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They got absolutely clobber in the election when the biggest vote against them and right back to the same old strategy. this doesn't help people like cantor trying to rebrand the republican party. makes them look like the same old horrible gas bags they were in the first two years. >> but a lot of them, anyway, now do seem to be trying to find a way to get there on immigration. and get to a bill-signing with the president. >> i'm skeptical. look at all of the back wash they're getting from the tea party and the crack pots on the talk radio and all that stuff. i don't know that this is going to...

>> well, the other republican senator in the state voted for it, john mccain voted -- >> well, mccain has been able to stand up for what he believes. i may not agree but you've got to give him credit for standing up what he thinks is right. which a lot of people on both parties, but particularly in the republican party, didn't do. this is a bankrupt strategy, lawrence. they're using the same playbook they used last time and they got clobbereded. that is, let's not give the president any victories. the problem is -- i don't understand how they can misread this so badly. they got absolutely clob...

Jimmy carter led ronald reagan 44-40. after the 1988 convention, it was 55 dukakis and 38 for bush 41. >> a poll two months out from the election approximately doesn't mean that much? >> yeah. right after -- immediately in the back wash of the conventions. there is also some other interesting stuff going on here. there have been only four polls run and released in recent days since the democratic convention in states. and in all four of those, including two battleground states, ohio and north carolina, all four of those polls showed movement towards mitt romney. so maybe what happened is is th...

Jimmy carter led ronald reagan 44-40. after the 1988 convention, it was 55 dukakis and 38 for bush 41. >> a poll two months out from the election approximately doesn't mean that much? >> yeah. right after -- immediately in the back wash of the conventions. there is also some other interesting stuff going on here. there have been only four polls run and released in recent days since the democratic convention in states. and in all four of those, including two battleground states, ohio and north carolina, all four of those polls showed movement towards mitt romney. so maybe what happened is is th...

the sickening scene of violence and looting. and one party is paying a bigger price over the showdown over the regular debt. stand by on whether members deserve to even be re-elected. i'm wolf blitzer, you're in "the situation room." wall street following big gains after some of its biggest losses of the year. the s&p and nasdaq also rebounded. the dow on a roller coaster all day after the federal reserve's afternoon announcement about interest rates and future economic conditions. lit's bring in poppy harlow. it was wild. >> swings of 600 points. some of them hundreds of points wi...