Must see video of Larry Kudlow questioning Eric Cantor on why the Reid plan is unacceptable, even though it's based on GOP objectives. He makes a point that Wall St. wants the debt ceiling raised once, and Larry laughs at Candor's lame justification for making this a two stage process.
Comments and ratings at investment websites do not like the GOP plan.
Kudlow interviews Cantor on debt ceiling
The biggest debt ceiling shock of the day: Eric Cantor has lost Larry Kudlow.
In an interview tonight that's got everyone buzzing, Kudlow grilled Cantor hard on why the GOP couldn't support the Reid plan, which Kudlow saw as being based in Republican ideas. Even the savings from the wars winding down -- which is the most controversial part of the plan -- Kudlow points out is counted as savings in the Ryan budget, which the GOP touted earlier this year.
The best though is when Kudlow starts to cackle -- much to Cantor's dismay -- at the notion that by demanding one debt ceiling vote to get through 2012, Obama was being self-serving and political.
Seeking Alpha:
If you've lost Larry Kudlow, you've lost conservatives in America, as the CNBC economist grills Rep. Eric Cantor hard on why the GOP couldn't support Sen. Harry Reid's plan, which Kudlow says is based on Republican ideas, doesn't include new taxes, and requires one debt ceiling raise instead of two.