On CNBC last night Jack Welch, GE’s CEO from that firm’s salad days in the ’80s and ’90s, pointed out the dangers of a three-house Democratic sweep. He says it’s dangerous for both the stock market and the economy.   Read More

As Sen. John McCain and the GOP leadership nationalize the drill, drill, drill message, the Republican party might conceivably be riding a summer political rally. The question of offshore drilling has suddenly become the biggest political and economic wedge issue of this election.   Read More

Barack Obama's audience inside the Capitol this week will number about 200, not the 200,000 who gathered last week in Berlin. Yet all signs point toward a closed-door session with similar enthusiasm for the Illinois senator.    Read More

Republicans have comforted themselves with the knowledge that the Republican National Committee retained the fund-raising clout to counter Obama's cash machine. Is that changing now that Obama has emerged as the Democratic candidate? It might be.   Read More

Democratic candidates already have plenty going for them this year. Anxiety about the Iraq war is down, but anxiety about the economy is way up. President Bush’s job approval rating is roughly 10 percentage points lower than two years ago before Democrats won the mid term elections.    Read More

What follows below is an unofficial transcript of my interview on Kudlow & Company last night with Jason Furman. Mr. Furman is Barack Obama’s director of economic policy.    Read More

Part of coming together involves money, specifically Clinton helping Obama raise money for the general election and Obama helping Clinton retire her primary debt. Both will cooperate, even if grudgingly.    Read More

The stock market plunged 170 points this morning and oil jumped over $3, allegedly based on a New York Times story that Israel is carrying out military exercises as a rehearsal to bombing Iran. But actually, the Times story, written by the very able war correspondent Michael R. Gordon, is talking about Israeli training exercises from early June, not now.   Read More

Barack Obama faced a difficult choice for the fall campaign. He could follow through on his commitment to strike a deal with John McCain on remaining within the public financing system for the general election, or he could opt out of the system and cash in on the huge financial advantage he has displayed over John McCain.    Read More

I had a visit on Power Lunch today and we talked about the effect on the health care stocks depending on who wins the White House. In general, pharmaceutical companies do well when they have a new product pipeline of innovative products that allow them to command high prices.    Read More