It’s been called a failure of leadership, some call it a failure of Democrats, some a failure of republicans and some even call the right wimps for that “Nancy hurt our feelings” embarrassment of yesterday. A lot of people are scratching their heads wondering what’s next, both in and out of government. The people who […]

Monday isn’t a popular day in the US, the weekend has ended and the workweek begins. It appears that Monday isn’t popular either in markets around the world this morning. The Asian markets didn’t do well and the European Markets are following suit. So why should it be any different for members of the House […]

So far I have seen no official statement from the McCain campaign. CQ Politics has a transcript from McCain’s appearance on ABC’s “This Week With George Stephanopoulos.” Asked if he can be a part of the deal the Senator says: Again, I’d like to see the details, but hopefully yes. And the outlines that I […]

Via Ben Smith’s Blog Barack Obama on the bailout: The breakthrough between Congress and the Administration is the culmination of a sorry period in our history, in which reckless speculation and greed on Wall Street and lax oversight from Washington led to a meltdown of our financial markets. But regardless of how we got here, […]

It’s reported all over that negotiators have reached an agreement on how a bailout will occur. Broadly, the government will buy debt, some CEOs will not be compensated richly, stock warrants will be required, there’s an expensive insurance program (Paulson indicates he may ignore it) and the next president will have to decide whether or […]