From the Wall Street Journal: Congress reached an agreement in principle on a $700 billion package to bail out the financial industry, leaders from both parties said Thursday. They plan to present the deal to the White House later Thursday, hoping for a vote within days. Lawmakers said there were few hurdles remaining. “There really […]
Harry Reid Trying To Sneak Oil Shale Ban Back Into Legislation
Senator Jim DeMint’s office reports that Senate Majority Leader Harry Reid is trying to sneak an extension of the oil shale ban into legislation under cover of the bailout frenzy. Sec 1602 continues ban on oil shale. The language follows: SEC. 1602. Notwithstanding any other provision of law, including section 152 of division A of […]
A Failure of Leadership
What I said yesterday about McCain and leadership… Scratch that. My first reaction to John McCain’s announcement that he was suspending his campaign and returning Washington to help craft a financial bailout plan was positive. I though it was bold move that could pay huge dividends down the road. This morning, after rolling it around […]
Anatomy of a Crisis
The more I think about the Bush Administration’s proposed 700 billion dollar back bailout the madder I get. The “credit crisis” wasn’t created by by greed and mismanagement on Wall Street. It was created by politicians who thought they could substitute well intentioned politically correct regulation for sound financial practices. Economist Stan Liebowitz has an […]
Leadership: McCain To Suspend Campaign To Focus On Economy
John McCain has announced that he will temporarily suspend his campaign, effective tomorrow, so that he can return to Washington to work on the Wall Street bailout plan. He has also asked the Commission on Presidential Debates to postpone the debate scheduled on Friday in Oxford, Mississippi until congress has had chance to address the […]
Poll Question: If The Election Were Held Today Who Would You Vote For?
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Dear Mr. Obama…
A message from a military wife. H/T: Floppingaces.
What Sarah Palin Would Have Said
The New York Sun has the speech Governor Palin would have given today had her appearance at a rally to protest Iranian President Mahmoud Ahmadinejad’s appearance to the UN not been canceled. I am honored to be with you and with leaders from across this great country — leaders from different faiths and political parties […]
Credit Crisis Redux
Today’s Wall Street Journal takes a look at our current credit crisis and how we got here. Among the culprits the Journal identifies: The Federal Reserve. Fannie Mae and Freddie Mac. A credit-rating oligopoly. Banking regulators. The Community Reinvestment Act. The conclude their analisys by thusly: We could cite other Washington policies, including the political […]
USA – USA – USA
Congratulations to captain Paul Azinger and the US Ryder Cup Team of Phil Mickelson, Stewart Cink, Kenny Perry, Jim Furyk, Anthony Kim, Justin Leonard, Ben Curtis, Boo Weekley, Chad Campbell, J.B. Holmes, Hunter Mahan and Steve Stricker on their incredible victory over an outstanding European team lead by Nick Faldo. Team USA ended a 9 […]
The Surge & Sarah…
I was planning on taking a weekend hiatus from blogging for various reasons but I thought I’d take a short hiatus from my hiatus to point out a couple must reads. The first is Matthew Kaminski’s interview with retired general Jack Kean In the Wall Street Journal. Gen. Kean who was one of the officers […]
Sierra Hotel! The Gang of 20 Folds!
The Hill is reporting that Lindsey Graham and his gang of wimps have folded… For now anyway. A bipartisan group of senators who sought a compromise in the rancorous energy debate won’t introduce their bill before lawmakers adjourn for the elections, several Senate aides said Thursday. Instead, the so-called Gang of 20 will offer a […]
Palin E-mail Hack Follow-up – Updated
Updates Below the Fold… As I mentioned yesterday the FBI and Secret Service have opened a criminal investigation into the unauthorized access of Sarah Palin’s private e-mail account. That investigation is undoubtedly progressing quietly outside the public view. According to media reports the Associated Press has refused a Secret Service request for copies of the […]
Are American Voters Susceptible To Blackmail?
Daniel Johnson, the editor of Standpoint has an interesting Op-Ed in today’s New York Sun: LONDON — Are American voters susceptible to blackmail? Ever since Sarah Palin lifted John McCain’s campaign, it is becoming increasingly clear that America will be branded racist if Europe does not wake up on November 5 to find that Barack […]
Sarah Palin’s Private E-mail Account Hacked – Updated
Scroll For Updates… Network World and Wired are reporting that Sarah Palin’s private Yahoo mail account has been hacked and that screenshots of messages have been posted on various web sites. From Wired: Vice-presidential candidate Sarah Palin’s private Yahoo e-mail account was hacked, and some of its contents posted on the internet Wednesday. The internet […]