Daily Archives: September 25, 2008

Bernie Sanders "You’re a socialist, Larry [Kudlow]"

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Filed under bailout, Financial crisis, Larry Kudlow, Senator Bernie Sanders, socialist

Bernie Sanders "You’re a socialist, Larry [Kudlow]"

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Filed under bailout, Financial crisis, Larry Kudlow, Senator Bernie Sanders, socialist

>Lawmakers Would Prefer McCain Butt Out Of Their Bailout Negotiations

>Yesterday, Sen. John McCain (R-AZ) abruptly announced that he was suspending his presidential campaign in order “to return to Washington to help forge an agreement on a proposed $700 billion bailout of financial institutions before Congress.” Top McCain aide Mark Salter told the Washington Post that McCain wanted to lock himself “in a room for the next 100 hours” with Sen. Barack Obama, congressional leaders and administration officials until they can “achieve some kind of consensus on something that will have the congress’s support.”

But lawmakers on Capitol Hill are not enthusiastic about the presidential candidates injecting themselves. Time’s Jay Newton-Small reported last night that “leaders from the left and the right rejected the idea of McCain and Obama taking over the talks”:

But leaders from the left and the right rejected the idea of McCain and Obama taking over the talks. When asked by reporters if he wanted McCain sitting in blow-by-blow negotiations Rep. Adam Putnam, the No. 3 House Republican, simply smirked, mute for ten seconds as reporters laughed. Democrats were more voiciferous in their rejection of McCain-Obama negotiations; New York Senator Chuck Schumer and Rep. Jim Clyburn, the No. 3 House Dem, both said if McCain had really cared where have he — and his staff — been in the negotiations thus far.

Putnam told Politico that “McCain and Obama were most valuable in speaking to the need for action rather than getting into the legislative details.” Rep. Spencer Bachus (R-AL), the ranking Republican on the House Financial Services Committee, indicated he didn’t want McCain’s help, pointing “McCain away from the House and toward the Senate.” House Majority Leader Steny Hoyer (D-MD) said the candidates return would “not be particularly helpful.”

House Financial Services Committee Chairman Barney Frank (D-MA), who is one of the chief negotiators of the bailout proposal, derided McCain’s “late entry into the negotiations“:

“McCain is Andy Kaufman in his Mighty Mouse costume – ‘Here I Come to Save the Day,’” Frank said as he left a Thursday morning caucus meeting with House Democrats, saying the Republican presidential candidate’s decision to enter the mix “is not helpful.”

“He hasn’t been involved,” Frank said. “He doesn’t know anything about it.”

Frank also mocked the idea that McCain could help with the details, quipping, “I guess if I wanted expertise there, I’d ask Sarah Palin.” One anonymous Republican ridiculed McCain’s plan to jump into negotiations, telling the Washington Post’s Dana Milbank, “Daddy’s coming home.”

Think Progress

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Filed under bailout, Barack Obama, Congress, Financial crisis, John McCain

Lawmakers Would Prefer McCain Butt Out Of Their Bailout Negotiations

Yesterday, Sen. John McCain (R-AZ) abruptly announced that he was suspending his presidential campaign in order “to return to Washington to help forge an agreement on a proposed $700 billion bailout of financial institutions before Congress.” Top McCain aide Mark Salter told the Washington Post that McCain wanted to lock himself “in a room for the next 100 hours” with Sen. Barack Obama, congressional leaders and administration officials until they can “achieve some kind of consensus on something that will have the congress’s support.”

But lawmakers on Capitol Hill are not enthusiastic about the presidential candidates injecting themselves. Time’s Jay Newton-Small reported last night that “leaders from the left and the right rejected the idea of McCain and Obama taking over the talks”:

But leaders from the left and the right rejected the idea of McCain and Obama taking over the talks. When asked by reporters if he wanted McCain sitting in blow-by-blow negotiations Rep. Adam Putnam, the No. 3 House Republican, simply smirked, mute for ten seconds as reporters laughed. Democrats were more voiciferous in their rejection of McCain-Obama negotiations; New York Senator Chuck Schumer and Rep. Jim Clyburn, the No. 3 House Dem, both said if McCain had really cared where have he — and his staff — been in the negotiations thus far.

Putnam told Politico that “McCain and Obama were most valuable in speaking to the need for action rather than getting into the legislative details.” Rep. Spencer Bachus (R-AL), the ranking Republican on the House Financial Services Committee, indicated he didn’t want McCain’s help, pointing “McCain away from the House and toward the Senate.” House Majority Leader Steny Hoyer (D-MD) said the candidates return would “not be particularly helpful.”

House Financial Services Committee Chairman Barney Frank (D-MA), who is one of the chief negotiators of the bailout proposal, derided McCain’s “late entry into the negotiations“:

“McCain is Andy Kaufman in his Mighty Mouse costume – ‘Here I Come to Save the Day,’” Frank said as he left a Thursday morning caucus meeting with House Democrats, saying the Republican presidential candidate’s decision to enter the mix “is not helpful.”

“He hasn’t been involved,” Frank said. “He doesn’t know anything about it.”

Frank also mocked the idea that McCain could help with the details, quipping, “I guess if I wanted expertise there, I’d ask Sarah Palin.” One anonymous Republican ridiculed McCain’s plan to jump into negotiations, telling the Washington Post’s Dana Milbank, “Daddy’s coming home.”

Think Progress

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Filed under bailout, Barack Obama, Congress, Financial crisis, John McCain

>Palin: ‘What The Bailout Does Is Help Those Who Are Concerned About Health Care Reform’

>

This is simply amazing! There is no better reason as to why the Presidential and Vice-Presidential debates need to go on as scheduled then the following exchange between Katie Curic and Republican VP nominee Sarah Palin on this mornings CBS Early Show.

During the interview, Couric asked Palin why she believes the Wall Street bailout is needed.

Palin responded incoherently by claiming that the bailout would “help those who are concerned about health care reform.” Palin then appeared to look down at her notes and says, “Oh, it’s got to be all about job creation”:

COURIC: Why isn’t it better, Governor Palin, to spend $700 billion helping middle-class families struggling with health care, housing, gas and groceries? … Instead of helping these big financial institutions that played a role in creating this mess?

PALIN: Ultimately, what the bailout does is help those who are concerned about the health care reform that is needed to help shore up the economy– Oh, it’s got to be about job creation too. So health care reform and reducing taxes and reining in spending has got to accompany tax reductions.

Click on the headline and watch the video !

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Filed under bailout, CBS, Financial crisis, Health Care, Katie Couric, Sarah Palin, the Early Show, Think Progress

Palin: ‘What The Bailout Does Is Help Those Who Are Concerned About Health Care Reform’

This is simply amazing! There is no better reason as to why the Presidential and Vice-Presidential debates need to go on as scheduled then the following exchange between Katie Curic and Republican VP nominee Sarah Palin on this mornings CBS Early Show.

During the interview, Couric asked Palin why she believes the Wall Street bailout is needed.

Palin responded incoherently by claiming that the bailout would “help those who are concerned about health care reform.” Palin then appeared to look down at her notes and says, “Oh, it’s got to be all about job creation”:

COURIC: Why isn’t it better, Governor Palin, to spend $700 billion helping middle-class families struggling with health care, housing, gas and groceries? … Instead of helping these big financial institutions that played a role in creating this mess?

PALIN: Ultimately, what the bailout does is help those who are concerned about the health care reform that is needed to help shore up the economy– Oh, it’s got to be about job creation too. So health care reform and reducing taxes and reining in spending has got to accompany tax reductions.

Click on the headline and watch the video !

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Filed under bailout, CBS, Financial crisis, Health Care, Katie Couric, Sarah Palin, the Early Show, Think Progress

Obama: Debate is ‘More Important Than Ever’

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Filed under Barack Obama, Financial crisis, Presidential Debates, press conference