Archive for the ‘bailout’ Category

Why the fear of General Motors going under? The demand for cars would remain the same, so the lost manufacturing would have to be replaced, wouldn’t it? …while the cries of certain Armageddon would be ear splitting in the event of a GM failure, the U.S. auto sector would actually emerge much healthier thanks to […]


Barack is pressing a bailout for automakers. President-elect Barack Obama would like the government to find additional authority to deal with the liquidity crisis in the American automobile industry, Obama’s transition co-chairman said on Tuesday. The Obama team earlier leaked details of the disagreement over an auto bailout that arose between President Bush and Barack […]


Tight Ship

11Nov08

As tight a ship as the Obama campaign was, we have to assume that any aides to Obama who were briefed on his meeting with the President are leaking details with campaign consent and knowledge. Just hours after President Bush and President-elect Obama met in the Oval Office of the White House, details of their […]


Bursting Obama

16Oct08

You’ll recall that I was suggesting a few days ago that McCain could reclaim control of the campaign narrative by offering confused voters 1) an explanation of why the financial meltdown is happening, and 2) pinning it on Barack. Yesterday, Frank Luntz revealed the most successful negative ad according to his focus groups – it’s […]


Idiot Wind

02Oct08

Harry Reid joined Nancy Pelosi today in being a Democrat with bad judgment in a crisis. Several big life insurance stocks fell sharply Thursday, dragged down by jitters about their role in the credit crisis and fears sparked by a comment from Senate Majority Leader Harry Reid, D-Nev., Wednesday about a potential bankruptcy in the […]


Polls

02Oct08

Yesterday’s Gallup poll showed McCain picking up some ground, cutting Barack’s lead from 8% to 4%. But today’s Rasmussen ticks up a point for Barack. The Rasmussen Reports daily Presidential Tracking Poll for Thursday shows BarackObama attracting 51% of the vote while John McCain earns 44%. This seven-pointadvantage is the largest yet enjoyed by Obama […]


Sick Bastards

01Oct08

These people are sick. Wall Street needs a bailout, and anyone in congress who isn’t brain dead is appalled at the $700B request. So how do Democrats respond to the horror of socializing the financial sector in the new version of the bill? The Senate substitute now runs over 450 pages. And tucked away in […]


Has McCain’s corporate tax break been added to the revised bailout bill that the senate will vote on tonight? In a surprise move to resurrect President Bush’s $700 billion Wall Street rescue plan, Senate leaders slated a vote on the measure for Wednesday – but added a tax cut plan already rejected by the House. […]


A Real Lemon

30Sep08

What faith Americans have in our country. A deep trust that no matter what happens, our nation will always prosper. We are utterly confident in the future – or, at least, in our own ability to manage it. Consider the rejection yesterday of the bailout. …a majority of those politicians anointed by the U.S. Constitution […]


Wondering who is to blame for the failure of the bailout bill to pass? Must be Michael Moore, who campaigned against it on his website. This bailout’s mission is to protect the obscene amount of wealth that has been accumulated in the last eight years. It’s to protect the top shareholders who own and control […]


Should John McCain have been leading the mutiny? The House on Monday defeated a $700 billion emergency rescue for the nation’s financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive into recession without it. Stocks plummeted on Wall Street even before the 228-205 vote to […]


McCain was on This Week today, expressing support for the bailout plan. I’m surprised that he was so positive about it.


Partners

28Sep08

A deal was announced early this morning that may save Wall Street, for now – but it is moving ahead without regard for what will be destroyed in the process. The bill includes pay limits for some executives whose firms seek help, aides said. And it requires the government to use its new role as […]


Bouncing

26Sep08

Yesterday the presidential race was a tie according to Gallup. Today, Barack’s pulled back into a 3 point lead. Rasmussen, which had Barack up 3% yesterday, now has him up 5%. It’s stunning to note how rapidly the dynamics of the campaign have changed. Two weeks ago, just before the Wall Street financial crunch became […]


The Alternative

25Sep08

While Democrats are trying to make it look like John McCain somehow killed the administration’s Wall Street bailout proposal, it is House Republicans who are unhappy with the proposal. A group of conservative Republicans in the U.S. House of Representatives offered a mortgage insurance plan on Thursday as an alternative to the Bush administration Wall […]


Stalled

25Sep08

They met, they photo-oped, they failed. So far, no deal. The status of a rescue plan for the nation’s financial system was in doubt, at least for the moment, on Thursday as lawmakers emerged from a White House meeting with President Bush to say that negotiations have a ways to go. Looking tired and annoyed, […]