This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Tea Party Debate: Winners and Losers

Former Pennsylvania Sen. Rick Santorum

The Good: Santorum found his voice and connected with the Tea Party crowd. He referenced his record as a former senator much more in this debate. He expounded upon a health care plan, which he said needed to use private sector insurance. "I think we have to keep a prescription drug component for Medicare but we have to pay for it," Santorum said. He got a good dig in on the president when he said that Obama's policies were so bad that an improvement would only then elevate his presidency to a disaster.

The Bad: Santorum still offered very few plans. He gave a few talking points on each subject, but there was no real detail to enrich the discussion. Like Newt Gingrich, Santorum has been out of politics for a few years, and it doesn't bode well for a man who wants to attain the highest political office in the country.

Grade:C- He brought a sense of presence and preparedness that we did not see in last week's debate. If he begins to offer plans instead of a few ideas, he could gain more support.


Rep. Michele Bachmann (R., Minn.)

Bachmann managed to elevate her relatively quiet debate performance from last week and channel the voice that originally made her popular among voters. She candidly criticized opponents, offered popular rhetoric and made controversial statements. Yep, sounds like the Bachmann of old.

The Good: Bachmann seemed subdued in last week's debate, but on Monday night she injected herself into the middle of many heated exchanges. The Minnesota congresswoman relentlessly attacked Perry on an executive mandate he attempted to pass in the state that would have required young women to receive inoculation for HPV. She substantiated her critiques with a claim that Perry's chief of staff stood to benefit from the mandate as he was a leading lobbyist for the drug company Merck (MRK), which would offer the vaccinations. Perry denied the claim.

The Bad: When the topic of immigration arose, Bachmann went on a mini-tirade in which she said that for immigrants to stay in the United States they would have to speak English and study American history and the U.S. Constitution. As a preface to the statement, Bachmann said that the American way was not to give taxpayer benefits to people who have broken U.S. laws. Her response echoed the sentiments that many Americans share, but it was intellectually lazy to lump the nation's illegal alien troubles with the country's requirements for aspirant citizens.

Bachmann also said that as president she would not reappoint Bernanke. Bachmann stuck by her Tea Party principles on this one, but the congresswoman doesn't seem to recognize that Bernanke doesn't act alone and that the Fed makes collective decisions. Even Perry, who bashed Bernanke last month , didn't go so far as to say he'd cut the chairman.

3 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $123.25 -0.80%
FB $83.30 0.35%
GOOG $548.34 -1.23%
TSLA $185.00 -2.84%
YHOO $45.10 1.42%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs