Congress May Have A Deal For Bailout
From the New York Times late last night: WASHINGTON — Congressional leaders and the Bush administration reached a tentative agreement early Sunday on what may become the largest financial bailout in American history, authorizing the Treasury to purchase $700 billion...
First Presidential Debate: Exercise In Futility, Part 1
Here’s Part 1 of my assessment of Friday night’s Presidential Debate. Part 2 will come on Sunday. All I can say is, I was wrong. Jim Lehrer does want to be the next Tim Russert. I will say, I did not sense any partisanship on Lehrer’s part, but he...We Interrupt This Election To Congratulate Philadelphia
The Philadelphia Phillies just clinched (with one game remaining) the Eastern Division after beating the Washington Nationals 4-3. The New York Mets (as some of you know) is the team I follow, and although they won today, the Phillies had to lose both of their last...Open Thread For Post-debate Reaction
Although I would have ideally preferred to provide immediate reaction during and after tonight’s debate, I have a commitment at church that I need to attend to. Therefore, I’ll be recording the debate and providing feedback on Saturday, hopefully around...Congress Still Working Out The Bailout
Congressional leaders are still working through what to do after the stony reception they received from the Administration late Wednesday. I was much more comfortable (not that I was happy mind you) with the proposal that had been brought to Bush and Paulson. The...McCain To Attend Tonight’s Debate
A short while ago it was announced that John McCain would participate in the debate planned tonight at the University of Mississippi. Both McCain and Obama are getting ready to fly out of Washington shortly. McCain believes, evidently, that enough progress is being...
Barack Obama: Follower
Does it not bother anyone that Senator Obama’s response to the biggest financial crisis in the world in nearly 80 years is to say “If I can be helpful, I’m available”??? Is that what someone who wants to be the leader of the free world should...
McCain Will Suspend Campaign, Requests Postponing Debate
John McCain today announced he is suspending his campaign while he works in Congress to resolve the current economic crisis. He also asked that the debate scheduled for this Friday night be postponed. Here are John’s remarks made today in New York City...
Warren Buffett: Smarter Than Treasury
In an interview on CNBC television today, Warren Buffett disclosed that he wants to pursue buying some of AIG’s units. This could reduce the impact of the AIG bailout on taxpayers since Berkshire Hathaway can help shore up some of the weaknesses in AIG as those...Stay in Touch
