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Click here to visit the new home of Politics Daily!President Obama said Friday that regulators are looking into the "unusual market activity" on Wall Street that saw stocks plunge nearly 1,000 points in a half-hour Thursday, before rebounding. "The regulatory authorities are evaluating this closely, with a concern for protecting investors and preventing this from happening again," the president told reporters gathered in the White House driveway. Findings and recommendations on how to avoid a repeat of the computerized sell-off will be make public, he said. Obama called the news conference to talk about an April economic report which showed ...
Health care reform topped the list of stories that Americans followed most closely last week followed by reports on swine flu and - yes, right up there in third place - the runaway balloon in Colorado, according to a poll by the Pew Research Center. ...
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It's time to turn away from health care for just a moment and address the confusion in the economy. It's a good thing, actually. How many town halls can we take? So, with the markets once again in their gyrations, it's a good time to, uh, take stock. I can tell you what doesn't help: navel-gazing pieces like the one in the Washington Post, "Signs Don't Point to a Typical Recovery." It was a laborious "on the one hand, but on the other" piece that said so much it ended up saying nothing. Hey, I can do that. ...
As the stock market woes dominate television and computer screens today, one big casualty is the McCain campaign's new and improved attack dog strategy. Why? Two reasons. First, the oxygen used to talk about the regurgitated stories of William Ayers and, yes, Jeremiah Wright, is now being sucked up by fears about what lies ahead for our country and the world. Second, the news that the DOW has sunk below 10,000, and that 401K plans are withering on the vine, keeps the spotlight on matters economic, and that's what has driven McCain's numbers in the tank in the first place. In other words, ...
Update: The Associated Press agrees with my assessment, saying that, without a bailout agreement, McCain's campaign has reached "a political dead end.The McCain campaign has been reduced to trying to blame the side that overwhelmingly favored the bill, whose failure precipitated the biiggest one-day point loss in the Dow's history, while defending the crybabies who voted it down because Nancy Pelosi hurt their feewings. Richer still is their insistence that this is no time for the "blame game." The fact that the ostensibly uber-neutral AP is reporting thiscould be devastating for McCain. It ...
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