Archive for July 11th, 2008
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Obama passes on potential NASCAR sponsorship (AP)
AP - NASCAR’s BAM Racing team has presented Barack Obama’s presidential campaign with a potential sponsorship deal in the Sprint Cup series later this year, but it doesn’t look like an Obama car will be burning rubber on the track anytime soon. -
Analysis: Help candidates can do without (AP)
AP - Former Republican Sen. Phil Gramm isn’t the first friend to give a presidential candidate heartburn. And based on recent history, another one will be along before John McCain or Barack Obama know it. -
President’s Radio Address
In his weekly radio address, President Bush said, “It’s time for Members of Congress to address the pain that high gas prices are causing our citizens. Every extra dollar that American families spend because of high gas prices is one less dollar they can use to put food on the table or send a child to college. The American people deserve better. So I urge Congress to come together with my Administration now to ensure that our economy remains the strongest, most vibrant, and most hopeful in the world.”
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President and Mrs. Bush Saddened by Death of Tony Snow
President Bush on Saturday said, “Laura and I are deeply saddened by the death of our dear friend, Tony Snow. Our thoughts and prayers are with his wife, Jill, and their children, Kendall, Robbie, and Kristi. The Snow family has lost a beloved husband and father. And America has lost a devoted public servant and a man of character.”
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Midnight hour for Fannie and Freddie
The two companies underpinning much of the global capital markets’ debt and derivative trading are in a world of pain, and various media outlets reported that government officials were considering several options for intervention.
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Analysis: Obama could get mileage from NASCAR
The political and sporting worlds collided Friday afternoon when CNN’s sister publication, Sports Illustrated, reported that Sen. Barack Obama is considering sponsoring a car in a NASCAR race next month.
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Stocks whipsawed by Fannie and Freddie
Stocks fell Friday, but closed off their lows, as fears that mortgage backers Fannie Mae and Freddie Mac would collapse eased after comments from a leading senator and talk that the Federal Reserve would open up its discount window.
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Lobbyists tamp down bailout talk (Politico)
Politico - When Fannie Mae and Freddie Mac’s stock plummeted again Friday, a cadre of nervous lobbyists worked Capitol Hill to tamp down talk of a bailout that could further erode the corporations’ financial standing.
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Obama considering NASCAR sponsorship (AP)
AP - NASCAR’s BAM Racing team has presented Barack Obama’s presidential campaign with a potential sponsorship deal in the Sprint Cup series later this year, but that doesn’t necessarily mean an Obama car will be burning rubber on the track sometime soon.
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Challenges to Sen. Landrieu, Rep. Jefferson Top Louisiana Election Lineup (CQPolitics.com)
CQPolitics.com - Democrats will augment their slender U.S. Senate majority in an election year in which CQ Politics rates nine seats held by Republicans among the 10 most vulnerable to takeover by the challenging party. But that raises the stakes in the one exception: conservative-leaning Louisiana, where two-term Democratic Sen. Mary L. Landrieu is facing a competitive challenge.