Posted on October 7th, 2008 by Pamela Leavey
According to a new CNN/Opinion Research Corp. poll, nearly “six out of ten Americans believe another economic depression is likely.” I wasn’t one of the lucky folks polled, but I have to say I’d be among those “six out of ten Americans” who believe an “economic depression is likely.”
From where I sit, the economy has [...]
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Filed under: Bush Admin, BushCo, Corporatism, Credit Crisis, Democrats, Economic News, Economy, Election '08, In The News, McCain-Palin '08, Obama-Biden 08, Pamela Leavey, Political News, Politics, Polls, Presidential Election, Republicans, Wall Street
Posted on September 29th, 2008 by Pamela Leavey
Here’s some food for thought today after the Bail Out Bill failure in the House: What If We Had An Economic Apocolypse? What would happen? What would you do?
Jazz Shaw explains on The Moderate Voice. I have to say one of the reasons I am moving to Maine is to live somewhere more economical that also [...]
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Posted on September 29th, 2008 by Pamela Leavey
There’s a lot of finger pointing going on in the wake of the Bail Out Bill failure in the House today (see Roll Call vote here).
Barack Obama said today that “he believed Congress would ultimately pass a proposed $700 billion financial bailout deal, despite its initial rejection by the House of Representatives.”
“I’m confident that we’re going [...]
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Posted on September 29th, 2008 by Pamela Leavey
The NY Times reports that the House is bracing for a “difficult vote set for Monday on a $700 billion rescue of the financial industry after a weekend of tense negotiations produced a plan that Congressional leaders portrayed as greatly strengthened by new taxpayer safeguards.”
The 110-page bill, intended to ease a growing credit crisis, came [...]
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Filed under: Congress, Corporatism, Credit Crisis, Democrats, Economic News, Economy, House of Reps, In The News, N.Y. Times, Pamela Leavey, Political News, Politics, Republicans, Wall Street
Posted on September 25th, 2008 by Stuart O'Neill
David Letterman received a personal phone call from McCain explaining that he had cancel his scheduled appearance to rush to Washington to save the economy. Fine, that’s a reasonable excuse. Letterman was peeved at the whole thing and the beginning of this video shows that clearly.
After the show had started, his staff found out that [...]
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Filed under: Corporatism, Credit Crisis, Economy, Election '08, In The News, John McCain '08, Politics, Presidential Debates, Presidential Election, Republicans, Senate, Stuart O'Neill, TV, Wall Street
Posted on September 23rd, 2008 by Pamela Leavey
In an interview this morning on CBS’s “The Early Show,” Senator Hillary Clinton said “Barack Obama is going to be elected the next president and that she has “no doubt” about it.”
Clinton also said that while she recognizes that race and gender play a role in the minds of voters as they make their presidential [...]
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Posted on September 22nd, 2008 by Pamela Leavey
I’ve just finished reading the key points to Senator Chris Dodd’s alternative to the bail out plan and I have to say I agree with the folks like Paul Krugman who are saying this is more like it — it’s a “step in the right direction.” The thing is, as Krugman points out:
Paulson displayed a [...]
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Posted on September 22nd, 2008 by Pamela Leavey
McCain aide Rick Davis wasn’t too happy today about being called out by the NY Times, on his ties to Fannie & Freddie and particularly the role he “played in helping Fannie Mae and Freddie Mac beat back regulatory challenges when he served as president of their advocacy group, the Homeownership Alliance, formed in the [...]
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Posted on September 22nd, 2008 by Pamela Leavey
I spent the weekend preparing for my move cross country, which I have been alluding to here for a while. I will finally be posting about it later this week. What I can tell readers now, is that the planned move has arisen out of the financial crisis our country is in.
As I noted here [...]
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Posted on September 21st, 2008 by Stuart O'Neill
First, this isn’t Bush’s plan. It’s the plan of experienced financial leadership, in government and mostly outside, of pretty realistic people trying to overcome the bullshit passed years ago that caused this mess. Bush couldn’t explain the details of this plan if he had a….well he just couldn’t. [This is a long post but please [...]
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Posted on September 20th, 2008 by Stuart O'Neill
Last week I was adamant that the sky wasn’t falling in on us as a result of Wall Street’s instability. I still believe that is true. It is also true, however, that the government has to take quick action, and I mean over the weekend, or we may be in deep bandini. There are so [...]
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Posted on September 17th, 2008 by Pamela Leavey
Grab a good strong cup of coffee this morning and ask yourself if you really feel confident with the current state of the economy or for that matter, the current leadership in America? Take a couple of swigs and ask yourself, who you think will bring change to Washington, D.C. and America. You know the [...]
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Filed under: Congress, Corporatism, Credit Crisis, Democrats, Economic News, Economy, Energy, Gas Prices, House of Reps, Housing, In The News, Pamela Leavey, Political News, Politics, Presidential Election, Republicans, Wall Street
