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Bush Mouthpiece Admits: They've Been Sitting on this Plan — Hidden in an article reporting that Cheney's going to go hunt up some support for the $700,000,000,000 bailout is this admission that the Bush Administration has been sitting on it for some time: … Which raises three questions for me:
Discussion:
Buck Naked Politics, Roll Call, The Huffington Post, Newshoggers.com, Hullabaloo and The Mahablog
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Paulson: I Didn't Suggest Oversight In The Bailout Plan Because That Would Be ‘Presumptuous’ — This morning, Treasury Secretary Henry Paulson testified before the Senate Banking Committee on the current financial crisis. Nearly every senator on the panel criticized the $700 billion bailout …
Discussion:
Crooks and Liars, Paul Krugman, Buck Naked Politics, Open Left, The Lede, Portfolio, MoJoBlog, Matthew Yglesias, Democrats.com and New York Times
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There Is No Crisis—Summary — Things are getting a little suspicious about this “crisis.” — Why did the Bush administration suddenly declare a “crisis” during the final two weeks when Congress would be in session during his presidency? Is it maybe because, after the election …
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Chuck Schumer to Sec. Paulson: Why $700 billion? Why not $150 billion?
Discussion:
The RBC
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McCain Aide's Firm Was Paid by Freddie Mac — WASHINGTON— One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month to a firm owned by Senator John McCain's campaign manager from the end of 2005 through last month, according to two people with direct knowledge of the arrangement.
Discussion:
Washington Monthly, Firedoglake, The New Republic, The Anonymous Liberal, Talking Points Memo, Taegan Goddard's …, Think Progress, Jonathan Martin's Blogs, Fox News, Booman Tribune, ECHIDNE OF THE SNAKES, Kevin Drum, Economist's View, AMERICAblog News, The Jed Report, TIME.com and Donklephant
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Palin Camp Goes To New Lengths To Shut Out Media — From CBS News' Scott Conroy: — (NEW YORK) Update: After media outlets complained to the McCain/Palin campaign about its attempt to prevent an editorial presence at Gov. Palin's first meeting of the day, a pool producer was allowed …
Discussion:
Newshoggers.com, The Huffington Post, Associated Press, Macsmind, Marc Ambinder, The Daily Dish, Scholars and Rogues, Jules Crittenden, The Gun Toting Liberal, Stop The ACLU, The Swamp, The Hill's Blog Briefing Room, Top of the Ticket, Comments from Left Field, Christian Science Monitor, Political Radar, The Impolitic, The Moderate Voice and No More Mister Nice Blog
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Stephanopoulos: McCain Holds Key to Administration's Bailout Passage on Capitol Hill — ABC News' George Stephanopoulos reports: If Republican presidential candidate Sen. John McCain doesn't vote for the Bush administration's $700 billion economic bailout plan, some Republican …
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Gingrich: McCain should make bailout ‘Obama-Bush’ plan
Discussion:
The Swamp
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57% of Public Favors Wall Street Bailout — Obama Seen As Better Able to Address Crisis — By a margin of almost two-to-one the American public thinks the government is doing the right thing in investing billions of dollars to try to keep financial institutions and markets secure.
Discussion:
New York Times, Robert Reich's Blog, Political Punch, Hot Air, The Crypt's Blogs, Spin Cycle, Eunomia, The Daily Dish and TPM Election Central
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Americans Oppose Bailouts, Favor Obama to Handle Market Crisis — Sept. 24 (Bloomberg) — Americans oppose government rescues of ailing financial companies by a decisive margin, and blame Wall Street and President George W. Bush for the credit crisis. — By a margin of 55 percent to 31 percent …
Discussion:
The Moderate Voice
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Bernanke and Paulson: Here's Why We're Screwing You — At today's Wall Street Bailout Hearings, we finally learned what Hank Paulson and Ben Bernanke are thinking. Specifically, we learned what prices they plan to pay for the crap assets they're buying (more than they're worth).
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Some ballpark math on the US financial sector (i.e. just how big is $700b?)
Discussion:
Paul Krugman
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Chris Rock To Bill Clinton: ‘Hillary Lost!’ — As in his appearance on the View, Bill Clinton offered the most tepid support possible for Barack Obama's presidential ticket on David Letterman's Late Show last night. After repeatedly invoking his vanquished wife Hillary …
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A Note to Bill Clinton — Given that we would never have had the odious George W. Bush in the White House in the first place if it wasn't for your blow jobs, Bill, it seems obvious that you owe it to the people of this country, and especially to the parents whose kids died in the Iraq War …
Discussion:
NewsBusters.org
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House GOP rises up against Cheney — There was a time when Dick Cheney could turn back a Republican revolt on Capitol Hill. — That time is gone. — House Republicans rose up en masse against their vice president on Tuesday morning to blast an administration proposal …
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Democrats to let offshore drilling ban expire — WASHINGTON - Democrats have decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week, conceding defeat in a months-long battle with the White House and Republicans set off by $4 a gallon gasoline prices this summer.
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Biden garbles Depression history — Joe Biden's denunciation of his own campaign's ad to Katie Couric got so much attention last night that another odd note in the interview slipped by. — He was speaking about the role of the White House in a financial crisis.
Discussion:
Hot Air, HorseRaceBlog, The Corner, Ace of Spades HQ, The Moderate Voice, Political Machine, FOX Embeds and Right Wing News
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And the Media Worries about Palin's Experience and McCain's Age? — I think in the space of about the last 24 hours, Joe Biden claimed that the AIG bailout was bad, but then said it wasn't bad; — that his apology about the dirty McCain ad was, as they say, inoperative;
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Chattanooga: UT student not indicted in Palin e-mail hacking case … A federal grand jury in Chattanooga ended its session around lunch time today without indicting a University of Tennessee student who authorities believe may have hacked into vice presidential candidate Sarah Palin's personal e-mail account.
Discussion:
The Volokh Conspiracy, Hot Air, Threat Level, Gawker, ZDNet Government and The Other McCain
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Credit Is Not a Civil Right — I have no way of judging whether the Wall Street bailout is a necessary evil or an impending disaster. But we're in this mess, ultimately, because our political elites thought it was good social policy to encourage banks to give mortgages to uncreditworthy people …
Discussion:
Salon
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‘Grim’ Afghanistan Report To Be Kept Secret by US — “No Plans to Declassify” New National Intelligence Estimate for White House — US intelligence analysts are putting the final touches on a secret National Intelligence Estimate (NIE) on Afghanistan that reportedly describes the situation as …
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If Ohio polling looks like Chicago, ‘thank’ Brunner — Secretary of State Jennifer Brunner has a reputation as the most partisan state official in Ohio. And she works hard to earn it. The Democrat's latest stunt rejected absentee ballots for thousands of Republicans. — But it's not her first rodeo.
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CEO murdered by mob of sacked Indian workers — Corporate India is in shock after a mob of sacked workers bludgeoned to death the chief executive who had dismissed them from a factory in a suburb of Delhi. — Lalit Kishore Choudhary, 47, the head of the Indian operations of Graziano Transmissioni …
Discussion:
American Power
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Obama Dramatically Ramping Up Overall Ad Spending; Now Outgunning McCain — In a sign that the Obama campaign is getting serious about tapping his financial advantage over McCain with six weeks to go, Obama's overall spending on TV ads has jumped 50% in the last two weeks …