Administration would tackle the ebola threat in a much more aggressive way, calling up reserve and National Guard troops to assist u. S. Efforts in liberia and medical s. W. A. T. Teams to any hospital reporting a new case here at home. But news of another u. S. Infection along with dire predictions of the viruss continued spread in west africa raise questions about how well domestic and International Agencies are responding. And whether institutions like the cdc and the World Health Organization are failing in their core mission to contain such outbreaks. Joining the panel this week, wall street journal columnist Dan Henninger and joe rago and former fda Deputy Commissioner and wall street journal report, dr. Scott got leeb. Good to have you here. Youve been predicting all along this would be worse than people in washington were saying. Now thats turned out to be true. Is the administration finally getting its arms around the extent of the problem . They are finally recognizing the scope of the problem both here and abroad. In the case of dallas cdc underestimated how hard it would be in the hospital to handle a passage like this and may turn out to be the case our Health Care Workers are at greater risk, when we deliver Critical Care were invasive when you say much more invasive, what does that mean . We would think were so much more advanced, we have experience with these teams and with protecting Health Care Workers. Why would it be worse . Intubation and dialysis where you put a breathing tube down someones throat. Frequent blood draws and bed changes and gastric tube creates a lot of risk. We do interventions in Critical Care, thats going to expose Health Care Workers, you need to make sure the team taking care of the patients is a con strained team. You dont want a lot of people to be involved. They are learning and adapting quickly and you have to give them some credit for that. What did washington miss just the extent ksh the biggest issue, the extent of the problem . I think first of all, they probably missed how quickly it would come to the United States. They didnt anticipate that much cases this thoroughly and didnt think there would be this much secondary spread among Health Care Workers and thought the immediate family could be at risk but not the health care team. That was clearly missed in this case. Lets talk about the Public Institutions, cdc and World Health Organization in particular. World Health Organization was created to deal with this kind of thing. They dropped the ball. I think they were very slow to recognize the outbreak in west africa as a region. They thought they had it under control only for it to flare up again. I think in part this is due to the transformation of Public Health. Its mission and priorities over the last what do you mean by that . Well, the World Health Organization used to be about securing the conditions necessary for human survival, which meant trans missible diseases. Now this week for example they had a big conference on to back co political priorities of the world instead of basic fundament fundamentals. The same thing at the cdc with a focus on salad bars in public schools, Workplace Wellness and some of the other marginal pursuits that distract from the core mission. Do you agree with that . Its an interesting question how much incompetence makes you culpable. They made projections about the scope of the outbreak based on faulty information and the world was relying on that. And thats what caused the outbreak to get out of control in the first place. What does this tell you about the question you deal with a lot, which is kind of the competence of the Public Institutions and governments . It tells us that were in a lot of trouble if were relying on the competence of Public Institutions in the United States. The ebola problem was identified at least as far back as march. So the cdc and World Health Organization knew about it then. President obama himself said we are dealing with it aggressively. They were not dealing with it aggressively. That was happy talk as sometimes happens with barack obama. But theres a larger problem. And anyone whos involved in Emergency Preparedness will tell you this. With institutions in the United States, they know that they should prepare, whether its a Police Department or hospital and when you ask them to do that, theyll say, we dont have time to assign people to take on the preparation like that. So that simply doesnt get done. I think what weve learned now, these hospitals have got to do this. They cannot say were too busy. Thats not a sufficient excuse. Scott, youve a lot of people are saying dr. Tom frieden the head of cdc is the major culprit. But you disagree. Hes been pushed out as the public Spokes Person and doesnt help himself in front of the podium, but the bottom line is i think cdc, clearly there were missteps with tragic consequences. They deployed 200 people to west africa, unprecedented mobilization and adapted quickly in terms of the approach they are taking. In dealing with hospitals, if you go back to the trip frieden took in Early September and really hit the alarm bell and used almost apocalyptic language to describe the outbreak, he was way in front of the white house. He forgsed the white house to take action. It takes a lot of courage to be a political operative in front of your president and a lot of courage in this washington to do that. Is the charge that somehow budget cuts are responsible for these this weaknesses, does that have any credibility . You looked at the numbers. I dont think it has any credibility. If you look at cdc, theyve got about a 10 billion budget now counting all sources of funding, thats up from about 8 billion during the george w. Bush years. 35 increase over 10 years ago. If you look at nih, for example, dr. Francis collins came out and said we would have had an ebola vaccine years ago if nih had more funding. I think its uncharacteristically foolish thing for him to say. Stop all flights from west africa and any entry into the United States, thats the other big political hot issue . Its a moot point. The president is going to do it because of Politics Around it. Its probably not going to help the situation but further hurt the economies of these countries and make it harder to deal with the domestic threat which is going to be a global threat. But i think inevitably were going to do it. I was going to say, we put a lot of money into Public Health resourgss as a result of worries of bioterrorisms in the 90s and 2000s. These have been beefed up. Still ahead, another wild week on wall street. Whats driving the stock market swings and what does it mean for the american economy. [ female announcer ] this is our new turkey cranberry flatbread before we craft it into a sandwich. The amazingly tender roasted turkey always raised without antibiotics, the zesty cranberry mostarda, the freshly baked flatbread. But heres what you dont always see. The care and attention that goes into it. Because what matters most is the simple, delicious ingredients that make up the whole delicious meal made just for you. And this is our turkey cranberry flatbread sandwich, paired perfectly with our autumn squash soup. Only at panera bread. I lochecked bag. Free paired perfectly with our autumn squash soup. With my united mileageplus explorer card. I have saved 75 in checked bag fees. Priority boarding is really important to us. You can just get on the plane and relax. I love to travel, no foreign transaction fees means real savings. We can go to any country and spend money the way we would in the us. When i spend money on this card i can see brazil in my future. I use the explorer card to earn miles in order to go visit my family which means a lot to me. Another wild ride own wall street as stocks continue their october swings with the Dow Jones Industrial average at one point dropping below 16,000 for the first time in eight months. Whats behind the latest volatility and should american investors keep their seat belts buckled . Were back with Dan Henninger and James Freedman also joins us. Dan, whats your diagnosis . It is fascinating. We have seen nothing like the volatility we had this week where the dow was going in the red and green all day long. And you know, stock markets are pretty good at pricing events out there, Islamic State in iraq, ebola, and so forth, could be causing that kind of volatility. Markets absorb they knew those things were going on. I think it has to be Something Else. I like to point to the International MonetaryFund Meetings in washington in which central bankers admitted they have run out of tools to stimulate growth in the United States. Yet the United States has to lead if the world is going to grow again. The institution here trying to do that is indeed the Federal Reserve. And the Federal Reserve keeps sending mixed signals on when its going to get off the zero bound Interest Rate policy. And even they say that we need Something Else and that Something Else would be pro growth policies from the white house and congress. Tax policy, regular tri policy, none of that is happening. I think the stock markets have reached their own upper bounds and are bouncing around trying to react to when the United StatesEconomic Policy is going to enter a pro growth phase. The correction supposed to be a 10 from the market peak. We tlrnt there yet. Is this signaling in your mind maybe Slower Growth to come . Certainly weve gotten bad news on that front lately. Germany and europe not in the u. S. So much as overseas. We have bad u. S. News in terms of retail spending. Generally the u. S. Economy is grinding along and still growing. But we got bad news overseas. Germany as we mentioned and europe and china slowing down as well. But i think this moment, this is very healthy if central bankers are realizing finally that printing more money is not the cure and the path to Economic Prosperity and i think youre both optimists, the pressure, the political pressure will build on European Central bank to follow the u. S. Route here. And the political systems over there dont want to make the reforms that we all know are necessary, that they know are necessary in labor markets and tax markets and regulation. Then the Federal Reserve is basically saying this week, look, if you get any slowdown overseas, were not going to move up our Interest Rates at all. It will just delay the day that happens. Im not optimistic that europe is going to reform its economy, Southern Europe is going to fix whats wrong in terms of labor markets where people dont want to hire anyone because you but i think theres a reason to be a little more optimistic about a policy change in the u. S. If republicans take the senate, you probably have at least a pretty big break on the hyper regulating weve seen in the last few years. I dont know how you cant be optimistic when you can see this continuing north American Energy boom rolling out. This is giving partly along with slowing global command, cheaper gasoline and oil, thats good for a lot of industries in the u. S. Yet this week the administration killed the merger of a company overseas, an Irish Company, take over a Irish Company now board is saying no because of the new rules on Corporate Tax policy. Well, exactly, the tax policy Corporate Tax rate in the United States remains the highest in the developed world. 35 . And barack obama could have had a cut in the Corporate Tax rate from his first term onward but refused to do it because his price for doing so is too high. Then you end up with the Treasury Department essentially shutting down this merger you just described between two pharmaceutical companies and killing the tax inversion idea. As long as markets are watching, this kind of activity from the obama administration, i think they are going to fluctuate for a long time. When we come back, they were elected to cut taxes and reign in state spending, some socalled republican reform governors are facing tight reelection fights. Find out why and which races you should be watching as election day approaches. When folks think about what they get from alaska, they think salmon and energy. But the energy bp produces up here creates Something Else as well jobs all over america. Engineering and innovation jobs. Advanced Safety Systems technology. Shipping and manufacturing. Across the United States, bp supports more than a quarter million jobs. When we set up operation in one part of the country, people in other parts go to work. Thats not a coincidence. Its one more part of our commitment to america. You never jim jam shabriver flab dry ris. O is, bliss pounds hazy dray . Drywall shboop leaver murray. Hey, big bog panorama corn salabaty . Dude, squibble bits. Mareyayzee. Mormal snap jebby rolban jebby deetle flosh. [laughter] eh. Nows the time to get in the loop. Just look for our fall tv picks with xfinity on demand. Huh. Quickly find the seasons hottest shows, huh. Quickly find the seasons hottest shows, with a handpicked collection all in one place. Only from xfinity. Less than three weeks to election day and a dozen incumbent governors are fighting for their political lives. We look at republicans and a group of reform governors elected in 2010 on promises of cutting taxes and reigning in state pension and health care costs, now some are facing tight battles for reelection, including scott walker and rick snyder and rick scott in florida. Wall street journal editorial page writer aleash sh finley joins us with more. Lets start with michigan, with snyder has passed right to work legislation and presided over a big jobs boom. Thats right and done business tax reform, one of his first actions as governor with stream lined business tax code and eliminating most loopholes and tax codes and simplifying the code and broaden the base which hes being attacked for now. With so many growth particularly rebound compared to his predecessor, why is it a close race . Partly because it is more democratic state. And also because hes being hammered for loving a tax on pension. Basically equalizing the pensions and regular income. That was part of the tax reform and hes getting hes getting bashed by democrats because he didnt cut taxes enough . This is ironic. For increasing revenues. He still has a slight lead. Definitely. Lets move to wisconsin, where scott walker was ground zero for a huge fight over union reforms, collective bargaining for public workers. Why is scott walker facing such a tight reelection fight . He is in a tight race mainly because he promised to create 250,000 jobs. This is always dangerous as we know politicians dont create jobs. They create an environment and other people create jobs. Jobs are being created but he hasnt hit that target yet. He has made the state more competitive in terms of tax cuts, stream lining regulations, i think businesses over time will be moving in but he hasnt gotten there yet. What he has done, the significant reforms on the reigning in the cost of government unions, they are working. So spending has been reduced and in that way, i think hes got a Success Story on the Significant Initiative but a tight race. The unions across the country are throwing everything they have to try to defeat him. What about florida . Again, youve had real economic progress under rick scott. Whats going on there . Well, florida is fun though maybe not if youre a floridian. The incumbent rick scott is running against charlie crist, who used to be a republican but now he is a democrat. He was governor once. And democrat at least as of this weekend. The race is very tight, even though florida is doing well economically. To me this is the most fascinating result of the polls in florida. Rick scott unfavorable rating is 41 . His challengers unfavorable rating is 42 . They are not too happy down there in florida. One of the reasons for that as in witnesconsin, there has been torrent of negative advertising, mostly run by outside groups. This tends to give people the idea that nothing is going right. I have a view about this in these elections, i think its going to suppres