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Daily Kos
Daily Kos (feeds.dailykos.com) has great US Economic Bailout of 2008 news, photos, videos and more
Monday, Nov 24
The new price tag being bandied around: $7.4 trillion
The unprecedented pledge of funds includes $2.8 trillion already tapped by financial institutions in the biggest response to an economic emergency since the New Deal of the 1930s, according to data compiled by Bloomberg. The commitment dwarfs the only plan approved by lawmakers, the Tr...
Wednesday, Nov 19
What Can You Expect for $25 Billion?
The auto industry is desperate to get another $25 billion in funding, and it's likely that they'll get it -- though not until the GOP has a go at being the party that killed GM. As we limp toward the well-nigh inevitable bailout, there are some demands on the table.
Sunday, Nov 9
An Open Letter to Congressional Leadership
As immediate and as critical a task is providing every support for and pressure on the new President in fulfilling his promise to get us out of Iraq. There can be no backsliding on that promise on the part of the White House or the expanded Democratic caucuses in the House and Senate. We elected...
Wednesday, Oct 29
Open Thread for Night Owls, Early Birds & Ex-Pats
What David Sirota calls the Halliburton-ization of the U.S. bailout is helping banks buy up banks in America's casino capitalism, and now Russia is bailing out billionaires, many of whom got rich in the mafia capitalism that followed the collapse of the Soviet Union. All that sugar for hoi o...
Wednesday, Oct 15
Midday open thread
B.Y.: I think that Fannie Mae and Freddie Mac were also major factors. And I believe that many of the problems in the mortgage area can be attributed to the confluence of Democratic and Republican priorities: the Democrats' desire to give mortgages to people, particularly minorities, who c...
Friday, Oct 10
Well, There's Good News And Bad News...
Last month, when he defended his bailout plan before Congress, Treasury Secretary Henry Paulson was reluctant to have the government take an ownership stake in the banks that taxpayers are going to rescue. It came as a relief on Wednesday when he executed an about-face and said that the Tr...
Thursday, Oct 2
OR-Sen: Merkley on the Bailout Bill
I have dedicated much of my life to advocating for consumers and I believe it is just wrong to spend $700 billion of taxpayer money to bailout the very Wall Street financiers who created this crisis. This bill will allow those same executives to walk away with golden parachutes, while doing...
Wednesday, Oct 1
Senate bailout debate III
The bailout package is now] a much more measured approach, and responsible approach than has been represented, as what was presented by the Secretary early on. A $700 billion bailout. It is not that any more. It is a responsible, bipartisan effort to stand up for the economy of the United Stat...
Senate bailout debate II
This is a nation that's faced down war and depression, great challenges and great threats. And at each and every moment, we have risen up to meet these challenges. Not as Democrats, not as Republicans but as Americans with resolve and with confidence. With that fundamental belief that here i...
Senate bailout debate
For the taxpayers' sake, I also wrote a provision creating a special watchdog to track and protect taxpayers' dollars. I have said that American resources must be used wisely and efficiently. This bill includes my proposal to create an independent Inspector General to oversee this effor...
200 Economists Don't Believe In the Plan
The skeptics aren't advocating that Congress do nothing. [University of Chicago economist] Cochrane says the government should help, by taking steps like making it easier for banks to borrow money from the Federal Reserve. But he calls the bailout bill the "nuclear option."
Bailout About To Get Worse: You've Got To Freaking Be Kidding Me
Another possible change to the bill would call on regulators to modify "mark to market" accounting rules. Such rules require banks and other financial institutions to adjust the value of their assets to reflect current market prices, even if they plan to hold the assets for years.
Tuesday, Sep 30
10/1 Daily Kos R2K Tracking Poll: Obama 51 , McCain 41
In the race for the White House, McCain and Obama are running evenly among men, with Obama up seven points among women. Each wins about nine in 10 voters from their own parties, which gives Obama a small advantage because more Americans identify themselves as Democrats than Republicans.
Calming down
Throughout the day, I have received some email and seen some comments from people purporting to be "progressive" yet claiming that anyone who opposes the Paulson version of the bailout bill is thrilled to see the stock market decline today, and more generally, happy that America may go i...
Monday, Sep 29
Bailout Defeat Offers Opportunity
• grants the Federal Reserve Board the power to transform equity stakes in the firm into junior preferred stock at par value and then transfer ownership and custody of the firm to the Treasury Someone else who should get some face time among the Democrats is economist Nouriel Roubini.
9/30 Daily Kos R2K Tracking Poll: Obama 51, McCain 41
Obama McCain MoE +/- RV/LV Today Research 2000: 51 (51) 41 (42) 3 LV In the meantime, keep a close eye on the worldwide McCain/Republican market crash today (yesterday's was 777 points, most ever, and 1.2 trillion lost value.) The markets don't care for excuses.
Abbreviated Pundit Round-Up
David Brooks is disgusted that the bailout bill failed...but somehow manages to sugarcoat the Republican Party's part in its failure. Bob Herbert has a question for John McCain: Donald Lambro says to stop blaming Wall Street for the current economic crisis.
Midday Open Thread
With this legislation, the Senate has taken a crucial step toward a national broadband policy. The data collected would lay the foundation for policies in the next Congress to promote universal, affordable high-speed Internet access for all Americans.
Sunday, Sep 28
Last week's Democratic takedown of McCain
Reid told McCain to stay away, while Pelosi said: As for the White House meeting, that McCain had insisted on? CROWLEY: Fresh off that big White House meeting, Obama did not directly accuse McCain of mucking up a tentative bailout plan. He is more nuanced than that.
We've got them on the run
There are few excuses for not giving. If you want a progressive America and better Democrats in Congress (as well as one in the White House), you've got to step up. Give that first $10. Or $20. Or $100. It'll feel good. It's time to throw drowning Republicans a big frackin' anvil.
