Federal Reserve cuts interest rates; electoral victories of Republicans rejoice

Lou Dobbs, CNN HOST (Voice-over): Republicans dominate the elections by mid-resume control over the Senate and increased their conduct in the House of Representatives.

SEN. Tom Daschle (D), South Dakota: I would like to make sure that we are close to the 107 Congress as well and we can begin and collections, on 108.

Dobbs: Democrats of its losses on debt of the popularity of President Bush. Now, there is the question of changes in the conduct of the Democratic Party.

The White House is the encryption system for a new Top-regulatory authority of the crime and corruption, corporate, after the resignation of Harvey Pitt.

The police in Maryland then assumed that snipers shooting began weeks they had thought before.

And a predilection for unAmerican. A boycott Overseas Corporate America’s biggest brands brings light to the Mecca-Cola.

(END videotape)

Announcer: this is Lou Dobbs Wednesday Money Line 6 November. Here, Lou Dobbs.

Dobbs: Good evening. The White House is quietly appreciate this evening, his electoral victory and historic victories. The White House - candidates won, this has been the president of the agenda. Republicans have regained control over the Senate last night, returning Democrats Max Cleland of Georgia and Jean Carnahan of Missouri. There were at least 51 Republican seats in the Senate. Two races remain this evening undecided.

On the House, Republican has won at least 226 seats, up three seats. Four races tonight, still undecided. And in the gubernatorial race, Democrats have a little better than the Republicans win three kapitole, a Republican lost. Five races remain undecided.

Today, Republicans and Democrats agree that President Bush has put a lot of intense campaigns of Republican candidates. Senior White House, John King, corresponding joins me now history - John.

JOHN KING, CNN SR. Correspondent WHITE HOUSE: Well, Lou, as you can strangely a day after his party to make history, President Bush remains silent. It was in the Oval office early this morning. It is, since the day, spending ask Republican winner.

But here at the White House, they still believe sends a powerful message, too, and that the results speak for themselves. First what this morning, the President expressed his senior staff, and he had this message: “The White House and the Republican Party now have the regulatory burden for the country.” The President said that there would be no damage and no joy vanterie.

(Begin video clip)

KEN MELHMAN, political director WHITE HOUSE: You see, of course, the election result has written history. I do not know whether the event or for processing. I think what is important, what the president for the country and eventually presidents are evaluated on their performance and evaluate their policies, politics. Thus, we believe that if we work for good policy, good policy results.

(END video clip)

KING: But after all, speak politely by the White House, they believe that the President has now strike force most of Congress as at any time during his presidency, except maybe the days immediately after the attacks of 11 September, the lame duck session of the Congress to begin later this month. They push and demand a compromise on internal security, so that the new division. They are in favour of a compromise on terrorism insurance and the White House with a view of the future to convene the Republican Congress that, in January.

Mr. Bush will push-to-be 10 years of tax cuts made permanent. He wants energy prices account that allows him to drill in Alaska. He wants other property were included in the Senate, if it was adopted by the Democrats. Still, Lou, they recognize here still relatively modest margins in the House of Representatives and the Senate. The president is promising to be bipartie. It is tonight that the heads and democratic and invited Congress to make breakfast that early next week on the White House - Lou.

Dobbs: John, this is a rather striking contrast with previous administrations, both Democrats and Republicans, who seems to have heard the word mandate. We do not hear that this is right?

King: You do not hear, but you will see. This administration, by their actions, to act quickly both in the lame duck and the beginning of next year, the president of the agenda. They believe that this president is of the opinion, still on the faces of Democrats at this time would be bad news. The Norm Coleman won in Minnesota, Saxby Chambliss won in Georgia, Jim Talent in Missouri won because voters and voters dump, Democrats sometimes votes Republican vote on how the end of the year. Bush does not want to alienate what he believes is a very good progress historic progress for the Republicans in midterm elections.

Dobbs: History of the action, John. Thank you very much. Senior White House correspondent John King.

Now, the President’s presence to rally voters energized Republicans, of course. Republican has won almost every race of the station, where President Bush did in the past two weeks, including the Senate race in New Hampshire, North Carolina, Missouri and Minnesota.

In gubernatorial race to former President Bill Clinton has recently launched a campaign one Democrat candidate won five candidates Democrats lost. In the gubernatorial race to former Vice President Al Gore did in the past few weeks, a Democratic candidate won four candidates Democrats lost.

The Bush administration has taken a number of reasons, of course, celebrate tonight. Republicans won the close race and adopted the Senate and the Assembly. The president deserves much credit. Our top policy correspondent Candy Crowley approved the report.

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