U.S. Sen. Rand Paul – a potential presidential candidate in 2016 – said he fears that Thursday’s sharp downturn on the stock market could be a signal of a longer “correction’’ that could hit investors hard in their wallets.
The stock market has been doing well for years, Paul said here Thursday, because people who could afford it have defected from banks because of the low interest rates the institutions have been offering.
“You go a whole year and it’s like, ‘I got 30 cents last year on $50,000 or something. It’s ridiculous,’’ said Paul, a Republican from Kentucky.
New Jersey Gov. Chris Christie, who’s expected to make a Republican bid for the White House in 2016, was in the St. Louis area Monday evening to raise money for the Republican National Committee.
The private event, closed to the press, was hosted by Jeff Fox in Clayton, sources say. He’s the son of wealthy businessman Sam Fox, who also lives in Clayton and long has been one of the top Republican donors nationally and in Missouri.
Monday night’s fundraiser is among several that Christie is attending in the bi-state area over the next two days.
SPRINGFIELD, Mo. – Potential 2016 presidential hopeful Rand Paul scanned the packed ballroom of fellow Republicans, most of them older and white, and declared Saturday that their party’s makeup needs to change if the GOP is to have any hope of recapturing the White House.
“We need a bigger party. We need a party that looks like America,’’ said Paul, currently a U.S. senator from Kentucky, during the closing banquet for the Missouri Republican Party’s Lincoln Days festivities, held this year in Springfield.
The biggest annual event for Missouri Republicans is more than two months away, but party leaders were eager to announce Monday that U.S. Sen. Rand Paul, R-Ky., will be the marquee speaker at the state GOP’s Lincoln Days festivities Feb. 21-23.
The weekend gathering, which attracts hundreds of party activists, will be held in Springfield, Mo. The event rotates among the state’s three largest cities; last year’s Lincoln Days was in St. Louis. The event usually attracts most of the state's major Republican officials, activists, potential candidates and donors.