DAD: About the recent election: Expect Republicans in the House, who have promised spending cuts to balance the budget, to spend tens of millions of dollars on investigations into Obama administration "corruption." While Boehner said he would be willing to sit down with the President to explore common ground, Mitch McConnell said that the GOP's priorities are balancing the budget, getting rid of the "health care spending bill," and stopping the bailouts. He went on to say that in order to do that they need to get someone in the White House who will not veto the Republicans' efforts. Just proves that their agenda all along was to get rid of Obama.

DAVE: Did you see Boehner crying when he was talking about the American dream? Pathetic.

Of all of the republicans' promises, I actually don't think that they would really stop the bailouts. Those are their friends who are getting the bailouts. I think that was just anti-Obama rhetoric to get elected. Some people think that the republicans will do absolutely nothing in the next two years (other than kill health care reform) because they win either way: If things get worse, it's Obama's fault. If things get better, they will take credit. But the best policy for them may be no policy whatsoever. And frankly, that's probably just as well.

DAD: I did see him crying and you are right; it was pathetic. Also hypocritical since he is now wealthy. As Republican whip a few years back he was also a bag man, delivering checks on the floor of the House from the tobacco industry to members of the GOP caucus.

The statements by Mitch McConnell were not made prior to the election, but the day after the election. So they cannot be dismissed as just 2010 campaign rhetoric. They may be 2012 campaign rhetoric. They cannot stop the bailouts, because that money has already been given to the banks (and some of it repaid) and I know of no one who wants to do any more bailouts or that any are needed. I think they will do the extension of the Bush tax cuts as well as try to repeal health care. Obama will veto an outright appeal, although he may agree to some modifications in the law. It will be interesting to see if Obama vetoes a tax cut extension bill for the wealthiest. He has said all along that he favors extending the tax cuts to those earning less than $250,000. Whatever he vetoes, the Republicans do not have the votes even in the House to override. It takes 2/3 of both houses to do that.