by Robert Borosage | Sep 30, 2008 | Blog
On September 29, Congress revolted against the $700 billion price tag of the proposed bailout of Wall Street. The day before, that same Congress passed without murmur—unanimously in the Senate—a $700 billion budget for the Pentagon in 2009. The worst financial crisis...
by Eric Lotke | Sep 30, 2008 | Blog
The bailout package failed. Republicans didn’t line up behind their leadership, unconvinced about the size, the urgency or even the rightness of rescuing tycoons from their own mistakes. Congress may soon try again, especially because the market showed its contempt...
by Robert Borosage | Sep 29, 2008 | Blog
The fix was in. The leadership of both parties in Congress, both major presidential candidates, media poobahs, financial statesmen from Warren Buffett to Bob Rubin, all weighing in to support giving Treasury Secretary Henry Paulson a $700 billion revolving fund to...
by Isaiah J. Poole | Sep 29, 2008 | Blog
The House has just voted down the $700 billion bailout bill. We have not yet seen the roll call, but the numbers suggest that a significant bloc within the Progressive Caucus on the left and the Republican Study Committee on the right held firm against the...
by Isaiah J. Poole | Sep 29, 2008 | Blog
Whatever you think of the Wall Street bailout bill that was voted on in the House of Representatives today, there is one thing we all should agree on: Congress must take steps this week to help the working families who are being hurt by this economic downturn. Here's...
by Bill Scher | Sep 29, 2008 | Blog
While the Sunday shows were, true to form, heavier on the politics of the bailout than substance, it was actually one of the better days for the Watchdog. On ABC's This Week, Sen. John McCain was asked about the need for additional economic stimulus -- albeit not as...
