From the Wall Street Journal: Senate Passes Bailout Package House Passage Remains Less Certain WASHINGTON -- The Senate's revamped bailout package drew support from 74 lawmakers in a roll call vote Wednesday evening, and the measure will now … [Continue reading] about Senate Passes Crap Sandwich 2.0 74-25
Crap Sandwich Redux: Senate to Vote on Bailout Bill
Michelle Malkin and Ed Morrissey have the details on this 451 page monstrosity... That's right 451 pages! The original Paulson Plan was roughly two pages, the house bill was just over 100 and the senate bill is 451 pages. Some of the additions in … [Continue reading] about Crap Sandwich Redux: Senate to Vote on Bailout Bill
Flamethrower: Thaddeus McCotter
It's pure unadulterated demagoguery but it's still a hell of speech! With all due respect Congressman Wall Street didn't cause this problem... They played their part but it was Congress and government regulators who, in the name of affordable … [Continue reading] about Flamethrower: Thaddeus McCotter
Mark Levin: Thank You, House Republicans
Mark Levin writing in National Review Online's Conner Blog: I have read the posts here and elsewhere. Sometimes these things are made to look more complicated than they really are. From an economic perspective, if the problem is liquidity and … [Continue reading] about Mark Levin: Thank You, House Republicans
The New York Sun
What a run... One of last true newspapers in America, the New York Sun, is closing it's doors today. I've been a reader and a fan of the Sun from the start... Over the last 6 and half years it's front page has carried everything from photographs … [Continue reading] about The New York Sun
Crash & Burn: $700 Billion “Crap Sandwich” Goes Down In Flames!
Whoa... I was expecting a close vote on bailout bill but this is a complete shock. The bailout bill has crashed and burned in the House. The vote was 228 nay to 205 yea with 1 not voting. Democrats supported the bill 140-95, while Republicans … [Continue reading] about Crash & Burn: $700 Billion “Crap Sandwich” Goes Down In Flames!
The Good, The Bad and The Ugly…
The Good (H/T: MM): Congressman Jeb Hensarling (R-TX), Chairman of the House Republican Study Committee, today issued the following statement on the agreement reached by House and Senate negotiators on the Paulson plan, and his intentions on the … [Continue reading] about The Good, The Bad and The Ugly…
Bailout Deal Reached?
The Wall Street Journal is reporting that lawmakers reached a tentative bailout deal overnight: Top U.S. policy makers emerged from hours of tense negotiations with a clear message just after midnight Sunday morning: A deal to bailout U.S. financial … [Continue reading] about Bailout Deal Reached?
Video: In Their Own Words…
Poll Question: Who Won The First Debate
[poll id="5"] Overall I thought McCain won on points… Although it was closer than it should have been. McCain clearly won on foreign policy but on the economy it was at best a draw. McCain needs to drop the populist rhetoric and stand up for … [Continue reading] about Poll Question: Who Won The First Debate
Video: Burning Down The House: What Caused Our Economic Crisis?
This video has been floating around the web for a couple of days... It provides a detailed look at how the Community Reinvestment Act was used to push banks into sub-prime mortgages and how that distorted the housing market... And helped create the … [Continue reading] about Video: Burning Down The House: What Caused Our Economic Crisis?
Crash & Burn: Harry Reid’s $56 Billion Stimulus/Oil Shale Ban Bill Augers In.
Reuters is reporting that Harry Reid's $56.2 Billion economic stimulus/oil shale ban bill has failed in the Senate: WASHINGTON (Reuters) - The Senate on Friday blocked a $56.2 billion economic stimulus package that would have extended unemployment … [Continue reading] about Crash & Burn: Harry Reid’s $56 Billion Stimulus/Oil Shale Ban Bill Augers In.
Back on the Trail…
Statement from the McCain Campaign on negotiations (H/T: Rich Lowry): John McCain’s decision to suspend his campaign was made in the hopes that politics could be set aside to address our economic crisis. In response, Americans saw a familiar … [Continue reading] about Back on the Trail…
Bailing on the Bailout?
It looks like the bailout deal, if there ever was one, is collapsing... Democrats and Paulson are whining. ABC News' George Stephanopoulos Reports: Treasury Secretary Henry Paulson fears the Wall Street bailout deal is falling apart after a chaotic … [Continue reading] about Bailing on the Bailout?