stalemate

Over at "Money In The Morning," the new blog at The Hill, Walter Alarkon includes an article (subscription required) from WSJ.com that says Wall Street is rallying because of the prospect for gridlock the next two years. But yesterday in the New York Times, Jeff Sommer had a column showing that there's no evidence gridlock has been good for Wall Street over most of the past century.

My column on nationaljournal.com this week deals with the continuing refusal of the Bush administration to work with Congress on appropriations, or much of anything else. The reason: "winning" rather than "governing' is what's important to this White House.