Hot on HuffPost:

See More Stories

Harry Reid Tries To Sell Optimism

2 years ago
  0 Comments Say Something  »
Text Size
TheHill.com
Senate Majority Leader Harry Reid (D-Nev.) said on Monday that the banking industry is "very close" to being stabilized and the nation's economy is starting to rebound.

"We tend to talk about the negative. ... Things are beginning to turn and I think the American people are going to feel that very soon," Reid said during an appearance on MSNBC's "Morning Joe" show.
Of course as I'm writing this the Dow is down 105 at 7260 and dropping like a rock. This is a Dow level we haven't seen since the 1997. Which means we've just given up most of the Bush and Clinton boom. Is Harry Reid seeing something that the market missed? Or is he just getting very, very nervous about the market's negative opinion of the trillion dollar pork/spending/stimulus bill?

Take a cue from Obama, Mr. Reid: vague statements only. "Things are beginning to turn." Sounds to me a lot like the kind of comments we were getting from Mr. Rumsfeld about Iraq in 2005.

Filed Under: Senate, Economy

Our New Approach to Comments

In an effort to encourage the same level of civil dialogue among Politics Daily’s readers that we expect of our writers – a “civilogue,” to use the term coined by PD’s Jeffrey Weiss – we are requiring commenters to use their AOL or AIM screen names to submit a comment, and we are reading all comments before publishing them. Personal attacks (on writers, other readers, Nancy Pelosi, George W. Bush, or anyone at all) and comments that are not productive additions to the conversation will not be published, period, to make room for a discussion among those with ideas to kick around. Please read our Help and Feedback section for more info.

Add a Comment

*0 / 3000 Character Maximum Comment Moderation Enabled. Your comment will appear after it is cleared by an editor.

Follow Politics Daily

  • Comics
robert-and-donna-trussell
CHAOS THEORY
Featuring political comics by Robert and Donna TrussellMore>>
  • Woman UP Video
politics daily videos
Weekly Videos
Woman Up, Politics Daily's Online Sunday ShowMore»
politics daily videos
TV Appearances
Showcasing appearances by Politics Daily staff and contributors.More>>