All Posts Tagged With: "WSJ"

Mitt Romney Has Left The Building – What Now?

I’m impressed with Mitt’s decision. According to Fox News, he said:

“If I fight on in my campaign, all the way to the convention, I would forestall the launch of a national campaign and make it more likely that Senator (Hillary) Clinton or (Barack) Obama would win. And in this time of war, I simply cannot let my campaign, be a part of aiding a surrender to terror.”

I’m not as torn up about this as I was with Fred’s departure, but it has definitely put us in the position of facing the inevitable starting to have the necessary discussions.

The questions now are:

  1. When will Huckabee step aside?
  2. Can the Republican Party actually succeed with McCain as the candidate?
  3. When can I stop

Fed Cuts Key Rate 3/4 Points

Wow, the Federal Reserve has reacted dramatically to the global markets spinning out of control.  According to KCCI TV’s web site this morning, the Fed lowered the federal funds rate to 3.5%:

In a statement on its Web site, the Federal Reserve took the action in view of a weakening of the economic outlook and increasing downside risks to growth.

“While strains in short-term funding markets have eased somewhat, broader financial market conditions have continued to deteriorate and credit has tightened further for some businesses and households,” the statement said. “Moreover, incoming information indicates a deepening of the housing contraction as well as some softening in labor markets.”

The KCCI story provides additional info about what’s been happening around the world, including India halting trading …


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