Friday, November 03, 2006

Cheney's Optimism -- And Mine

By Lawrence Kudlow
In the last month's run-up to the midterm elections, stocks have been climbing while Republican polls have been falling. Does this mean the markets favor gridlock in Washington, after six years of Republican rule? It's an odd paradigm.
I put this question to Vice President Dick Cheney in Washington this week, during a special interview that aired on CNBC's "Kudlow & Co." His answer was no. He disagrees with the market. The veep strongly believes a Democratic takeover of Congress will spell trouble for both the current low-tax environment and the economy overall.


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