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libby. and it is a mistake and threat to dem kra i s and i want to add something about the tape, because the tapes were the critical evidence in the watergate case. the discovery of them was the end of the white house. and people talk without realizing that they are being taped which includes even cohen would forget that he is taping and they say things, and we are talking about comey s contemporaneous memo, and nothing as dramatic as the recording of the conversation, and remember that comey said of his meeting with the president, lor dirks i hope that there are tape tapes, and it turns out that there are some tapes, but not with the president, and although he may be a participant in some of the tapes, but it is a very important piece of ed. it cou piece of evidence, and it could turn the case around and also that cohen were in prague is changing the dynamic of the investigation. it is a funny thing they started out as a public radio
to. senate john stenis was also notoriously kind of deaf. senator ted kennedy said once that john stenis was, quote, known to be a man who was hard of hearing. two months after his return to the senate, after his near-death experience, senator john stennis, hard of hearing senator who just got back to work after being shot twice, had an operation that made it worse, he got an important assignment related to watergate from the white house, an assignment to review the nixon oval office tape tapes. while special prosecutor cox is getting ready to fight president nixon s plan to release summaries of the tapes, white house officials say some of those summaries have been prepared already. if he s prepared to go ahead with his proposal, john stennichlt s is prepared to read the summaries and go over the tapes themselves to verify the summaries. stennichlt s says he s been promised a free hand. he ll go about his job.
to delve into the private information in the white house. but to invoke a privilege to cover up a third-rate burglary was suspect. now, both the senate watergate committee and archibald cox are taking the white house to court in an effort to gain access to those tape tapes. as the weeks have gone by, many have observed the truth i spoke, i should turn over the tapes and recordings of conversation that i held in my office or on the telephone. however, one more principle is involved in this equation. that what the tapes might prove about watergate. he gathers his legal team as advisers, and a number of them say if you destroy these tapes, mr. president, it s an admission of guilt. and also theoretically it could be an obstruction of justice. he felt he was implicated in
ratings agency fitch says they re going to downgrade america s outlook from stable. stocks soared on wall street. because the markets closed before that action happened. the dow was up by nearly 300 points. the reason was a wow weekend for the american economy. retail sales surged. that s a fair word. they were up 16%. accord together national retail federation. it was the best kickoff to the holiday shopping season ever. topping off, today the federal reserve said household debt in this country fell $60 billion. the outfront strike team called this optimism, 85% of them said they were not going to go into recession. when the pundits were sure of just that. they ended up being right. can this optimism really last? peter, what s your take of this market rally? will it last? especially because after the markets closed, we got the hit from fitch, the ratings agency, which was expected but is another reminder of the failure in washington. it is about the failure in washington.
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