Bailout Talks Go On Amid Presidential Scuffle
Dems Rip McCain, McCain Rips Obama as Leaders Try to Revive $700B Bailout
By JAKE TAPPER, CHARLES HERMAN and Z. BYRON WOLF - Sept. 25, 2008
ABC News
Members of Congress and Treasury Secretary Henry Paulson returned at the Capitol tonight to try to revive a $700 billion bailout plan that became the focus of partisan finger pointing and attacks on the presidential nominees after a meeting today at the White House.
Result of bipartisan meeting on bailout seems intensified partisan infighting.
Senate Majority Leader Harry Reid said bipartisan negotiators at an 8 p.m. ET session at the Capitol were trying to "put this train back on the tracks." The meeting broke up after 10 p.m. with no agreement
Reid continued to cast blame on Republicans, and specifically Republican presidential nominee Sen. John McCain, R-Ariz.
Reid said McCain was "not helpful" by suspending his campaign and heading to Washington, claiming it was difficult to "understand what John McCain said at the [White House] meeting." He said McCain spoke last and only for several moments, and did not contribute anything.
"McCain only hurt this process," Reid said.
Asked if McCain expressed interest in taking part in negotiations on Capitol Hill, Reid said, "No."
Soon after Reid's attack, which followed another blast at McCain by House Financial Services Chairman Barney Frank, D-Mass., the McCain campaign suggested Democratic presidential nominee Sen. Barack Obama, D-Ill., was at fault.
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Bailout Talks Go On Amid Presidential Scuffle
Showing posts with label financial crisis. Show all posts
Showing posts with label financial crisis. Show all posts
Thursday, September 25, 2008
Wednesday, September 24, 2008
Economic fears give Obama a clear lead in poll
Economic fears give Obama a clear lead in poll
Survey gives Democrat a 9-point edge over McCain among likely voters
By Dan Balz and Jon Cohen - Washington Post
Turmoil in the financial industry and growing pessimism about the economy have altered the shape of the presidential race, giving Democratic nominee Barack Obama the first clear lead of the general-election campaign over Republican John McCain, according to the latest Washington Post-ABC News national poll.
Just 9 percent of those surveyed rated the economy as good or excellent, the first time that number has been in single digits since the days just before the 1992 election. Just 14 percent said the country is heading in the right direction, equaling the record low on that question in polls dating back to 1973.
More voters trust Obama to deal with the economy, and he currently has a big edge as the candidate who is more in tune with the economic problems Americans now face. He also has a double-digit advantage on handling the current problems on Wall Street, and as a result, there has been a rise in his overall support. The poll found that, among likely voters, Obama now leads McCain by 52 percent to 43 percent. Two weeks ago, in the days immediately following the Republican National Convention, the race was essentially even, with McCain at 49 percent and Obama at 47 percent.
Read the rest of the story:
Economic fears give Obama a clear lead in poll
Survey gives Democrat a 9-point edge over McCain among likely voters
By Dan Balz and Jon Cohen - Washington Post
Turmoil in the financial industry and growing pessimism about the economy have altered the shape of the presidential race, giving Democratic nominee Barack Obama the first clear lead of the general-election campaign over Republican John McCain, according to the latest Washington Post-ABC News national poll.
Just 9 percent of those surveyed rated the economy as good or excellent, the first time that number has been in single digits since the days just before the 1992 election. Just 14 percent said the country is heading in the right direction, equaling the record low on that question in polls dating back to 1973.
More voters trust Obama to deal with the economy, and he currently has a big edge as the candidate who is more in tune with the economic problems Americans now face. He also has a double-digit advantage on handling the current problems on Wall Street, and as a result, there has been a rise in his overall support. The poll found that, among likely voters, Obama now leads McCain by 52 percent to 43 percent. Two weeks ago, in the days immediately following the Republican National Convention, the race was essentially even, with McCain at 49 percent and Obama at 47 percent.
Read the rest of the story:
Economic fears give Obama a clear lead in poll
Sunday, September 21, 2008
5 days to first debate, Obama climbs in polls
5 days to first debate, Obama climbs in polls
His rise comes amid a $700 billion bailout plan to save the U.S. economy
Associated Press - September 20, 2008
WASHINGTON - Five days from their first presidential debate, Democrat Barack Obama has climbed in the polls as Republican John McCain fumbled his response to a looming U.S. economic cataclysm — one that threatened to match the financial catastrophe of the 1930s Great Depression.
The U.S. Congress and the administration of President George W. Bush were grappling with a proposed $700 billion bailout plan to save the U.S. economy from full collapse, feeding anxiety among voters who already were far more concerned about their financial futures than any other issue in the 2008 presidential campaign — including the intractable U.S.-led wars in Iraq and Afghanistan.
After withholding his response while the Bush administration put together its program, Obama on Sunday placed seven conditions on the rescue proposal which he said came with a "staggering price tag" but no plan to guarantee the "basic principles of transparency, fairness, and reform" to taxpayers who will pay for the huge bailout.
Read the rest of the story:
5 days to first debate, Obama climbs in polls
His rise comes amid a $700 billion bailout plan to save the U.S. economy
Associated Press - September 20, 2008
WASHINGTON - Five days from their first presidential debate, Democrat Barack Obama has climbed in the polls as Republican John McCain fumbled his response to a looming U.S. economic cataclysm — one that threatened to match the financial catastrophe of the 1930s Great Depression.
The U.S. Congress and the administration of President George W. Bush were grappling with a proposed $700 billion bailout plan to save the U.S. economy from full collapse, feeding anxiety among voters who already were far more concerned about their financial futures than any other issue in the 2008 presidential campaign — including the intractable U.S.-led wars in Iraq and Afghanistan.
After withholding his response while the Bush administration put together its program, Obama on Sunday placed seven conditions on the rescue proposal which he said came with a "staggering price tag" but no plan to guarantee the "basic principles of transparency, fairness, and reform" to taxpayers who will pay for the huge bailout.
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5 days to first debate, Obama climbs in polls
Saturday, September 20, 2008
Thursday, September 18, 2008
Bush says he’s worried about financial crisis
Bush says he’s worried about financial crisis
President cancels fundraising trips to focus on continuing market meltdown
September 18, 2008
WASHINGTON - Eager to show that he feels people’s pain, President Bush scuttled a political fundraising trip Thursday to tell the country his administration is working feverishly to calm turmoil in the financial markets.
Bush was supposed to spend the day in Alabama and Florida raising money for Republicans and talking energy policy. He canceled his trip and sent Vice President Dick Cheney to sub for him at the fundraisers to focus on the worst financial meltdown since the Great Depression.
“The American people are concerned about the situation in our financial markets and our economy,” Bush said. “And I share their concerns.”
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Bush says he’s worried about financial crisis
President cancels fundraising trips to focus on continuing market meltdown
September 18, 2008
WASHINGTON - Eager to show that he feels people’s pain, President Bush scuttled a political fundraising trip Thursday to tell the country his administration is working feverishly to calm turmoil in the financial markets.
Bush was supposed to spend the day in Alabama and Florida raising money for Republicans and talking energy policy. He canceled his trip and sent Vice President Dick Cheney to sub for him at the fundraisers to focus on the worst financial meltdown since the Great Depression.
“The American people are concerned about the situation in our financial markets and our economy,” Bush said. “And I share their concerns.”
Read the rest of the story:
Bush says he’s worried about financial crisis
Wednesday, September 17, 2008
Tuesday, September 16, 2008
Changing the Subject From Sarah Palin to Wall Street
Changing the Subject From Sarah Palin to Wall Street
September 16, 2008 US News and World Report - Bonnie Erbe
Wall Street's Monday lurch has wiped Alaska Gov. Sarah Palin off the front pages. That's probably a good thing for Palin as her former press secretary made the loony claim that "Obama operatives" have "hijacked" for political purposes the Alaska investigation into the firing of her public safety commissioner.
From CNN.com:
Former Palin Press Secretary Meg Stapleton told reporters in Anchorage that the power probe has been 'hijacked' by 'Obama operatives' for the Democratic presidential nominee—namely, Alaska state Sen. Hollis French, the Democratic lawmaker managing the investigation and an Obama supporter. French has denied working on behalf of the Obama campaign.
Rarely in the annals of American political history have claims so far-fetched been made by a high-level aide, whether present or former. Remember, dear readers, the Palin investigation was launched well before Palin was on the McCain team, and at a time when her name as a vice presidential prospect was barely being mentioned.
Read the rest of the story:
Changing the Subject From Sarah Palin to Wall Street
September 16, 2008 US News and World Report - Bonnie Erbe
Wall Street's Monday lurch has wiped Alaska Gov. Sarah Palin off the front pages. That's probably a good thing for Palin as her former press secretary made the loony claim that "Obama operatives" have "hijacked" for political purposes the Alaska investigation into the firing of her public safety commissioner.
From CNN.com:
Former Palin Press Secretary Meg Stapleton told reporters in Anchorage that the power probe has been 'hijacked' by 'Obama operatives' for the Democratic presidential nominee—namely, Alaska state Sen. Hollis French, the Democratic lawmaker managing the investigation and an Obama supporter. French has denied working on behalf of the Obama campaign.
Rarely in the annals of American political history have claims so far-fetched been made by a high-level aide, whether present or former. Remember, dear readers, the Palin investigation was launched well before Palin was on the McCain team, and at a time when her name as a vice presidential prospect was barely being mentioned.
Read the rest of the story:
Changing the Subject From Sarah Palin to Wall Street
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