The Nobel Prize committee does not hand out a prize for obstructionism in government. But if they did, Republican Senator Richard Shelby would certainly be the odds-on favorite to win it this year. Shelby is currently continuing to block Peter Diamond, President Obama's nominee to the Federal Reserve, from getting that "up or down vote" Republicans held so sacred not so long ago. According to Shelby, Diamond is not sufficiently qualified to serve on the Fed's board. Today, it was announced that Diamond had won this year's Nobel Prize for economics.

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The House Republicans' "Pledge To America" document, released last week with much ballyhoo, appears to not be quite the rallying cry they had hoped for. It seems that very few Republican candidates for office are embracing the Pledge as a ready-made campaign platform, or as some sort of blunt instrument to wield against Democrats. But none of this may matter, depending on how the media eventually decides to tell this story. Because the myth is always stronger than the reality, and the media simply loves simplistic storylines. Meaning the Pledge may indeed eventually be seen as the second coming of the "Contract With America." Which is, ultimately, even more ironic.

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But all of that is neither here nor there. The style of journalism known as "three-dot" was pioneered and perfected by the late great Herb Caen of San Francisco newspaper fame, and consists of stringing together many disparate items conjoined with a liberal usage of ellipses, or those three little dots which indicate "sentence trails off here" or, in journalism, sometimes "there's a bunch of stuff I cut out from this excerpt here." Three-dot journalism relies on the first, and more common, usage... to trail off... into vagueness... or even innuendo....

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Christine O'Donnell was going to appear on two nationally-broadcast Sunday political chat shows this weekend; Face The Nation on CBS, and Fox News Sunday. She appeared on neither, citing scheduling conflicts with a picnic in Delaware. Even Fox News didn't really buy this explanation, which is truly saying something. But it really should come as no surprise to anyone who has been paying attention this election cycle, because this appears to be the new Tea Party media strategy: "Don't talk to the media. Ever." What remains to be seen is whether it will work or not. If it proves successful, look for many future candidates across the political spectrum to copy this strategy in future races.

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First, though, we simply must wish ourselves a happy third anniversary. Woo hoo! Three years of FTP columns!

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You can forgive the pragmatic, establishment Republicans who run the national party machinery for feeling a bit besieged this morning. Because the Tea Party keeps continuing to storm the GOP's castle. The party regulars are manning the battlements, but to no avail. They see their stronghold being overrun by a mob over whom they have no control, and they are shaking in their boots at the prospect. You can picture these GOP faithful rushing about the castle's keep, desperately trying to convince the rabble that eating all the seed stores will result in famine next year, but to no avail as the Tea Partiers pillage at will.

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There's an upcoming debate on taxes and tax cuts which is likely going to define the rest of the 2010 midterm election season. This will be reported on and commented on by a wide array of people in the media, from all sides of the political landscape. But why is it that media "full disclosure" rules seem to be completely ignored during such debate by the punditry? Because by all rights, anyone in the media talking about raising income tax rates on the top two income brackets should have to disclose their possible conflict of interest in the debate. It wouldn't take much, just a simple declaration: "Full disclosure, I fall into the top tax bracket myself, so I would personally be affected by changing this rate."

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And dominate he did. Monday, he gave a rousing pro-worker Labor Day speech, Wednesday he gave a rousing speech on the economy, and Friday he held the first press conference he's held in months. Finally, the White House seems to have woken up and realized that "overexposure" of a president is a myth propagated by those who oppose him. The "bully pulpit" is there to be used, in other words, not there to gather dust until Fox News decides it is OK for the president to speak to the public.

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President Obama may be on the verge of a significant announcement -- the nomination of Elizabeth Warren to head the newly-formed Consumer Financial Protection Bureau. This is pure conjecture on my part, I have to admit right up front. But politically, it would indeed give the president a boost right when he needs it most, heading into the midterm election season.

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President Barack Obama gave a wowser of a speech today. In it, he signaled that he's completely over his obsession with chasing the non-existent pipe dream of bipartisanship from Republicans. Obama dove into the 2010 election season fray with this speech, and appeared much more like the "Candidate Obama" that so many of his supporters have been missing for so long. In a speech that was touted as an announcement of a legislative package to get the economy moving faster, Obama not only rolled out his economic ideas, but also did a better job of defining the Democratic narrative than he's done in quite a while.

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