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Richard Sachs Cycles

At what cost, “NO”?

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 [...]

September 30th, 2008 | Tags: , , , , , , , , , , , , , , , , , , , , , | Category: Current Events | Comments are closed

Bailout fails in House.

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?

[...]

September 29th, 2008 | Tags: , , , , , , , , , , , , , , , , , | Category: Current Events | 8 comments - (Comments are closed)

Text of EESA 2008

Finally, the text of the proposed Emergency Economic Stabilization Act of 2008 (Adobe PDF) has been released.

Summary as follows:

The $700 billion would be disbursed in stages, with $250 billion made available immediately for the Treasury’s use. Curbs will be placed on the compensation of executives at companies that sell mortgage assets to Treasury. [...]

September 28th, 2008 | Tags: , , , , , , , , , , , , , | Category: Current Events | Comments are closed

Summary of the Draft Proposal – WSJ.com

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 [...]

September 28th, 2008 | Tags: , , , , , , , , , , , , , , , , , , , , , | Category: Current Events | Comments are closed

Sarah Palin: the facts

Attacks, praise stretch truth at GOP convention – Yahoo! News

ST. PAUL, Minn. – Alaska Gov. Sarah Palin and her Republican supporters held back little Wednesday as they issued dismissive attacks on Barack Obama and flattering praise on her credentials to be vice president. In some cases, the reproach and the praise stretched the truth.

[...]

September 5th, 2008 | Tags: , , , , , , , , , , , , , , , , , , , , | Category: Current Events | Comments are closed

Bush Vetoes Waterboarding Ban

So what did I write late last night about human rights?

From the Wall Street Journal:

Bush Vetoes Waterboarding Ban – WSJ.com Associated Press March 8, 2008 10:13 a.m.

President Bush said Saturday he vetoed legislation that would ban the Central Intelligence Agency from using harsh interrogation methods such as waterboarding to break suspected terrorists [...]

March 8th, 2008 | Tags: , , , , , , , , , , , , , , , , , | Category: Current Events | Comments are closed
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