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Richard Sachs Cycles

It’s time

Sometimes, I really wish I didn’t have to turn to the foreign media to get the best news from an unbiased and objective perspective. The Economist has long been one of those foreign sources of news to which I have turned to get a broader perspective of world events.

The Economist generally has a [...]

Thank you, GOP!

From the New York Times:

Bailout Plan Stalls After Day of Talks; Paulson Heads Back to Capitol Hill – NYTimes.com

WASHINGTON — The status of a rescue plan for the nation’s financial system was in doubt on Thursday, at least for the moment, as lawmakers emerged from a meeting with President Bush to say that [...]

We’re on a “Road to Nowhere”

In yet another example that Sarah Palin is not the anti-earmark, anti-pork barrel spending reformist she claims to be, the Governor of Alaska allows a completely useless road to be built, just because the contract was already signed, an excuse that really doesn’t hold water. Contracts almost always have some sort of cancellation clause built [...]

What do the candidates propose?

Will candidates’ financial plans work? – CNN.com

(CNN) — In the wake of the country’s financial meltdown, Sens. Barack Obama and John McCain have been telling voters they’ll fix the economy while their opponent would only make it worse.

As the economy dominated voters’ concerns, McCain and Obama stepped up the political blame game and [...]

Wall Street Journal calls John McCain “un-Presidential”

McCain’s Scapegoat – WSJ.com.

John McCain has made it clear this week he doesn’t understand what’s happening on Wall Street any better than Barack Obama does. But on Thursday, he took his populist riffing up a notch and found his scapegoat for financial panic — Christopher Cox, the chairman of the Securities and Exchange Commission.

[...]

Questioning Sarah Palin

Palin takes questions at Michigan town-hall meeting – CNN.com

GRAND RAPIDS, Michigan (CNN) — Republican vice presidential candidate Sarah Palin took questions with her running mate Wednesday night, offering at one point to play “stump the candidate” with a mostly friendly Michigan crowd.

Asked for “specific skills” she could cite to rebut critics who question [...]

Biden it is, unless it isn’t.

Obama picks Joe Biden as VP candidate – CNN.com

(CNN) — Sen. Barack Obama has picked Delaware Sen. Joe Biden to be his running mate.

The longtime Democratic senator was long considered a likely choice for vice president, but the buzz surrounding him intensified after he returned earlier this week from a two-day trip to [...]

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 [...]

Hiring?

Clinton: ‘Think about this as a hiring decision’ – CNN.com

(CNN) — Despite Sen. Barack Obama’s commanding lead in the delegate count, Sen. Hillary Clinton campaigned hard Sunday, telling voters she’s “running for the toughest job in the world.”

Clinton spent her weekend in Kentucky, which, along with Oregon, holds its Democratic contest Tuesday.

Clinton [...]