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Richard Sachs Cycles

Thoughts on the bail-out

Here’s a thought.

A $700-billion cost to the American taxpayer would come only if every single one of the mortgages that the government buys up defaults … that’s a lot of defaults.

There’s a lot of people out there that will do whatever they can to keep their homes, which means a good chunk of [...]

Scripting?

Palin to field voters’ questions for first time – CNN.com

GOLDEN, Colorado — After several joint campaign appearances with Sen. John McCain, Alaska Gov. Sarah Palin ventured off last week into solo campaign territory that was tightly controlled — no questions taken.

But for the first time since becoming McCain’s running mate, Palin will take [...]

Ever closer

I know a lot of people are worrying about whether or not Obama is going to be able to pull it off come November …

As things continue to deteriorate, and Sarah Palin continues to act like Dick Cheney with regards to keeping things secret and refusing to cooperate with investigators, the bloom will [...]

The fall of the House of Clinton

Terrific article on Economist.com this week analysing how Hillary Clinton’s campaign fell apart …

The Economist is a British newsmag, with a moderate lean to the right … but their articles are incredibly insightful and researched, and presented more objectively than any American media outlet.

The post-mortem | The fall of the House of Clinton [...]

A Defining Moment

Obama: I will be the Democratic nominee

WASHINGTON (CNN) — In what he called a “defining moment for our nation,” Sen. Barack Obama on Tuesday became the first African-American to head the ticket of a major political party.

Obama’s steady stream of superdelegate endorsements, combined with the delegates he received from Tuesday’s primaries, put him [...]

Michigan and Florida seated at the kid\’s table … but seated.

Florida, Michigan get all delegates, but each gets half vote – CNN.com

WASHINGTON (CNN) — After a day of wrangling in front of a sometimes unruly crowd, the Democratic National Committee’s rules and bylaws committee reinstated all of Florida and Michigan’s delegates to its party convention, with each getting a half-vote to penalize the states [...]

Michigan and Florida seated at the kid\'s table … but seated.

Florida, Michigan get all delegates, but each gets half vote – CNN.com

WASHINGTON (CNN) — After a day of wrangling in front of a sometimes unruly crowd, the Democratic National Committee’s rules and bylaws committee reinstated all of Florida and Michigan’s delegates to its party convention, with each getting a half-vote to penalize the states [...]

Clinton claims ‘Cover-up’

Bill Clinton: ‘Cover up’ hiding Hillary Clinton’s chances

(CNN) — Former President Bill Clinton said that Democrats were more likely to lose in November if Hillary Clinton is not the nominee, and suggested some were trying to “push and pressure and bully” superdelegates to make up their minds prematurely.

“I can’t believe it. It is [...]

Clinton and RFK

Clinton explains RFK assassination reference

BRANDON, South Dakota (CNN) — Sen. Hillary Clinton said Friday that she regretted comments that evoked the June 1968 assassination of Robert Kennedy as part of her explanation for why she was staying in the presidential race late into the primary season.

Earlier Friday afternoon, she told the editorial board [...]

Clinton attempting to buy superdelegates!

From the Huffington Post:

Superdelegates Turned Down $1 Million Offer From Clinton Donor

One of Sen. Hillary Clinton’s top financial supporters offered $1 million to the Young Democrats of America during a phone conversation in which he also pressed for the organization’s two uncommitted superdelegates to endorse the New York Democrat, a high-ranking official [...]