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Power Line (powerlineblog.com) has great US Economic Bailout of 2008 news, photos, videos and more
The conventional widsom holds that John McCain suffered because he "suspended his campaign" and returned to Washington during the September bailout debate. By the same token, it is thought that Barack Obama enhanced his prospects by taking a more passive, "above the fray" approach. Oba...
Yet when Nancy Pelosi accused the Bush administration and Republican deregulation of causing the crisis, you in the press did not hold her to account for her lie. Instead, you criticized Republicans who took offense at this lie and refused to vote for the bailout!
As far as the broader issue of what to do (if anything) about the hundreds of billions of dollars worth of questionable mortgage-backed instruments is concerned, I have heard no coherent explanation of why the taxpayers need to buy those assets. This is the most expensive, most intrusive...
Michele Bachmann writes: Today marks an historic moment for America as a solid bipartisan majority of Congress rejected the fatally flawed Paulson Plan. Standing shoulder to shoulder with taxpayers, we declared that we can do better.
Nancy Pelosi must be the most ineffective House Speaker of modern times. The Democrats have achieved virtually nothing since taking control of the House and Senate in 2006, and have consistently avoided the responsibility that goes with being the majority party. Which may explain why, u...
Why don't we have a firmer formula for how Paulson (or, again, an Obama Treasury Secretary) will determine the value of the toxic debt before the government starts throwing money at it. Now, I've heard all the arguments about how, for the bailout to "work," a premium above current value wou...
PAUL adds: John McCain, of course, did not rally many conservative Republicans behind the bailout legislation. But McCain has never had much influence with the conservative wing of his party; there just isn't sufficient ideological affinity. And he at least suspended his campaign in an...
The role played by John McCain appears to have been a constructive one. He supported and worked with the House Republicans. The Democrats no doubt wanted his support for the final product, and that must have enhanced the Republicans' position at the table. The Democrats would not have wante...