amendment and that we need to get the federal government away from my kids, my home, etc., let texas run texas, and i think social media will, frankly, be the root of the next social revolution which will enable people to once they see and hear what the government's doing, i don't think they're going to put up with it. that way we get everyone involved and insure that everyone's participating in the next election and take the government back through social media. >> host: talk about when you first started here, the ways that you communicated, the old ways if we could use that term, with the folks at home, and how has that changed over the years and what kind of technology are you using now? >> traditionally we've always used letters, phone calls. when i was elected to the state legislature in 1987, i had a mcintosh was my first computer, and i brought that with me to austin, texas, and set up a program called white knights. it used to be called a bulletin board. i think i was the first elected official in america to use a computer to communicate with my constituents. we typed in the daily hous

run and can go even higher. let's go to cindy in texas. cindy? >> caller: hey, jim. boo-yah from austin, texas. >> man, we loved when we were at ut. that was a dynamite so. that big steer, he almost killed me. i showed him in the end. yeah, i -- i had a -- i had to have a sit-down with him. go ahead. >> caller: hey, jim, on monday's show you talked about the markets and parabolic incline. >> yes. >> caller: is that what's happening with the market in china? and if so, what are your thoughts on how that might play out? >> all right, cindy. when i did the piece about parabolas the other day and i said we needed the decline that we had on monday to break the parabola, believe it or not, i think that china, which happens to trade in much higher increments, really broke its parabola last week with the decline. that gave it the all-clear. the bear market in china ended last night with the market up 4%. let's stop worrying about china and start buying. it used to be people were running for cover from obama's cro crosshairs. now that he's playing "d," you can pick up some wellpoint and sss at prices y

let me take you back home to texas where an interesting political battle is brewing. a republican intramural fight. the senior u.s. attorney from texas kay bailey hutchinson is going to resign her seat and run against rick perry, the incumbent governor, for that seat. have you taken sides in this and how worried are you as someone in charge of republicans running for the senate next year, that you guys could end up losing that seat in texas to a democrat? >> well, that's my most -- the most important concern i have is about what happens in that special election which it looks like it may be in may 2010. no, i'm not going to take sides in the gubernatorial primary. both of these people are great public servants and friends of mine. but this is a open special election which last time texas had something like this, texas was a blue state in 1961 and john tower, a republican, was able to win under the circumstances. so as head of the national republican senatorial commit yen and somebody worried about our diminished numbers here i want to make sure that doesn't happen next year. >> you had a example when lloyd bentsen stepped down from that seat. you do have a history where the seats can flip.