On a wide-ranging conference call with reporters, Republican National Committee Chairman Michael Steele offered a theory as to why the stock market was
On a wide-ranging conference call with reporters, Republican National Committee Chairman Michael Steele offered a theory as to why the stock market was performing strongly — because the Democratic agenda was hitting some hurdles.
“I think the stock market is also beginning to speak a little bit about this economy,” Steele said. “Because the train has slowed down on health care — it didn’t get done by the July 31 deadline — because cap-and-trade basically imploded under its own weight in the House and couldn’t get across the street to the Senate, because there seems to at least be some level of confusion that has slowed down this Obama juggernaut on trying to manage and control our economy, the market is beginning to do what markets are supposed to do: Heal thyself! And I think it’s fascinating that more and more people are looking at the market for the solution as opposed to the government. And I think that’s going to be conveyed, hopefully, if we continue to hold back government interference, in the investment and the savings.”
Steele quickly pivoted to argue that the “cash for clunkers” program had nothing to do with any market gains. “The Democrats writ large have basically once again distorted the market with this car program,” he said. “It’s encouraged people to go out and spend money that they may or may not have.”
MA-Sen: A Text Message From Scott Brown
BOSTON -- Having signed up for Scott Brown’s text message service for election day, I just got this text: Are you about to have lunch? It’s a great time to
MA-Sen: 150 Conservative Bloggers Fan Out, Looking for Scandals
BOSTON -- The mysterious Election Journal blog, which first released the infamous 2008 video of two bumbling New Black Panther Party members waving nightsticks
MA-Sen: Brown Wins
BOSTON -- At 9:20, the first rumors of Scott Brown’s victory in the Massachusetts Senate race started to work around the room. A moment later, Doug Flutie
MA-Sen: 66 to 19
BOSTON -- That, via Alex Isenstadt and Josh Kraushaar, is the number that defined the Massachusetts Senate race more than anything else. From the primary
MA-Sen: Out-of-Staters for Brown
BOSTON -- A surprising discovery at yesterday’s People’s Rally in Worcester was just how many people had traveled into the state to assist, in whatever way,
MA-Sen: Loyal Democrats Grouse About Coakley
BOSTON -- A little while after noon, a steady crowd of Democratic voters streamed into the Cathedral High School Gymnasium to cast votes for their party’s
MA-Sen: Republicans Celebrate Coakley’s Gaffes in Worcester
WORCESTER, Mass. - By the way, said Curt Schilling. One more thing. I am not a Yankees fan. The overflowing crowd at Worcester’s Mechanics Hall on
Menendez, Lautenberg to Continue BP-Lockerbie Investigation
Sens. Robert Menendez and Frank Lautenberg, both New Jersey Democrats, will continue to seek details about BP’s alleged involvement in the release last year of
Net Investors Bullish on Palin’s Prospects for Staying on Ticket
Just for fun, the Internet prediction Website Intrade has opened a contract on whether Alaska Gov. Sarah Palin will be withdrawn as McCain’s running mate.
No Experience Necessary
Gov. Sarah Palin’s a middle-class hockey mom, but does that really qualify her to be vice president?