Archive for the ‘financial meltdown’ Category

It’s the end of the world as we know it. “This is the end of the consumer-based economy,” said Peter Schiff, who runs the investment firm Euro Pacific Capital Inc. in Darien, Conn. “Americans have been buying too much stuff, and now the epic shopping spree is over. It is a permanent change.” Wow. That’s […]

The stock market crashed this week after Barack was elected. But did Barack’s election cause the meltdown? Racked by the credit crisis and the growing likelihood of a deep recession, financial markets have been given to extremes for the last two months, mostly to the downside. The presidential race added to the uncertainty, but it […]

Bursting Obama


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 […]



Meeting Over – And the deal is almost done. Confident but not yet celebrating, congressional leaders agreed Thursday on a multibillion-dollar bailout plan for Wall Street aimed at staving off a national economic catastrophe. President Bush brought the two men fighting to succeed him to a historic White House huddle on how to sell a […]

Obama Follows


The first phase of McCain’s new emergency strategy appears to be working. Injecting a jolt of new drama into the U.S. presidential race, Republican John McCain on Wednesday said he was temporarily suspending his campaign in a bid to help break a deadlock on Capitol Hill over the White House’s proposed $700-billion bailout of Wall […]

Why did Barack Obama, who’s been a senator for about 20 minutes, receive as much money as any politician but Chris Dodd from Fannie Mae and Freddie Mac? Why did these pseudo public agencies give money to politicians at all? Here’s the list of the top recipients of political donations from Fannie Mae and Freddie […]