Tuesday, November 27, 2012

WATCH: Rep. Grijalva Makes Market Fall By Ruling Out Medicare Cuts

Arizona Rep. Raul Grijalva (D-CD7) prompted the New York Stock Exchange to drop today, demonstrating both the awesome power that the Congressional Progressive Caucus and the CNBC hosts hold as the country inches toward the "fiscal cliff".

Grijalva was on CNBC this morning.  During the first 3 1/2 minutes of his interview, the S&P500 dropped from $4.04 down to $5.92 down.  One of the interviewers then noted that Grijalva is stoking the fears by saying that he will not give on certain issues, and that the markets drop.  "Do you care that markets are selling off dramatically?"  "Of course I do," replied Grijalva.

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