Weekend update.

In The WSJ, Steve Moore interviews House GOP chief Eric Cantor on the party's election message. No mention of sound money.

Another concern is that Republicans lack a coherent growth agenda beyond simply cutting spending. To this, Mr. Cantor objects: "We will start by unraveling the economic damage that has been done by their agenda, whether it's health care, or whether it's the financial reg reform or regulations from EPA that are strangling businesses."

On The Kudlow Report, Don Luskin is optimistic about the economy:



At RCM, Larry Kudlow sees few improvements coming from the President’s staff shakeup.

Also in The Journal, Charles Schwab suggests the Federal Reserve’s low interest rate policy is damaging savers and reducing the availability of credit.

The negative impact of current policy is clear. The near-zero interest rate experiment is weighing on consumer and investor confidence, and the Fed signals its lack of confidence with each "extended period" proclamation. It is providing banks with low-interest financing that can be used to create modest returns through a carry-trade in U.S. Treasurys but is adding nothing to the velocity of money, which is what actually generates economic growth.

The Fed's super-loose policy has driven down the security and spending power of savers, particularly those in retirement who played by the rules during their working years and now depend on the earnings from their savings for a decent quality of life. As a result, savers and investors are being forced to take more risk with their money as they hunt for higher yields.

The extreme monetary policy is also having no positive impact on the availability of consumer or business credit, job growth or consumer and business spending.

At Market Oracle (UK), Barry Grey summarizes the emerging global currency war.

The Las Vegas Review Journal reports on a Steve Forbes speech.

On Kudlow, Larry debates Sec. Geithner’s call for more stimulus spending:



Robert Reich likens today’s Republicans to Herbert Hoover. He omits that the Great Depression’s main causes – an unstable dollar, a large tariff, and tax rate increases – are items on his party's current agenda.