The vote timing had nothing to do with the market... the crappy economy is what’s driving the it.
The economy is responsible for the market overall, but the market wobbled and went down significantly this week, especially after the failed vote, because of the uncertainty.
I think we could have acted efficiently and gotten credit for moving it along, particularly since the change to the bill that finally enabled the “Tea Party” crowd to vote “yes” was virtually symbolic only and also because it was known that no matter what we gave the Senate, they were going to reject it. They had already said so in writing.
This was lousy propaganda and also led to some very bad tactics (such as the RSC using GOP money to secretly send out e-mails telling constituents to call their congressmen to vote no on what was already the official GOP bill) and some really bad rhetoric.
And it was entirely political. You do know that six of the “Tea Party heroes” were going to vote yes, but as soon as there were enough votes to pass the bill, they changed their vote to “no” so that they could get what they perceived to be credit for voting against it. Talk about politics as usual.
I attribute some of this to newbie mistakes among some of the recently elected people. But I also suspect that some of it is pure Ron Paul type politics with a few more adherents than he had before.