Page 24 - August 2011 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

While congress is at rock bottom. they are not popular people. so in 2011 if you're a republican in congress and your objective is this, you said this. >> you said the single most important thing we want to achieve is for president obama to be a one-term president. >> well, that is true, my single most important political goal along with every active republican in the country. >> so that is what your objective was, what you wanted to get done. the political reaction was clear, you tried to pull president obama down, mire the candidate of hope and change in the washington morass, the president'...

While congress is at rock bottom. they are not popular people. so in 2011 if you're a republican in congress and your objective is this, you said this. >> you said the single most important thing we want to achieve is for president obama to be a one-term president. >> well, that is true, my single most important political goal along with every active republican in the country. >> so that is what your objective was, what you wanted to get done. the political reaction was clear, you tried to pull president obama down, mire the candidate of hope and change in the washington morass, the president'...

In. that's what happened when democratic congressman keith ellison squared off last night against fox's sean hannity who was claiming that the president was just scaring the public over budget cuts. the result was a smackdown for the ages. >> quite frankly, you are the worst excuse for a journalist i have ever seen. >> i am what? i didn't hear you. >> you heard me. >> say it again, i didn't hear you. >> what you just displayed was not journalism. it wasn't anything close to the telling the american people what was going on. the president was honest. what he said was dead-on accurate. for you t...

Departments. why can't we get a deal here? >> joe, i think we could. i think some of this is drama. seems to be governing by drama, something this white house seems to like. i want to point out this is an agreement made in august 2011. it's just like back in high school, when your teacher said okay, you have six weeks to do your term paper. in december, we passed another alternative to it. if the senate will take that up, modify it, if they send it back to us today, we'll certainly sit down and take a look at it. we have shown in the house we think there are alternatives and why on a timely le...

They have come out and said look, we don't want to form a grand coalition. some market participants are saying we could be heading into a new round of elections. the markets will be in limbo for a couple weeks. as you pointed out, a big sell off in the u.s. was quite a volatile session. at one point, the dow jones was 100 points away from the all-time high. then the markets realized the election results would be inconclusive selling off 100 points in the last 50 minutes of trade. that was the biggest drop since november for the dow and s&p. we have the great volatility of the vix index. it sho...