SPECIAL REPORT AMERICA’S MONEY CRISIS Fed chairman says financial crisis will dampen economy well into 2009 and hints at future rate cuts; says recent actions by Fed, Treasury should help economy recover. NEW YORK (CNNMoney.com) — Federal Reserve Chairman Ben Bernanke predicted that the global financial markets crisis is likely to restrain the economy well [...]
Archive for October 7th, 2008
7 Oct
Bailout 101: What new law says
SPECIAL REPORT AMERICA’S MONEY CRISIS Here’s a rundown of key provisions of the financial rescue plan. By Jeanne Sahadi, CNNMoney.com senior writer Last Updated: October 4, 2008: 12:12 PM ET NEW YORK (CNNMoney.com) — It took two tumultuous weeks of moral and fiscal debate, but Congress and the Bush administration on Friday finally put a [...]
7 Oct
Bailout aimed at Wall Street – poll
SPECIAL REPORT AMERICA’S MONEY CRISIS CNN/Opinion Research survey shows only 40% of Americans think the $700 billion plan was aimed at helping Main Street. By David Goldman, CNNMoney.com staff writer October 7, 2008: 12:09 PM ET NEW YORK (CNNMoney.com) — The government said last week’s $700 billion financial bailout was necessary to help Wall Street [...]
7 Oct
New Poll: Obama Widens Lead & Majority of Americans Believe McCain is Just Another Bush
A new poll shows Obama widening his lead over John McCain. The same poll also shows that the majority of Americans believe that McCain is just another Bush. John McCain supports the same economic policies as George W. Bush.
7 Oct
KEATING ECONOMICS: John McCain & The Making of a Financial Crisis
Many on the left have been wondering for months when the media or the Obama campaign would bring up the Savings & Loan scandal, John McCain’s “membership” in the Keating 5, and the clear connections to the economic crisis the world is currently enduring. A few news programs have broached the topic, though usually [...]
7 Oct
Unfolding Worldwide Turmoil Could Reverse Years of Prosperity
TIPPING POINT? Traders work at the Brazilian Mercantile and Futures Exchange in Sao Paulo. Brazilian stocks plunged the most in a decade as commodity producers dropped, and trading was halted twice because of the decline. (By Marcos Issa — Bloomberg News) By David Cho and Binyamin Appelbaum Washington Post Staff Writers Tuesday, October 7, 2008; [...]
7 Oct
Palin’s Imaginary Washington
By Anne Applebaum Tuesday, October 7, 2008; Page A21 The Washington Post “I think we need a little bit of reality from Wasilla Main Street there, brought to Washington, D.C.” A specter is haunting this presidential election — the specter of “Washington.” Not Washington the city of museums and monuments, and not Washington the home [...]
7 Oct
Whose Health Plan?
By Ruth Marcus Tuesday, October 7, 2008; Page A21 The Washington Post The month before a presidential election isn’t the best time for reasoned debate about complicated policy. Here goes, anyway. Overall, Barack Obama‘s health-care plan is preferable to John McCain‘s. Obama’s approach — which would require employers to provide insurance or pay into a [...]
7 Oct
This Debate’s Biggest Loser
By Richard Cohen Tuesday, October 7, 2008; Page A21 The Washington Post Reading William Kristol‘s column in yesterday’s New York Times, I discover that Sarah Palin and I have something in common. Kristol, who was once Dan Quayle‘s chief of staff and therefore, shall we say, has a Mister Rogers approach to certain politicians, got [...]
7 Oct
Let’s Stop McCain-Palin Lies with ‘Pinocchio Politics’
Let’s Stop McCain-Palin Lies with ‘Pinocchio Politics’ John McCain and Sarah Palin are definitely bringing “change” to American politics. Sadly, it’s by campaigning entirely on bald-faced-lies. They lie about themselves: that McCain “fought” Bush’s disastrous policies while Palin “fought” the Bridge to Nowhere. But more importantly, they lie about Barack Obama. Now they’re saying he [...]
7 Oct
Full McCain/Keating video
Friend – John McCain wants you to forget about his role in our country’s last major financial crisis and costly bailout: the savings and loan crisis of the late ’80s and early ’90s. But voters deserve to know that the failed philosophy and culture of corruption that created the savings and loan crisis then are [...]
