Even if Bush were to win, there's no mandate to do any radical legislation.

This is legislation we've been working on for years.

The immigration bill has to be perceived as the bashing bill of the year. The intensity of that legislation left little room to target anyone else.

With the legislation in play now, we would have to make cuts ranging from one to two million dollars - I can't begin to tell you what that would do to this district.

Rising long rates threaten the bellwether housing industry as well as consumer spending. The higher [bond] returns begin to compete with stocks for institutional affection.

The bottom line is really the bottom line [on income statements] in the stock market and earnings just don't look good. The jobs data wasn't terrible but the economy has run into a wall. Basically, there's nothing to churn the market to the upside. And another 800-pound gorilla in the room is Iraq.