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From this morning’s Wall Street Journal: ‘No’ Votes Came From All Directions The fatal “no” votes to the financial rescue package came from a strange-bedfellows coalition of lawmakers, from the most conservative to the most liberal members of the House, with a large number of representatives from low-income districts angry that Wall Street seems to [...] Without a Bailout Plan, What Will the Cost Be? – TIME By voting down the proposed $700 billion financial bailout package — and causing a spectacular stock market rout — a majority of members in the House of Representatives made a clear statement that they didn’t want to put taxpayers on the hook for the [...] As I’m sure you’re all aware, the House of Representatives voted down the Emergency Economic Stabilization Act of 2008 (H.R. 3997) today. People have no idea how screwed we are if the EESA 2008 doesn’t get passed. “Bailout” was the worst marketing technique anyone could have chosen. The plan is not a taxpayer bailout of [...] This nation’s economy is fucked … Republicans created this mess, Republicans came up with a solution to this mess, and yet Republicans are refusing to fix this mess, even though almost every thing the members of the House that revolted asked for was included in the bill being presented and voted. What are they thinking? [...] Sarah Palin’s Foreign Policy credentials, based on Alaska’s proximity to Russia and Canada: Watch CBS Videos Online Yeah, yeah … it’s an old joke at this point. But the interview with Katie Couric is still important. Watch it. Listen to what Sarah Palin says. Do you really want this woman to be a heartbeat away [...] This sounds promising. Summary of the Draft Proposal To Rescue U.S. Financial Markets – WSJ.com IMPROVING THE FINANCIAL RESCUE LEGISLATION Significant bipartisan work has built consensus around dramatic improvements to the original Bush-Paulson plan to stabilize American financial markets — including cutting in half the Administration’s initial request for $700 billion and requiring Congressional review [...] Hopefully, when I wake up, there’ll be a published draft that those of us who are interested can read. Congressional leaders reach tentative deal on bailout – CNN.com WASHINGTON (AP) — Congressional leaders and the Bush administration have reached a tentative deal on a bailout of imperiled financial markets that could cost taxpayers hundreds of [...] Lost amongst the wreckage of the current financial crisis is the latest news of the Bush Administration’s utter disregard for civil rights. Feds give customs agents free hand to seize travelers’ documents (09-23) 17:06 PDT SAN FRANCISCO — The Bush administration has overturned a 22-year-old policy and now allows customs agents to seize, read and [...] Buffett Right, U.S. Bank Plan May Cost Nothing Sept. 25 (Bloomberg) — President George W. Bush, billionaire Warren Buffett and BlackRock Inc.’s Laurence Fink are “absolutely” right to say a $700 billion U.S. plan to buy assets from financial firms may cost taxpayers nothing even with purchases at above-market prices, a top-rated analyst said. [...] |
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