domination of employee unions and chris christie broke that path. i think he s going to be a very strong candidate, but if there s one thing we ve learned from rick perry, wait until the debate. it s not just wait until deet bait, there s also, look, for example, herman cain is going to join us a little later in the show tonight. he said he s pretty liberal. now i wouldn t say he s liberal, but i look at his for instance, he once said illegal immigration doesn t exist. no, he said it wasn t a crime. so here s the point. he s got that controversial judicial appointment, he s got some issues. global warming. so he s going to are to now face the scrutiny. and i think a lot of people said perry at one moment wag going to race to the top and get the nomination. that s right. the phenomenon that i think is impressive, the guy you are having on in a few minutes, herman cain, the he s obama in
days does for us is gives us an opportunity to create a long range plan so that we don t have to be revisiting this situation every year. and the post office knows it has to do its part, employee unions need to do their part. but we plan to have this resolved within the nest next 9. the republicans are suggesting that as many as 200,000 workers would to be retired out? there are quite a few where they could reire now. and what we re trying to do, we ll try to find a way so that people are just not laid off, but they are allowed to retire. and we re figuring out ways that we can do that. they ve overpaid into their pension fund, so we think that we are the retirement fund. i think we can work this out so we can allow for people to retire with digdignity, with th
radical he actually is. here s the rnc chairman this morning on this network talking about a potential walker recall effort which we were just talking. about here is how he s viewing it. the republican employee unions want to flush another $30 million down the toilet and then allow scott walker to be even stronger and win a recall election. then we ll pass more reform after that. they should do it. the 30 million they flushed down the toilet will be 30 million they don t have for other races. so hey. go for it. go for it. chris larson, what is your response to that? well, i think it s great that he is endorsing the idea of recalling walker as well. i would encourage him to sign a petition. i think the chairman got beat by one of the candidates. one of the democratic state senators who was up for recall on tuesday. one with 57% of the vote. it shows that he was rejected
that effort to recall walker is going to move forward. for him to come out and support paul ryan shows how radical he actually is. here s the rnc chairman this morning on this network talking about a potential walker recall effort which we were just talking. about here is how he s viewing it. the republican employee unions want to flush another $30 million down the toilet and then allow scott walker to be even stronger and win a recall election. then we ll pass more reform after that. they should do it. the 30 million they flushed down the toilet will be 30 million they don t have for other races. so hey. go for it. go for it. chris larson, what is your response to that? well, i think it s great that he is endorsing the idea of recalling walker as well. i would encourage him to sign a petition. i think the chairman got beat by
the sickening scene of violence and looting. and one party is paying a bigger price over the showdown over the regular debt. stand by on whether members deserve to even be re-elected. i m wolf blitzer, you re in the situation room. wall street following big gains after some of its biggest losses of the year. the s&p and nasdaq also rebounded. the dow on a roller coaster all day after the federal reserve s afternoon announcement about interest rates and future economic conditions. lit s bring in poppy harlow. it was wild. swings of 600 points. some of them hundreds of points within a minute. the dow industrials in the last hour of trading, ridesing more than 300 points. this is a very good sign. it is the exact opposite of the selloff we saw on monday. it s encouraging that we re seeing investors coming in at the end of the trading day, buying up stocks in droves, saying i m willing to hold these stocks overnight. that is a very good sign. and just to give you some indic