This should help slow the political process down for awhile! That should be good for the market!
It's not a happy new year for anyone who had anything to do with Jack Abramoff.
The plea agreement he struck yesterday means he's now expected to sing like a canary to minimize his jail time. And that means a number of members of Congress, and some of their top aides, should be sweating bullets. Their onetime ally is now, for prosecutorial purposes, their enemy.
This is hardly good news for such Republicans as Tom DeLay and Bob Ney, and Abramoff was a major Bush fundraiser. But he also did business with a few Democrats such as North Dakota's Byron Dorgan, some of whom have been rushing to return the campaign cash he gave them.
Signatures are so yesterday!
