The Republicans couldn’t find the votes so they are blaming it on a totally unremarkable speech that Nancy Pelosi gave this morning. The notion that they would crater the economy because their feelings were hurt, boggles the mind. So now it is back in the White House and Republican leadership court to do something. As Barney Frank says, he’s available to listen to their ideas.
It’s clear that ideology still trumps reality in the Republican Party. My guess is the market will end down 700 points.