And While You Weren’t Looking
The House has passed a $25 billion loan guarantee scheme for the Auto industry. And the Senate seems poised to agree to this too. Senator Carl Levin notes that there…
Top 10 REAL Reasons McCain Wants to Skip the Debate
This thread suggested by a loyal reader (not sure yet if he wants the credit) and starts the reasons: 10. I have to wax all 13 cars that night. 9. …
McCain Has Not Suspended His Campaign
And Jeffrey Toobin calls Bullshit on the media nonsense of the day: [youtube]http://www.youtube.com/watch?v=RVsOpwjY53E[/youtube] Good for him. I wrote NPR for being bamboozled by this earlier today. This campaign is not…
Deal
Apparently done. Apparently bipartisan altho another report I read had some hedging language from a Republican negotiator. Read it and tell us what you think. And done and announced before…
In Which We Are Reminded The Real Meaning of Country First
The important thing is for the American project to go on: Today is September 24. On this day in 1864, Abraham Lincoln presided over a country at war with itself…
Markell Beats Lee 2:1
I love that headline! XStryker points us to new DE polling from SUSA today. SurveyUSA 9/22-9/23, MoE 3.6%, N=703 LV Jack Markell (D) 64% Bill Lee (R) 29% 1 in…
McCain Suspends Campaign to Vote On Bailout
Details of today's maverickyness here. The suspension begins after he speaks to Mr. Bill's foundation conference on Thursday. Not today or tomorrow, while there are real negotiations ongoing to craft…
I Just Knew It!
REQUEST FOR URGENT BUSINESS RELATIONSHIP Just go read the whole thing.
Why Is The Bailout Urgent?
Seriously. I've been reading the usual stuff and haven't seen anyone who addresses the urgency of this bailout. What is so catastrophic out there that it needs to be taken…
Economists Warn of Another Market Close to Collapse
Now, this is a crisis! Economists Warn Anti-Bush Merchandise Market Close To Collapse
Dodd Takes Steps in the Right Direction
See here. I haven't read the draft (and won't until later today) but this looks like a start to remediating the Bush blank check. This likely doesn't go as far…
Won’t Get Fooled Again
A reminder of the consequences of cooperating with BushCo when they say their pants are on fire:
Bailout Nation — Hell No, Mr. Paulson
As Jason notes below (and in my comment) the scope of this bailout just gets bigger. Now we apparently are going to be on the hook for foreign banks (whose expose to this toxic stuff is worse than many of our own banks) and for the credit card debt your cousin Stewart racked up on vacation in Cabo.
Today, lots of very smart financial heads have been responding to the bailout proposal:
Robert Kuttner; Robert Reich; and Bob Borosage, and Dean Baker (this is a very detailed set of principles to guide the restructuring).