(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 […]
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 […]
Barney gave a good response to reporters when asked about Republicans blaming Pelosi for being too partisan and causing the bailout to fail.
Republicans have jumped into the blame game with lightning speed following the failure of the bailout bill. Ed Henry has a good run down of the talking points here: 60% of Democrats voted for it, while 67% of the Republicans voted against it. It’s interesting that the Republicans are saying it was due to a […]
That is exactly the problem. All parties have basically agreed on an agreement – Senate Democrats, Senate Republicans, The White House and House Democrats. The ones not on board? House Republicans. Then to show how little they understand the economy, or how little they care about the American people, we have this little gem: According […]
So we have this bailout that is needed for Wall Street to survive. The only problem is that Wall Street wants the plan carved their way or no way. From the WSJ: House Republican staffers met with roughly 15 lobbyists Friday afternoon, whose message to lawmakers was clear: Don’t load the legislation up with provisions […]
From the proposed bailout: Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency. Do we really trust the administration that brought us Katrina and Iraq to handle this problem with the actual […]
And they want this idiot to be our vice-President? Speaking before voters in Colorado Springs, the Republican vice presidential nominee claimed that lending giants Fannie Mae and Freddie Mac had “gotten too big and too expensive to the taxpayers.” The companies, as McClatchy reported, “aren’t taxpayer funded but operate as private companies. The takeover may […]
If you missed Morning Joe, Mort Zuckerman was on and had a very grim outlook for our financial future. The Freddie and Fannie bailout, while necessary, will cost tax payers millions. Detroit is worse off. He is predicting GM and some other manufacturers like Chrysler to merge, and maybe a foreign automaker to buy out […]
This is one of those double take moments. During his statement on the failing of the bailout bill, John McCain blamed it on partisanship, then immediately went into a partisan attack the very next sentence. Also worth mentioning is the statement his campaign released after the bill failed blaimng Barack Obama solely for it. In […]