Sunday 26 October 2008 by: John Dunbar, The Associated Press Treasury Secretary Henry Merritt “Hank” Paulson Jr. (Illustration: Paul Giambarba / t r u t h o u t) Washington – First, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets. Then [...]
Archive for October 29th, 2008
29 Oct
Distribution of Electoral Votes By State
Distribution of Electoral Votes Total Electoral Vote: 538 Needed to Elect: 270 State 1981-1990 1991-2000 2001-2010 Alabama 9 9 9 Alaska 3 3 3 Arizona 7 8 10 Arkansas 6 6 6 California 47 54 55 Colorado 8 8 9 Connecticut 8 8 7 Delaware 3 3 3 D.C. 3 3 [...]
29 Oct
The Socialism Scare
thinkprogress.org The Socialism Scare Recently, the right wing has seized on Sen. Barack Obama’s (D-IL) admission that he wants to “spread the wealth around” as evidence that his tax policies are somehow socialist, communist, or Marxist. Sen. Mel Martinez (R-FL) compared Obama’s policies to those of Cuba, saying, “Where I come from, where I was [...]
29 Oct
McCain on Whether He Wants to Raise the Minimum Wage: ‘Of Course Not’
Posted by Amanda Terkel, Think Progress at 4:38 PM on October 28, 2008. At least he’s consistent. Today in an interview with CNBC, Sen. John McCain (R-AZ) said that he wasn’t interested in raising the minimum wage: BARTIROMO: What about a minimum wage increase? Would you consider? MCCAIN: As long as we take care of [...]
29 Oct
Don’t Look Now, There’s a Huge Wave of Inflation Coming Toward Us
By Kevin Phillips, Huffington Post. Posted October 29, 2008. Paulson and Bernanke’s “rescue” have only begun to do their full long-term damage. The time has come to review how back in 2005-2006 George W. Bush — now increasingly perceived as another Herbert Hoover — picked two top appointees who helped steer him towards his fateful [...]
29 Oct
It’s Time for a Trillion-Dollar Tag Sale at the Pentagon
By Nick Turse, Tomdispatch.com. Posted October 29, 2008. When we want to get serious about a long-term bailout strategy, we’ll start dismantling the American empire and Pentagon programs. Wars, bases, and money. The three are inextricably tied together. In the 1980s, for example, American support for jihadis like Osama bin Laden waging war on (Soviet) [...]
29 Oct
How They Would Change Health Care: Obama
Obama’s Approach Emulates Massachusetts’s Except for Mandate on Covering All Adults By Amy Goldstein Washington Post Staff Writer Wednesday, October 29, 2008; Page A01 BOSTON — On the ninth floor of an office building just off the Boston Common, a group called Health Care for All runs a help line that, not long ago, got [...]
29 Oct
How They Would Change Health Care: McCain
McCain’s Proposal for High-Risk Coverage Is Similar to a Program in Minnesota By Amy Goldstein Washington Post Staff Writer Wednesday, October 29, 2008; Page A01 MINNEAPOLIS — When Diane Derichs’s husband was retiring from his assembly-line job making fruit bars for ConAgra Foods, the couple invited over an insurance agent to help her find a [...]
