some importance in terms of his donors and supportsers in south carolina will now be free to line up behind someone else. but no, the idea that kind of lindsey graham is now going to throw his weight behind i mean, presumably marco rubio. or else i guess chris christie. there s no there s no weight to be thrown. but matt, to your point about interventionism and hawkishness. not being particularly ascendant. rand paul has failed to gain traction as well. and i guess i wonder where do you think we are on that subject? i don t know. i mean, it s really up in the air. there s a whole question of which of the kind of 3% club is going to give us the dead cat bounce, right? fiorina s super hawkish. she ll name every single submarine class you ve ever heard of in the course of a debate. rand paul is going anti-kind of interventionist. ted cruz is hifting a lot more anti-interventionist notes. despite the cart carpet bombing. he wants to sell it by saying carpet bombing but he s against
there s no weight to be thrown. but matt, to your point about interventionism and hawkishness not being particularly ascendant. rand paul has failed to gain traction as well. and i guess i wonder where do you think we are on that subject? i don t know. i mean, it s really up in the air. there s a whole question of which of the kind of 3% club is going to give us the dead cat bounce, right? fiorina s super hawkish. she ll name every single submarine class you ve ever heard of in the course of a debate. rand paul is going anti-kind of interventionist. ted cruz is hitting a lot more anti-interventionist notes. despite the carpet bombing. he wants to sell it by saying carpet bombing but he s against a lot of the nation building kind of exercises out there. so one of those guys or gals is going to jump up from the 3% level hopefully just to make this thing more interesting. but we don t know. ever since isis started beheading people that really changed american public opinion. more amer
positive area. utilities were lower. but even when the dow was at the height up 441%, that s still 441 points i should say that s still not enough to really do away with the losses we saw yesterday. down almost 600 points yesterday, of course. thank you as always. we have been seeing wild swings on wall street. negative and positive directions. what do we expect next? for that, we bring in dan burns, an editor of reuters and elan w i. let s start with when s happening, dan. this is the kind of thing that makes people wonder are we in the clear? probably not. this is the feel of a dead cat bounce and more than 400 points off the high of the day or around and the high of the day it s little bit of a mirror of yesterday just in smaller magnitude and yesterday opened at the bottom and closed down
convention bounce is definitely not necessarily a shoe in for it to translate into numbers at the polls. however, i do ask you at this juncture, what do you think the president s chances are for reelection? i think he ll be reelected and the republicans didn t get dead cat bounce. you throw a dead cat on the floor and you get a little bounce of the the republicans got zero bounce. obama got some bounce out of his convention. not enough, quite frankly, but he got some. he s ahead. i think the public has confidence that he s the one who stands with the middle class and somehow romney has got to convince people that he s just not for the very wealthy and he s for the middle class and hasn t closed the deal. arthel: congressman, i m going to give you the last word. give me a chance to get the question cause i want specifics from you. we know that senator obama took ohio, your state in 2008. can he do it again or will governor romney turn it around? well, as you know, whenever you as
and then what happened? we got a whole pile of bad luck, the arab spring which shot oil prices up by 30 bucks a barrel, the earthquake in japan disrupted global and industrial production and then all of the problems in europe and then we had our own homegrown shoot ourselves in the foot moment. so if you sort of say, well, if we can go a year without all of those bouts of bad luck and bad policy, maybe there are underlying strengths in the economy will show through. we have put a not of monetary stimulus the federal reserve out there jamming the banks full of cash. we are actually seeing market rates so low the housing market, you know, is actually showing it s know the dead parrot that was only sleeping seems to be coming back to life. the dead cat bounce? not a dead cat bounce, a dead parrot coming back to life. so now we ve heard positive news that the republicans and the administration might be able to hammer out an agreement to extend some of that temporary stimulus. m