Archive for September 21st, 2008
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NYT: Loan titans paid McCain aide
Senator John McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac. -
Statement on Federal Disaster Assistance for Mississippi
The President today declared a major disaster exists in the State of Mississippi and ordered Federal aid to supplement State and local recovery efforts in the area struck by Hurricane Gustav during the period of August 28 to September 8, 2008.
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Statement by the President on Emergency Financial Legislation
Over the weekend, members of my Administration and congressional leaders worked on legislation to address the crisis in our Nation’s financial markets. They made good headway toward a bill that can pass the House and Senate in a timely manner, and the American people appreciate their efforts.
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Palin’s first Fla. campaign stop a safe one (AP)
AP – Sarah Palin played it safe Sunday on her first trip as John McCain’s running mate to the battleground state of Florida. -
Democrats push back
Democratic leaders on Capitol Hill said on Sunday that the Bush administration’s $700 billion proposal to bail out the financial system lacked necessary safeguards for taxpayers and homeowners.
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McCain criticizes Obama for lack of leadership (AP)
AP – Republican presidential nominee John McCain told an audience Sunday that Barack Obama behaved more like a politician than a leader, both on matters of national security and on last week’s near-meltdown of the U.S. financial system. -
Bush ‘failed’ to prevent finance crisis: McCain (AFP)
AFP – White House candidate John McCain said his fellow Republican, President George W. Bush had “failed” to prevent conditions which led to the Wall Street meltdown and debt crisis. -
Obama calls financial bailout price tag “staggering” (Reuters)
Reuters – Democratic
presidential candidate Barack Obama on Sunday called the $700
billion price tag for a financial market bailout “staggering”
and said the final product must protect U.S. taxpayers and
include a commitment to new regulatory reforms. -
McCain would banish political office (Politico)
Politico – After holding his tongue for eight years, Sen. John McCain (R-Ariz.) is getting his revenge on Karl Rove.
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McCain urges broad oversight of massive bailout (Reuters)
Reuters – Republican presidential candidate
John McCain on Sunday called for broad oversight of the Bush
administration’s $700 billion plan for rescuing Wall Street.
