That’s exactly what the fed is doing, and was doing before the bailout bill even hit the floor of the House: The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression. The Fed increased its existing currency […]
Bush addressed the nation a bit ago about the failure of the bailout bill. If the purpose of his speech was to instill some confidence into the market, a safe assumption given the timing of this speech, he failed miserably. (video just uploaded so might take a few to process) This is the look of […]
Andrea Mitchell was on Morning Joe blaming Barack Obama for the bailout failing. Her argument is that he didn’t bring the Congressional Black Caucus on board to vote for it. She gets noticeably mad about this, despite the fact that Democrats delivered more votes than promise and the fact that the CBC was dead set […]
Keith has expanded his new “McCain in the Membrane” segment since there is just so much to cover now. He gets two stories I posted about yesterday:
(wow I haven’t had to pull that one out of the archives in awhile) This is absolutely hilarious. Jean Schmidt has decided to give her campaign the back seat so she can focus on the bailout. Really? She is a junior Congressperson, doesn’t sit on any committee that matters in this crisis and not a […]
Sarah Palin is such a train wreck that they can’t even let her do interviews without a minder now. That minder is none other than John McCain: I love how questions to her are “gotcha” questions. How fucked up is this? McCain expects her to be ready to lead this country in 113 days and […]
There is a silver lining to what happened today. Congress is in recess until Thursday, meaning they could pass something on Thursday, but that is not very likely. That means we got a debate Thursday night with Sarah Palin and Joe Biden and the economy will be brought up. Considering Palin’s dismal responses to Couric’s […]
Obama is now leading in NC and it appears as though he has Sarah Palin to thank for that. (h/t Sully)
The DOW Jones suffers it’s largest one day drop in history. DOW when Clinton left office: 10,587.59 DOW Today: 10,365.45 Heckuva job Bushy!
Here’s the video of what I mentioned earlier. Essentially the Republicans are pissed because Pelosi said that it was the Bush administrations ideology and lack of regulation and oversight that lead us to this. Of course she spoke the truth and even McCain said the same thing last week. In other words, the Republicans had […]