First take on first debate

Debate moderator Jim Lehrer of PBS, which Mitt said he would put out of business

Mitt Romney now says he won't cut funding to Medicare, education, the military or anything except taxes.

So, he's saying he'll increase spending while decreasing revenue.

This is the Reagan Revolution redux. It's what has brought us to our current fiscal cliff.

In essence, Romney is echoing Dick Cheney: "Deficits don't matter."

The federal deficit will explode under Mitt.

In order to pay for all this, Mitt will borrow even more from China.

In order to borrow more from China, Mitt will ensure that more American jobs are shipped to China.

Romney touted his years as governor in Massachusetts, but Bay State voters know Mitt well and he'll lose that state by 20 points in November.

Mitt will get a bump in the polls, but the electorate is dug in. It matters less to attract the "independent" voter than it is to bring our your base. In this respect, Mitt helped his cause tonight.

The Intrade numbers have already bounced toward Mitt. He's up to 32 percent.

But, 32 percent is a far cry from victory. Also, voting has already started in some states.

It may be too little, too late.