usdemocrats.com political news weblog
October 03, 2008
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usdemocrats.com political news weblog
October 03, 2008
back to weblog index
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Bail-out plan: US Senate passes
$700bn rescue package -------------------------------------------------------------------------------- |
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Dollar Advances After US Senate
Approves Bank Rescue Bill -------------------------------------------------------------------------------- http://www.bloomberg.com/apps/news?pid=20601091&sid=aLXkDSePUMAI&refer=india |
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Senate firmly backs bailout -------------------------------------------------------------------------------- http://www.boston.com/business/articles/2008/10/02/senate_firmly_backs_bailout |
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McCain, Obama help pass bailout
in Senate -------------------------------------------------------------------------------- |
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Senate backs sweetened bailout;
next is the hard part -------------------------------------------------------------------------------- http://www.startribune.com/politics/nati....DUvDE7aL_V_BD77:DiiUiD3aPc:_Yyc:aUU |
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Senate Passes Energy Tax Breaks
as Part of Markets Rescue Plan -------------------------------------------------------------------------------- http://www.bloomberg.com/apps/news?pid=20601087&sid=aCZUHXNlZrPA&refer=home |
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Senate Race Roundup -------------------------------------------------------------------------------- http://feeds.dailykos.com/~r/dailykos/index/~3/UXuBWc5uIVQ/616761 |
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Our attention has been consumed
with Wall Street drama -------------------------------------------------------------------------------- |
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WL citizen alleges election
fraud -------------------------------------------------------------------------------- http://www.westlinntidings.com/news/story.php?story_id=122289072003781400 |
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Obama launches iPhone app;
US election good for Twitter -------------------------------------------------------------------------------- |
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Voting goes to court -------------------------------------------------------------------------------- http://www.chicagotribune.com/news/chi-voter-registrationoct02,0,1278791.story |
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Election Race Diary Roundup
(10/1 –34 Days to Change) -------------------------------------------------------------------------------- http://feeds.dailykos.com/~r/dailykos/index/~3/nf-HzDqYC7s/617205 |
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More Polls Find Obama Vaulting
Ahead In Key Battle -------------------------------------------------------------------------------- |
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Canadian candidates to face
competition from US debates -------------------------------------------------------------------------------- http://www.taipeitimes.com/News/world/archives/2008/10/03/2003424877 |
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What would you ask the vice
presidential candidates about their ... -------------------------------------------------------------------------------- |
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Presidential candidates vote
yes on Senate bailout bill -------------------------------------------------------------------------------- |
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Presidential Candidates Urged
Peers in Senate to Support Rescue Effort -------------------------------------------------------------------------------- http://www.cqpolitics.com/wmspage.cfm?docID=news-000002968563 |
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C-SPAN Daily Alert -------------------------------------------------------------------------------- C-SPAN Highlights Tonight: Tomorrow: Tonight: Tomorrow: Tonight: Tomorrow: Tonight: Tomorrow: ********************************************************************** * Vice Presidential Debate at in St. Louis,
MO - Tonight, C-SPAN, 9pm ET LIVE * Newspaper Articles * House Majority Leader Steny H. Hoyer , D-Md., says leaders of both parties are working hard to pass a revised financial bailout bill Friday. But he warned he will not call up the measure... - Full Story at www.c-span.org/capitolspotlight/ * The Dingell family has represented parts
of southeast Michigan in Congress since what year? - Answer at
www.c-span.org/capitolspotlight/ |
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FLOOR SCHEDULE FOR FRIDAY,
OCTOBER 3, 2008 --------------------------------------------------------------------------------
House Meets At… Last Vote Predicted…
9:00 a.m.: Legislative Business Five “One Minutes” Per Side 3:00 p.m.
Senate Amendments to H.R. 1424 - Emergency Economic Stabilization Act of 2008 (Rep. Frank – Financial Services/ Ways and Means) (Subject to a Rule) H.Res. 1526 – Same Day Consideration and Suspension Authority Rule – Providing for consideration of motions to suspend the rules and waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported from the Committee on Rules (Rep. Slaughter – Rules) Suspension Bill (1 Bill): Pending Suspension Vote (1 Bill): |
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Democracy versus the tube -------------------------------------------------------------------------------- http://www.ft.com/cms/s/0/0e79dd84-909c-11dd-8abb-0000779fd18c.html |
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Taiwan experience highlighted
at global democracy meet -------------------------------------------------------------------------------- |
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US troops in Iraq encouraged
to vote in November -------------------------------------------------------------------------------- http://www.iht.com/articles/ap/2008/10/02/news/ML-Iraq-US-Vote.php |
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Democracy Corps: Obama Leads
in Ohio -------------------------------------------------------------------------------- |
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Instant Polls Find Biden Wins -------------------------------------------------------------------------------- A CBS News/Knowledge Networks poll of uncommitted
voters show Biden winning 46% to 21% with 33% calling it a draw. |
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Vice Presidential Debate Reaction -------------------------------------------------------------------------------- http://politicalwire.com/ Vice Presidential Debate Reaction In contrast, Sen. Joe Biden got stronger as the debate went on. He showed he has the best debating skills on either ticket. He was particularly strong in defending Sen. Barack Obama and strapping Sen. John McCain tightly to President Bush. Biden handily won this debate. Other reactions: Andrew Sullivan: "Biden's sobriety and authority and call for fundamental change is both reasonable and solid. It will resonate, I think. As you can read, I began this debate feeling that she was steam-rolling him. She was. But it was a steam-roller coming at you on fumes, not real fuel. She doesn't have it. Maybe one day she might. But not now. Biden's peroration was very, very strong. There is no contest here. There was only one loser: Gewn Ifill. She was intimidated, peripheral, neutered. The rules didn't help. But Ifill put in a dreadful performance." Ben Smith: "My quick take is that Palin passed a pass-fail test, though she flagged as the debate went on. Though she was chosen for her emotion connection, she was the drier of the two candidates... Biden, meanwhile, was -- as he should have been, given his experience and skill at this -- a more effective presence, and a more lucid one. He effectively, and emotionally, used the forum to drive the Obama campaign's core message that McCain isn't the man for the economic moment." Marc Ambinder: "Averaging expectations, style and points, it was a wash. Partisans have reason to be satisfied; I honestly have no idea how undecided voters will react (although CBS's panel of them gave Biden an edge.)" Mark Halperin: "No big moments, no news, little to spoof about Palin, no major Biden gaffes." Ezra Klein: "Palin turned in a genuinely
competent performance, and Biden turned in a superlative one.
His performance tonight was the best I've seen from any candidate
in this election, including the primaries. Just a superb job.
I'm a bad barometer for middle America, but tonight seemed a
clear win for him and his ticket." |
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McCain Gives Up on Michigan -------------------------------------------------------------------------------- McCain Gives Up on Michigan "McCain will go off TV in Michigan,
stop dropping mail there and send most of his staff to more competitive
states, including Wisconsin, Ohio and Florida." |
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Democracy Corps: Obama Leads
in Ohio -------------------------------------------------------------------------------- Democracy Corps: Obama Leads in Ohio |
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Florida Republicans Hold Secret
Meeting -------------------------------------------------------------------------------- Florida Republicans Hold Secret Meeting "Their fears were confirmed Wednesday
when four new polls showed Sen. Barack Obama leading, a reversal
from just a few weeks ago when McCain was opening up an advantage."
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World Democracy Forum -------------------------------------------------------------------------------- |
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Hoyer on Scheduling of Economic
Stabilization Act --------------------------------------------------------------------------------
WASHINGTON - House Majority Leader Steny H. Hoyer (MD) released the following statement tonight: "The House will consider the Emergency Economic Stabilization Act tomorrow morning. "I am hopeful that there will be bipartisan, majority support for this bill that is critical to stabilizing our nation's economy for all working Americans."
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Study: Democrats More Mobile-Friendly -------------------------------------------------------------------------------- |
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Democrats' Platform Touts
'Comprehensive' Energy Plan -------------------------------------------------------------------------------- |
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Situation favors Democrats -------------------------------------------------------------------------------- http://www.manilatimes.net/national/2008/oct/03/yehey/opinion/20081003opi5.html |
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Wilmington democrats rally
for Kay Hagan -------------------------------------------------------------------------------- |
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Local Democrats and Republicans
gather for VP debate parties -------------------------------------------------------------------------------- http://www.newsherald.com/news/debate_68546___article.html/vice_democratic.html |
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Obama Unveils Ad Touting Coal
Support: Democrats Try to Refute ... -------------------------------------------------------------------------------- http://www.istockanalyst.com/article/viewiStockNews+articleid_2672377.html |
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Democrats Shouldn’t Get
Too Cozy, McCain At His Best As Underdog -------------------------------------------------------------------------------- |
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Democrats' debate party rocks
on -------------------------------------------------------------------------------- http://news.cincinnati.com/apps/pbcs.dll/article?AID=/20081002/NEWS01/310020024 |
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Opinion: Keeping The Democrats
on Track -------------------------------------------------------------------------------- |
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The Senate bailout bill: How
the Democrats do the bidding of Wall Street... -------------------------------------------------------------------------------- |
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Friday: Last Chance to Stop
Paulson's Plunder -------------------------------------------------------------------------------- http://www.democrats.com/friday-last-chance-to-stop-paulsons-plunder |
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Asian markets follow Wall
Street’s lead -------------------------------------------------------------------------------- Japan’s Nikkei Exchange was off 134.67 points, or about 1.2 percent at 11,020.09 in afternoon trading. Singapore’s Straits Times Index has sloughed off more than two percent, the Taiwan Weighted was down less than a percent and the Shanghai Composite was slightly lower. The Australian Securities Exchange was off about two percent at 4,668.80, and Hong Kong’s Hang Seng was off about 2.6 percent of its value at 17,753.40. The Korea Exchange in Seoul, South Korea
was closed on Friday. |
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Biden wins debate, Palin exceeds
expectations, poll says -------------------------------------------------------------------------------- The CNN/Opinion Research Corporation survey is not a measurement of the views of all Americans, since only people who watched the debate were questioned. Fifty-one percent of those polled thought Biden did the best job in Thursday night’s debate, while 36 percent thought Palin did the best job. But respondents said the folksy Palin was
more likable, scoring 54 percent to Biden’s 36 percent. |
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Biden: ‘We will end the
war’ -------------------------------------------------------------------------------- “We will end the war. With John McCain
there is no end to the war,” Biden said. |
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Palin attacks Obama on energy -------------------------------------------------------------------------------- “In Alaska I had to take on those
oil companies,” Palin said. “I had to break up a monopoly
and say the people had to come first.” |
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Palin blames financial crisis
on Wall Street -------------------------------------------------------------------------------- “You darn right it was the predator
lenders,” said Palin. “There was greed and corruption
on Wall Street.” |
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Palin on economy -------------------------------------------------------------------------------- Palin said Americans are “scared.” She praised Sen. John McCain’s efforts
to help get to an economic bailout bill passed. |
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Biden on economy -------------------------------------------------------------------------------- Biden made that statement in response to
the first question of the vice presidential debate. |
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Judge upholds subpoenas in
Palin trooper probe -------------------------------------------------------------------------------- Anchorage Superior Court Judge Peter Michalski
rejected a request by Palin’s Republican allies to shut
down the investigation and ruled that the subpoenas were issued
properly by the state Senate Judiciary Committee. |
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Dow falls 348 amid bailout
worries -------------------------------------------------------------------------------- The Dow Jones industrial average fell 348 points, 3.2 percent, recovering a bit from a drop of 391 points earlier. The Standard & Poor’s 500 index lost 4 percent and the Nasdaq composite lost 4.5 percent. “There’s still concern about
whether or not the House will pass the bill and even if they
do, whether it will be effective,” said Ron Kiddoo, chief
investment officer at Cozad Asset Management. |
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Judge says Stevens trial will
continue -------------------------------------------------------------------------------- Instead, Judge Emmet Sullivan ruled Stevens’ trial will continue Monday. Defense attorneys had claimed prosecutors belatedly turned over information that might be helpful to Stevens’ case. Sullivan said the information can be used
by Stevens’ attorneys as the trial proceeds. |
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Oil prices drop -------------------------------------------------------------------------------- U.S. crude for November delivery ended the day down $4.56 to $93.97 a barrel in New York — the lowest settle price since September 16, when oil closed at $91.15 a barrel. Concern that businesses and consumers would rein in their spending on petroleum-based fuels has played a major factor in oil’s fall from a record high of $147.27 a barrel in mid-July. As money becomes tight, energy spending
is often one of the first areas to see cuts. |
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Housing rescue efforts slowed
in August -------------------------------------------------------------------------------- Hope Now, the alliance of mortgage servicers, counselors, and investors assembled to combat foreclosures, said it helped 189,000 homeowners avert foreclosure in August, down 1.7 percent from the number of people helped in July. “It’s difficult to look at any
one month and see a trend,” said Faith Schwartz, executive
director of Hope Now. “We’re still outpacing the second
quarter in total workouts.” |
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Bloomberg seeks 3rd term -------------------------------------------------------------------------------- “If the City Council should vote to amend term limits, I plan to ask New Yorkers to look at my record of independent leadership and then decide if I’ve earned another term,” Bloomberg said in a news conference at City Hall. The mayor, a billionaire businessman, is credited with helping New York City recover economically after the terror attacks on September 11, 2001, which felled the twin towers of the World Trade Center and killed more than 2,700 people. –From CNN’s Laura Batchelor |
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Lending lockdown tightens
grip -------------------------------------------------------------------------------- The Senate on Wednesday night gave a stamp of approval to a financial rescue plan that was slightly changed from one rejected by the House just two days earlier. The bill would allow the Treasury to buy up to $700 billion of troubled assets from financial institutions. Those assets, mostly mortgage-related, have caused the credit markets to seize up. –By CNNMoney.com’s David Goldman |
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U.S. jobless claims soar -------------------------------------------------------------------------------- The Department of Labor said initial filings for state jobless benefits increased by 1,000 to a seasonally adjusted 497,000 in the week ended September 27. The consensus estimate of economists surveyed by Briefing.com was for a decline to 475,000. The prior week was revised up 1,000 to 496,000. The number of people filing for jobless
benefits is the highest since the 517,000 reported in the week
ended September 29, 2001, when unemployment soared in the wake
of the September 11 terrorist attacks. At this time last year,
the figure stood at 324,000. |
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Clinton weighs in -------------------------------------------------------------------------------- Senator Hillary Clinton issued a statement
praising Biden's performance. “Tonight's debate underscored the stark choice American families face in this election," she said. “I've known Senator Biden a long time – as Americans saw tonight, he is a strong, passionate and experienced leader. Like Barack Obama, Joe Biden understands both the economic stresses here at home and the strategic challenges in Iraq, Afghanistan, and around the world. “We saw yet again that Senator McCain
and Sarah Palin will offer only more of the same failed policies
of the Bush Administration. America's hardworking Middle Class
families deserve better.” |
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Biden shows experience, Palin
pushes 'maverick' record -------------------------------------------------------------------------------- Sen. Joe Biden and Gov. Sarah Palin start
their debate with a discussion of the economy. Biden slammed John McCain, saying that "he has been no maverick on the issues that matter to people lives," but his only challenge to Palin was asking her to articulate a policy on the Iraq war. Palin pushed her "track record of reform" and said she and McCain are a " team of mavericks." "We're known for putting partisan politics aside to just get the job done," she said. Palin tried to paint Barack Obama as "dangerous" for being open to meeting with rogue leaders without preconditions. "An issue like that taken up by a presidential candidate goes beyond naivete and goes beyond poor judgment," Palin said. "A statement that he made like that
is downright dangerous because leaders like [Iranian President
Mahmoud] Ahmadinejad, who would seek to acquire nuclear weapons
and wipe off the face of the earth an ally like we have in Israel
should not be met with without preconditions and diplomatic efforts
being undertaken first." |
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Holmes: A debate to be proud
of -------------------------------------------------------------------------------- From CNN Contributor Amy Holmes
Holmes: Palin 'wildly' exceeded expectations. Biden gets an A. He was tough, but respectful, disciplined and clear. He hammered away at McCain's maverick status. Biden was clearly in his element. This debate was a credit to both candidates.
I think voters can be proud of what they just watched. |
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Schneider: Palin's strengths -------------------------------------------------------------------------------- From CNN Senior Political Analyst Bill Schneider ST LOUIS, Missouri (CNN) — Palin's
primary strength is her outside of Washington status. She doesn't
act like an insider, she doesn't talk like an insider, and a
lot of voters may respond to that. |
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Fact Check: McCain wants to
deregulate health care? -------------------------------------------------------------------------------- |
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Palin bashes Bush education
policy -------------------------------------------------------------------------------- Palin attacked Bush's education policy. |
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US nuclear envoy set to wind
up mission to NKorea -------------------------------------------------------------------------------- http://afp.google.com/article/ALeqM5gnXdoxpLNBAMiQMa5Vlqri6xXDZg |
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Merkel Balks at NATO Expansion -------------------------------------------------------------------------------- http://online.wsj.com/article/SB122297151270999027.html?mod=googlenews_wsj |
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Putin Claims Ukrainian Forces
Fought in Georgia -------------------------------------------------------------------------------- http://online.wsj.com/article/SB122298617197399913.html?mod=googlenews_wsj |
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Iran willing to abandon uranium
enrichment, envoy suggests -------------------------------------------------------------------------------- |
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CBS Poll: Uncommitted Voters
Say Biden Won -------------------------------------------------------------------------------- http://www.cbsnews.com/stories/2008/10/03/politics/2008debates/main4497138.shtml |
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Obama jumps to 22-point lead
over McCain in latest New York poll -------------------------------------------------------------------------------- |
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If you saw tonight's debate,
you saw Governor Sarah Palin give a spirited defense of the same
disastrous policies that have failed us for the past eight years. -------------------------------------------------------------------------------- She couldn't identify a single area where she or John McCain would change George W. Bush's economic or foreign policy positions. If you want something different, Barack and I need your help. Make a donation of $5 or more right now to bring about the change we need. The change we need is fixing this broken economy from the bottom up -- not tax breaks for the wealthy and huge corporations that ship U.S. jobs overseas. We need to focus on defeating al Qaeda and the Taliban and restoring America's standing in the world -- not an unending commitment in Iraq. Let's be clear: Governor Palin and Senator McCain are offering nothing but more of the same failed Bush policies at home and abroad, trying to disguise them in the rhetoric of change. Americans need real solutions and real change. We're in this together and there's a lot to do before Election Day. Please make a donation of $5 or more right now to support this campaign for change: https://donate.barackobama.com/changeweneed This is the most important presidential election you'll be part of in your life. Thank you for all that you're doing. Now let's get to work and change this country, Joe |
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Senate calls for FCC to consider
content-blocking technologies -------------------------------------------------------------------------------- http://news.cnet.com/8301-13578_3-10057281-38.html?part=rss&subj=news |
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Senate Race Roundup -------------------------------------------------------------------------------- http://feeds.dailykos.com/~r/dailykos/index/~3/n64Dt34JGnM/618065 |
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Hoyer Statement on September
Unemployment Report, Dismal State of Economy --------------------------------------------------------------------------------
WASHINGTON, DC - House Majority Leader Steny H. Hoyer (MD) released the following statement today after the Department of Labor reported that the American economy lost 159,000 jobs in September, bringing the total number of jobs lost in 2008 to 760,000: "Today’s unemployment report is more discouraging news about the state of our economy. America has lost jobs every month of 2008; September’s loss of 159,000 jobs brings the yearly total to more than three-quarters of a million. Combined with more than a million home foreclosures, those unemployment numbers demonstrate, in Americans’ daily lives, the failure of the Bush Administration’s economic policies. But they also demonstrate the real-world impact of a crisis threatening to paralyze our financial system. If the flow of credit dries up, businesses will be unable to take out loans, many will be unable to meet their payrolls, and many more Americans will be in danger of pink slips they did nothing to serve. "Today, the House of Representatives is taking two strong steps toward economic recovery. First, we hope to pass a financial rescue bill designed to restore the flow of credit to families and businesses. Second, we intend to extend unemployment benefits for seven weeks, or 13 weeks in the hardest-hit states. If we do not act, nearly 800,000 workers who had their unemployment benefits extended in July will find themselves out of luck this Sunday—dumped into the midst of a brewing economic crisis. Unemployment insurance does not simply help those struggling through tough times—economists consider it one of the best ways to stimulate our economy. "There is no doubt that today’s news reflects the hardships faced by families across our country. But they should know that Congress is working overtime to get our economy back on track."
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C-SPAN Special Alert! -------------------------------------------------------------------------------- Presidential Historians This Sunday, noon - 3 pm ET on Book TV on C-SPAN2, join us for a live conversation with historians Richard Norton Smith and Douglas Brinkley about history of presidential campaigns. The guests will look, through a historical lens, at the issues in the current presidential race and discuss the history of presidential politics in general. They will also share their book recommendations on these subjects. Participate in the conversation by calling
in during the program, or e-mail your questions to booktv@c-span.org.
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Democrats question independence
of prosecutor -------------------------------------------------------------------------------- http://ap.google.com/article/ALeqM5jYuH3mAZbV0pXTznoxmZ2anGhojwD93J3QK81 |
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House members change vote
to support bailout -------------------------------------------------------------------------------- Rep. Howard Coble, R-North Carolina, said
he plans to switch his vote “By having waited, I think we did
improve the bill,” he said. “Inaction Other Republicans who said they plan to
change their votes to support the “I don’t care about politics….I
may lose this race over this vote but I Rep. Zach Wamp, R-Tennessee, said he plans
to change his vote because At least five Democrats who opposed the
bill announced plans to change “We have to restore trust in our banking institutions,” Solis said. Rep. Donna Edwards, D-Maryland, told reporters
she would change her vote. “I pray that I’m doing the right
thing,” he said. The final vote is expected on the bill
sometime Friday. |
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Candidates decry job losses -------------------------------------------------------------------------------- “Our nation’s economy is on the wrong track,” McCain said. “It is imperative that Congress act to address the financial crisis while protecting taxpayers and being good stewards of their dollars. But we must do more. “ “With three-quarters of a million
jobs lost this year, and millions of families struggling to pay
the bills and stay in their homes, this country can’t afford
Senator McCain’s plan to give America four more years of
the same policies that have devastated our middle-class and our
economy for the last eight,” Obama said in his statement. |
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Employers cut many jobs -------------------------------------------------------------------------------- There was a net loss of 159,000 jobs in September, the ninth straight month the U.S. economy has lost jobs. The August job loss was revised to 73,000 jobs, taking year-to-date job losses to 760,000. Economists surveyed by Briefing.com had forecast the loss of 105,000 jobs in the month. The unemployment rate remained at 6.1 percent, the same level as August and in line with economists’ forecast. The report is based on surveys of employers
and households conducted in the week of Sept. 8 to 12, a period
before the worst of the current financial crisis hit Wall Street.
That crisis caused banks to hoard cash and cut back on credit
extended to businesses. |
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Hill says talks with N. Korea
’substantive’ -------------------------------------------------------------------------------- Hill, who extended his stay in North Korea
a day longer than planned, Hill briefed his South Korean and Japanese
counterparts, Kim Sook and He said his meeting with his North Korean
counterpart Kim Gye Gwan was Hill flies to Beijing on Saturday to brief
his Chinese counterpart before Talks involving North Korea and five other
nations — known as the |
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California turns to Feds for
loan -------------------------------------------------------------------------------- The letter, posted on the Los Angeles Times Web site Friday, echoes a statement issued a day earlier by California State Treasurer Bill Lockyer, saying the state has been locked out of credit markets for the past 10 days because of the national financial crisis. “Absent a clear resolution to this
financial crisis that restores confidence and liquidity to the
credit markets, California and other states may be unable to
obtain the necessary level of financing to maintain government
operations and may be forced to turn to the Federal Treasury
for short-term financing,” Schwarzenegger wrote. |
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ON THE TRAIL: Obama on the
stump in Pennsylvania -------------------------------------------------------------------------------- Obama campaigned in Pennsylvania earlier
Friday. "Just since January, we’ve lost
more than 750,000 jobs across America, 7,000 in Pennsylvania
alone," he said. "This is the economy that John McCain
said – just two weeks ago – was fundamentally strong.
This is the economy that my opponent said made great progress
under the policies of George W. Bush. And those are the economic
policies that he proposes to continue for another four years." |
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Obama, McCain react to job
loss report -------------------------------------------------------------------------------- Sens. McCain and Obama released statements on the job loss report Friday. (CNN) – Both John McCain and Barack
Obama released statements Friday morning reacting to the lasts
jobs report showing employers cut 159,000 jobs in September —
the biggest decline in five years. “With three-quarters of a million
jobs lost this year, and millions of families struggling to pay
the bills and stay in their homes, this country can’t afford
Senator McCain’s plan to give America four more years of
the same policies that have devastated our middle-class and our
economy for the last eight," Obama said in his statement. |
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St. Anselm Poll: Obama Leads
in New Hampshire -------------------------------------------------------------------------------- http://politicalwire.com/archives/2008/1...._hampshire.html A new Saint Anselm College poll shows Sen. Barack Obama way ahead of Sen. John McCain in New Hampshire, 49% to 37% with 11% still undecided. Interesting: "Among those who say they will vote for Obama, 41% said McCain's chose of Sarah Palin as his running mate influenced their decision a lot or some." Update: A new Rasmussen poll also has Obama
with a double-digit lead, 53% to 43%. |
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19 House members change votes -------------------------------------------------------------------------------- Thirteen Democrats and six Republicans told reporters or said on the House floor that they have changed their minds, improving chances for the bill’s passage. Monday’s vote failed by 12 votes — 205 in favor of the bill, 228 opposed. The bill needs a simple majority of the representative present and voting Friday to pass. The final House vote is expected on the
bill sometime Friday afternoon. |
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House approves bailout plan -------------------------------------------------------------------------------- The dramatic vote came five days after the House stunned Washington and Wall Street by rejecting the administration’s proposed bailout. That sent the Dow Jones industrial average down 777 points — the largest single-day drop ever. Several House members who opposed the bailout
on Monday said Friday that they had switched positions to support
the proposal, which |
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How the Democrats Will Control
at Least 60 Senate -------------------------------------------------------------------------------- |
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Democrats say Obama key in
bailout vote switch -------------------------------------------------------------------------------- http://afp.google.com/article/ALeqM5gtMQFHBqLwqub55GP9-JLffOJZ9g |
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Hoyer: An Emergency Like This
Calls for the Courage --------------------------------------------------------------------------------
WASHINGTON, DC - House Majority Leader Steny H. Hoyer (MD) today spoke on the House Floor in support of the Emergency Economic Stabilization Act. Below are his remarks as prepared for delivery: “On Monday, the salient dividing line in this House was not between parties: It was between those who understood the dangers of doing nothing, and those who had yet to be convinced. “Since then, I hope that the number of the convinced has only grown. “Maybe some were convinced when a vote in this chamber led to the evaporation of $1.2 trillion dollars of wealth. Maybe some were convinced when they heard that America lost another 159,000 jobs last month and is in danger of losing many, many more. Maybe some were convinced by the stories like this one, from a small-town car dealer in Utah: 'I’m not going to be able to pay my employees next week. I can’t get the kind of credit line from the bank that I’ve had through my entire career unless you do something.' “What happens on Wall Street is bound up with the jobs of millions, and the retirements of millions, and the homes of millions, and the dreams of millions. And if disaster strikes those few square miles in Manhattan, it will spread until every one of those jobs and retirements and homes and dreams is in danger. “This week, I’ve heard from the Prime Ministers of Australia and Japan, who are telling us that their people are bracing themselves, worried that America will not rise to the occasion. We sing the praises of American leadership—but this is what that leadership costs. Responsibility comes with our power. “For all of those reasons, this bill is essential. So many of us have improved on the Administration’s plan, which came to us at a mere three pages—shorter than many families’ mortgages. “The heart of the bill remains a plan for the government to buy up bad financial assets, restoring the flow of credit. “But we fought to ensure that taxpayers will be the first to profit if and when those assets rise again in value—making the true price tag nowhere near $700 billion. As Warren Buffett said of this bill: 'If they do it right, and I think they’ll do it reasonably right…they’ll make a lot of money.' “In addition, we made sure that the financial community will be obligated to pay the taxpayers back for their loan. “We restricted executive compensation, because CEOs whose recklessness helped bring on this crisis do not deserve taxpayer-subsidized golden parachutes. “We are subjecting the Treasury Secretary’s decisions to strong oversight. “Finally, we will help homeowners renegotiate their mortgages, to prevent a further flood of 2 million projected foreclosures. “On Wednesday, the Senate raised federal insurance of bank accounts from, $100,000 to $250,000, and also chose to add several tax cuts. “I strongly disagree with adding those tax provisions, because the Senate has chosen to finance them with debt. This crisis is teaching us about the dangers of fiscal recklessness, and that debt does, indeed, matter—a lesson the Senate has ignored. “But an emergency like this calls for the courage to compromise. On Monday, Chairman Frank said: 'If we aren’t prepared to accept some of the things we don’t like, we will not have the power to deliver for the people we care about.' “For me, those people are families unable to take out a loan to buy an appliance or pay for college. They are Americans who have worked their whole lives, only to see their retirement accounts threatened. They are millions of workers fearing a pink slip they did nothing to earn. “For their sake, we must act, together, today.”
### |
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Bailout Bill: Full Text Of
Plan -------------------------------------------------------------------------------- http://www.huffingtonpost.com/2008/09/28/bailout-legislation-full_n_130063.html |
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Dems focus on future after
vote -------------------------------------------------------------------------------- House Speaker Nancy Pelosi said Congress will shine a new “light of scrutiny and accountability” on the nation’s financial system to try to prevent a replay of the problems that plunged the nation into an economic crisis. Rep. Barney Frank, D-Massachusetts, and Rep. Henry Waxman, D-California, plan to hold hearings to increase scrutiny of the financial system, she said. “We want to take our country in a
new direction for the middle class,” Pelosi said. |
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Democratic women in the United
States Senate share -------------------------------------------------------------------------------- So I hope you'll join me in supporting three wonderful women running for the U.S. Senate this year. Kay Hagan in North Carolina, Mary Landrieu, running for reelection to the Senate from Louisiana, and Jeanne Shaheen in New Hampshire are all running very strong campaigns. Their elections will take us a big step closer to a filibuster-proof Senate. We need these three women in the Senate to help me fight for the issues you and I care about like health care and strengthening our economy. Help Kay, Mary, and Jeanne win their Senate
races on November 4 -- make a contribution via HillPAC today! I know these women; and I know that can make a real difference for all Americans. We are also going to work really hard on many of these issues that matter to so many women. Together, we'll lead in the Senate on the issues that women face daily -- unequal pay, affordable health care for their families, and reproductive rights. Let me tell you a little more about the races. In North Carolina, Kay Hagan is running a great race and some polls even show her ahead. Kay will invest in helping families stay in their homes, reducing foreclosures, and finding innovative new ways to stabilize neighborhoods. She will seek public-private partnerships to renovate neighborhoods and turn foreclosed properties into affordable rental or ownership units. Mary Landrieu has been working her heart out for the people of Louisiana, still focused on Katrina recovery three years later while her opponents are doing everything they can to knock her out of her Senate seat. Senator Landrieu is spearheading efforts to rewrite federal disaster laws, which are unsuited to deal with larger disasters like Hurricane Katrina and largely ignore communities that host disaster evacuees. And Jeanne Shaheen is criss-crossing the battleground state of New Hampshire, working hard in a race that is one of our top pick-up opportunities. Jeanne and I both have a long record of advocating for expanding children's healthcare. While Governor, Jeanne launched the New Hampshire's Children's Health Insurance Program, which has provided affordable health insurance to tens of thousands of New Hampshire children. Together, along with Barack Obama and Joe Biden, we're going to set a bold new course for this nation. That's why I'm personally committed to helping these candidates win in November. And I hope you'll join me in giving them your full support. Help these amazing women win in November -- contribute to Kay, Mary, and Jeanne today! If we keep working, we'll keep winning. Thank you for everything, Hillary |
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Election could decide future
of the federal courts -------------------------------------------------------------------------------- http://edition.cnn.com/2008/POLITICS/10/03/supreme.court.politics/ |
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Election Central Morning Roundup -------------------------------------------------------------------------------- |
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Hoyer Responds to Senate's
Failure to Pass Critical Iran Legislation --------------------------------------------------------------------------------
WASHINGTON, DC - House Majority Leader Steny H. Hoyer (MD) released the following statement on the Senate's failure to pass the Iran Sanctions, Accountability, and Divestment Act: “I was disappointed by the Senate’s failure to pass H.R.7112, the Iran Sanctions, Accountability and Divestment Act of 2008, due to Republican opposition. The House approved this critical legislation just days ago and we had hoped the Senate would follow suit. However, Majority Leader Reid’s effort to pass the measure failed due to opposition from the Republican side. “It is clear that a nuclear-armed Iran would pose a great threat to our national security, to our allies, and to the entire Middle East. Those concerns are heightened by the frequent inflammatory statements of Iran’s president and the world’s leading anti-Semite, Mahmoud Ahmadinejad, who calls the Holocaust a myth and expresses his desire ‘to wipe Israel off the map.’ Ahmadinejad’s appearance at the United Nations last week demonstrates that he remains a skilled propagandist; but his regime’s record of belligerence and deceit is unmistakable. It is not difficult to imagine the threat posed by nuclear weapons in the hands of such a regime. “That is why we have worked so hard to show that Congress is committed to prevent the threat from becoming reality. This legislation would have brought strong economic pressure to bear on Tehran, by expanding sanctions on commercial dealings with Iran and supporting divestment from Iranian enterprises. It is shameful that Senate Republicans stood in the way of this measure – because America ought to be using its full economic strength to curb Iran’s destructive ambitions. This was a vote for our national security, for Israel’s security, and for the security of the entire free world. I regret that the Congress will not be sending this bill to the President.”
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Bailout Bill: Full Text Of
Plan -------------------------------------------------------------------------------- http://www.huffingtonpost.com/2008/09/28/bailout-legislation-full_n_130063.html |
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Dems focus on future after
vote -------------------------------------------------------------------------------- House Speaker Nancy Pelosi said Congress will shine a new “light of scrutiny and accountability” on the nation’s financial system to try to prevent a replay of the problems that plunged the nation into an economic crisis. Rep. Barney Frank, D-Massachusetts, and Rep. Henry Waxman, D-California, plan to hold hearings to increase scrutiny of the financial system, she said. “We want to take our country in a
new direction for the middle class,” Pelosi said. |
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Democratic women in the United
States Senate share a special bond. -------------------------------------------------------------------------------- So I hope you'll join me in supporting three wonderful women running for the U.S. Senate this year. Kay Hagan in North Carolina, Mary Landrieu, running for reelection to the Senate from Louisiana, and Jeanne Shaheen in New Hampshire are all running very strong campaigns. Their elections will take us a big step closer to a filibuster-proof Senate. We need these three women in the Senate to help me fight for the issues you and I care about like health care and strengthening our economy. Help Kay, Mary, and Jeanne win their Senate
races on November 4 -- make a contribution via HillPAC today! I know these women; and I know that can make a real difference for all Americans. We are also going to work really hard on many of these issues that matter to so many women. Together, we'll lead in the Senate on the issues that women face daily -- unequal pay, affordable health care for their families, and reproductive rights. Let me tell you a little more about the races. In North Carolina, Kay Hagan is running a great race and some polls even show her ahead. Kay will invest in helping families stay in their homes, reducing foreclosures, and finding innovative new ways to stabilize neighborhoods. She will seek public-private partnerships to renovate neighborhoods and turn foreclosed properties into affordable rental or ownership units. Mary Landrieu has been working her heart out for the people of Louisiana, still focused on Katrina recovery three years later while her opponents are doing everything they can to knock her out of her Senate seat. Senator Landrieu is spearheading efforts to rewrite federal disaster laws, which are unsuited to deal with larger disasters like Hurricane Katrina and largely ignore communities that host disaster evacuees. And Jeanne Shaheen is criss-crossing the battleground state of New Hampshire, working hard in a race that is one of our top pick-up opportunities. Jeanne and I both have a long record of advocating for expanding children's healthcare. While Governor, Jeanne launched the New Hampshire's Children's Health Insurance Program, which has provided affordable health insurance to tens of thousands of New Hampshire children. Together, along with Barack Obama and Joe Biden, we're going to set a bold new course for this nation. That's why I'm personally committed to helping these candidates win in November. And I hope you'll join me in giving them your full support. Help these amazing women win in November -- contribute to Kay, Mary, and Jeanne today! If we keep working, we'll keep winning. Thank you for everything, Hillary |
|
Election could decide future
of the federal courts -------------------------------------------------------------------------------- http://edition.cnn.com/2008/POLITICS/10/03/supreme.court.politics/ |
|
Election Central Morning Roundup -------------------------------------------------------------------------------- |
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Presidential Candidates Clash
On Economy As Jobs Situation Takes ... -------------------------------------------------------------------------------- http://www.tradingmarkets.com/.site/news/TOP%20STORY/1919951/ |