technicals to form a bottom before a potential retracement to the 10-day exponential moving average and to the last strong-volume open price near $17.93 which occurred on November 5.

Newell?also has?the advantage being?priced at 19-times earnings, versus Jarden which trades at a rich price-to-earnings multiple of 47. Yet both stocks?have strong short-term potental based on the charts. Although Newell and Jarden offer extremely modest annual dividend yields of about one percent, compared with Tupperware Brands’ two percent, both stocks may be sending out?invitations to buy the dips.

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Rubio Distances Himself from Tea Party

WASHINGTON — When a French TV station set out to understand the American phenomenon known as the tea party, it sent a reporter to Florida, down a dusty country road, past a bug-swarmed pond, and into a Pasco County pasture filled with people waving American flags.

It was Oct. 30, three days before Election Day. The crowd had come to Hallelujah Acres Ranch to hear Republican Senate nominee Marco Rubio, frequently hailed — and claimed — as one of the tea party’s biggest success stories.

But the typically unflappable candidate seemed uncomfortable with the French reporter’s questions about his tea party ties, as he did when an admirer asked him to autograph a tea party banner.

If the tea party is expecting Rubio to plant its yellow “Don’t Tread on Me” flag in the hallowed Senate chamber, it’s in for a letdown. This career politician who once carried the state party’s American Express card defines himself first and foremost as a Republican.

Rubio’s pollster, Whit Ayers, tactfully put it this way: “I think he’ll carry the banner for hopeful and optimistic conservatism and whoever wants to follow that banner is welcome to join.”

PARTY LOYALTY

Rubio has already made it clear that he will not be a rogue senator. One day after the election, he declared his support for the GOP establishment when he said he looked forward to serving under Republican Leader Mitch McConnell. He didn’t mention Sen. Jim DeMint of South Carolina, viewed as the more ideologically pure conservative and alternative power center, who championed Rubio’s campaign early on.

Two days later, McConnell tapped Rubio to deliver the weekly GOP address.

Rubio, 39, struck a pragmatic tone at the post-election news conference held in Miami, saying Republicans and Democrats have to work together to tackle big, immediate problems like the national debt and the war in Afghanistan. He did not launch salvos at President Barack Obama, as he usually does, and said he would reach out to Florida’s Democratic Sen. Bill Nelson.

“Early on in the primary, a conservative group of passionate, well-intentioned people coincided with his beliefs and somehow he got this tea party label, which I don’t think is totally representative,” said Republican fundraiser Jorge Arrizurieta.

“Did he embrace and receive the support of the tea party? Absolutely,” Arrizurieta said. “But will he move away from being a real Republican candidate? No way.”

Tea party leaders still claim Rubio as their own. Among Florida voters, 39 percent said they supported the tea party movement. Rubio got 86 percent of that group.

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