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Jamie Dupree's Washington Insider Archive for September 2008
Blog Entries for Thursday, September 25
Taking Sides On Wall Street Bailouts
Lots of different groups are getting involved in the political battle over the Bush Administration plan to bailout financial firms hit hard by recent turmoil on Wall Street. Here's something from two of them. First, ALIPAC - Americans for Legal Immigration PAC - a group involved in the debate on ...
Blog Entries for Wednesday, September 24
McCain v Obama
It will be a most interesting photo opportunity at the White House this afternoon, as both Barack Obama and John McCain will join Congressional leaders in a meeting with President Bush on the controversial Wall Street bailout plan. The two candidates joined forces Wednesday by issuing a joint statement on ...
The White House Gives Ground
There was no harsh rhetoric. There were no drop dead demands. No threats, implied or otherwise. Instead, President Bush used a White House speech last night to make the case for action on a Wall Street bailout and signaled concessions on several fronts. In his first prime time speech in ...
President Bush Speech On Wall Street Bailout
On another day where Bush Administration officials got an earful about the $700 billion Wall Street mortgage bailout plan, the White House decided to have President Bush address the nation at 9 pm EDT to urge support for the bill. The decision was announced by the White House around 1pm ...
The Incredibly Shrinking Debate
This week has been a wacky one in the World of Political News, that's for sure. And when John McCain said he wanted to delay Friday's scheduled Presidential debate with Barack Obama, we could only shake our heads in the Congressional Press Galleries. When the first news flash hit the ...
Blog Entries for Tuesday, September 23
End Game for the 110th Congress
The plan all along from Democrats was for the Congress to adjourn for the elections by the end of this week. That could still be derailed by the dustup over a Wall Street bailout, but the clues are increasingly there that lawmakers will soon wrap up work for the year. ...
Offshore Drilling Ban Ends With a Whimper
For months, it has been inevitable. $4/gallon gasoline and a bipartisan urge to do "something" about high energy prices made the continuation of a yearly ban on new offshore oil and gas exploration impossible. And on Tuesday evening, Democrats admitted defeat. The news was delivered by House Appropriations Committee chairman ...
Congress Grapples With A Bailout
After a lengthy morning hearing where Senators in both parties expressed their concern and outright opposition to a planned Wall Street bailout, I walked the halls of the Capitol trying to see what lawmakers thought. "It will be approved by Friday," calmly said one Senator. While I'm not sure it ...
Blog Entries for Monday, September 22
Palin Heads To The UN
While dozens of world leaders including President Bush will be at the United Nations this week, the visit of GOP running mate Sarah Palin will certainly stir some interest amongst the diplomatic press in New York City. Palin meets today with several US allies, Afghan President Hamid Karzai and President ...
The Congressional To Do List
Even before the Bush Administration asked Congress to approve a $700 billion Wall Street bailout plan, Democratic Leaders were on the verge of getting very little done before breaking for the November elections. Now even those very modest goals are in jeopardy because of the work that needs to be ...
Congress And The Wall Street Bailout
As the Secretary of the Treasury goes before the Senate Banking Committee today, I don't think it should be a surprise to anyone that lawmakers in Congress aren't exactly in a stampede to rubber stamp the Wall Street bailout proposed by the White House. It's not that Democrats are going ...
Blog Entries for Sunday, September 21
Mortgage Bailout Politics
I'm sure most people figure that when the White House asks Congress to approve a $700 billion dollar financial bailout plan in a week, that lawmakers will buckle down and do exactly that, right? Don't make me laugh. Yes, both sides have been saying the right words in recent days ...
A Critical Week Ahead
If the gyrations on Wall Street had not occurred last week, then we would be in a full frenzy about this week's first Presidential debate on Friday, as Barack Obama and John McCain will meet at the University of Mississippi on Friday night. But there was a huge financial story ...
It's The Economy, Stupid
As I'm watching the Redskins game with my father up popped a Barack Obama ad on the screen. But it certainly wasn't about what I thought would be issue number one. Like something about the economy. Instead, the ad was on energy issues. Okay, that's an important issue. But it was THE ...
Text Of Mortgage Bailout Plan
Just in case you are interested, here is the actual language of the Bush Administration mortgage debt bailout plan. It's only three pages, which seems somewhat of a surprise, that a major bill like this is so simple. LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITY TO PURCHASE MORTGAGE-RELATED ASSETS Section 1. Short ...
Blog Entries for Thursday, September 18
"Time Is Of The Essence"
Many of the best stories to follow on Capitol Hill involve meetings with high ranking officials that last into the night, because you know it's not about some two bit piece of legislation. The subject last night was the financial upheaval on Wall Street. What it boils down to is ...
Follow The Money
I do love all the different sites that are on the internet now, where you can do loads of searches about who donated money to which campaigns, etc. That's why some numbers out in the past week caught my eye about Barack Obama and the housing crisis. The web site ...
The McCain Bounce Ebbs A Bit
As has been reflected in some of the national tracking polls this week, the bump that John McCain got thanks to his choice of running mate and the GOP Convention has receded somewhat, in what wasn't the best week for the Arizona Senator. Both McCain and Barack Obama seemed like ...
46 Days - Sunshine and Longshots
A week before Barack Obama and John McCain square off in the first of three televised debates, the candidates continue on the campaign trail, stumping for votes in states that they may not win. Obama has finally headed back East after a four day jaunt through Colorado, Nevada and New ...
On The Sidelines
As I was reading the morning papers and checking out all the news about the financial uncertainties on Wall Street and around the world, I was struck by how the Congress was just a bit player in this crisis. Other than some grumbling from both parties about the latest moves by ...
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