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The Unfortunate Timing of the Bailout Failure

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 day.


Obama Demurs on McCain Bailout Attack, For Now

RENO, Nev. — Sen. Barack Obama is not taking the bait — for now.
Strolling off his plane with cell phone in hand, the Democratic presidential nominee looked calm as he arrived in Nevada today, walking around the tarmac in deep conversation for several minutes.


Democrats Cave on Offshore Drilling

House Democrats gave in to the White House, letting a 26-year ban on offshore drilling to expire.


House Dems Play Politics With Offshore Drilling

Pelosi and House Democrats Rile GOP, Environmentalists in Passing Offshore Drilling Bill.


As If We Didn’t Know That Bush and Oil Are One

No shocker here.
President George W. Bush announced today that he will release oil from the country’s emergency reserves in the wake of Hurricane Gustav. The reason? Because an oil company asked, of course.