The Washington Independent

Posts Tagged economic meltdown

Obama: Better Off Than You Were 4 Weeks Ago?

By | 10.08.08 | 4:33 pm

Speaking to a rally in Indianapolis, Ind., on Wednesday, Sen. Barack Obama riffed on Ronald Reagan’s famous plea that voters consider whether they were better off now than they were four years prior.

“At the pace things are going right now,” Obama told the crowd, “you’re going to have to More…

Obama Laments New Job Losses

By | 10.03.08 | 10:30 am

Political pop quiz: What could be more important in this race than that combative, buzz-driving VP debate?

Well, the new job loss figures are in. For the ninth straight month, U.S. jobs are down — this time by 159,000. “The decline in non-farm employment was the steepest in five More…

Bailout Bill: The Latest Christmas Tree

By | 10.02.08 | 10:37 am

Last week, as White House officials were making the rounds on Capitol Hill to sell their $700 billion Wall Street bailout plan, Sen. Chuck Schumer (D-N.Y.), a member of the Senate banking committee, made a vow: “We will not Christmas-tree this bill with extraneous amendments.”

Right.

Last night, the More…

Obama Rallies for Bailout in Wisc.

By | 10.01.08 | 12:28 pm

LA CROSSE, Wisc.- Speaking to a rally on Main Street here, Sen. Barack Obama touted a “rescue plan” to help workers, homeowners and taxpayers on Main Streets across the country.

Obama tried to allay concerns about the financial bailout plan, saying it was essential to avoid a “crisis from turning More…

Obama Rally: Three Strikes for McCain

By | 10.01.08 | 11:30 am

LA CROSSE, Wisc. – Sen. Barack Obama has not taken the stage here yet, but the attacks on his rival are in full force.

Ron Kind, a local star who had held every post from high-school quarterback to county prosecutor before being elected to Congress in 1996, ripped into Sen. More…

Blaming the Wrong Borrowers

By | 10.01.08 | 8:42 am

Media Matters weighs in on the topic we wrote about Tuesday on TWI — the fact that blaming low-income and minority borrowers for the housing crisis is picking up speed as reason for the cause of the housing crisis.

Conservatives are blaming the Community Reinvestment Act, an anti-redlining More…

Hyperventilating on the Bailout

By | 09.30.08 | 4:00 pm

Congress’s failure to pass the Bush administration’s financial plan has triggered a wave of scare commentary -– “financial Armageddon,” a leap “off the cliff” or “into the abyss,” the trigger for “the Depression of the 2010s.”

There have been good background analyses of the $700 bailout plan in both More…

McCain Cancels DC Trip

By | 09.30.08 | 2:53 pm

Sen. John McCain was expected to fly to Washington later today, so he could take part in talks surrounding a new Wall Street bailout package when Congress comes back from its break for Rosh Hashana.

However, Politico’s Jonathan Martin reports that McCain has changed his plans. The More…

The Gimmick Candidacy

By | 09.30.08 | 12:01 pm

The Christian Science Monitor’s Jimmy Orr has a piece today asking what could the McCain campaign possibly have left up its sleeve, after two months of surprises?

The Unfortunate Timing of the Bailout Failure

By | 09.30.08 | 9:30 am

One small detail that might have been overlooked as lawmakers failed to pass that $700-billion bailout bill: Today is Sept. 30.

That means it’s the end of the third quarter. And that means – if you want to know what a credit crunch might look like, today could be the More…