Are lawmakers on the brink of a compromise plan to bail out the financial industry? What are the key players saying about where we stand right now? What have John McCain and Barack Obama been saying today about the financial crisis and whether they should debate on Friday? We have all the latest details in an extended newscast on this pivotal day in the financial debate and just 40 days remaining until Election Day.
Economy
The News Part 2
What major bank is now looking for help to stay in business? What are experts saying about John McCain’s decision to stop campaigning and even debating until the bailout legislation is complete? And why did Pakistani troops fire on American helicopters along the Afghan border? Listen here for all the details.
New Polls Show Very Tight Race in Three Key States
Fresh polling from Strategic Vision shows Barack Obama and John McCain running neck-and-neck in the critical states of Pennsylvania, Michigan and New Hampshire. Obama is ahead by a sliver in all three states, so why is this good news for Republicans? How is the economy impacting the results? We discuss these questions and others with David Johnson, CEO of Strategic Vision.
What’s Wrong with the Bailout?
There’s plenty wrong if you ask many conservatives. So what would they pursue instead? What would stabilize our and even grow our economy? And what changes in regulations should be enacted? We ask Peter Ferrara, Contributing Columnist for The American Spectator”.
The Latest on the Bailout Plan and the First Debate
Why is the president’s bailout plan facing steeper and steeper odds in the U.S. Congress? What is the conservative alternative? Is John McCain making the right move by suspending his campaign until Congress deals with this issue? We discuss all this and much more with John Gizzi, Political Editor at Human Events.
McCain Will Suspend Campaign to Deal With Financial Mess, Wants Debate Postponed
With just 41 days remaining until Election Day, Republican Presidential Nominee John McCain says he will suspend his campaign on Thursday and work in a bipartisan manner to craft the best possible legislation to address the financial crisis on Wall Street. He wants Barack Obama to put his campaign on hold as well and agree to postpone the first debate scheduled for Friday. So what should we make of this move and is John McCain the right choice to lead this country back to financial stability? That’s what we ask Republican Party Chairman Mike Duncan.
Tuesday’s Top News
The president’s top economic experts testified before the Senate Banking Committee to push for a $700 billion bailout plan for the financial industry. Barack Obama and John McCain lay out their priorities for any massive legislation to rescue the economy. And President Bush stares down Iran’s Mahmoud Ahmadinejad at the United Nations. Click here for details on these stories and more.
The Candidates and the Economy
While members of the Senate Banking Committee grilled Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke on Tuesday, John McCain and Barack Obama were on the campaign trail trying to convince voters they have the best plans to stabilize and grow our economy. What credibility issues does each of them need to overcome? What is their main message to voters?
Listen to Greg’s interview with Christina Bellantoni, National Political Reporter for The Washington Times.
The Economy and the Media
Are the mainstream media outlets being fair or biased in their coverage of the current economic mess? Where do they point the finger of blame? Who might they be protecting? And what “solutions” are they promoting?
Listen to Greg’s interview with Dan Gainor, Vice President of the Business and Media Institute as they discuss these questions and more.
Who is Henry Paulson?
Treasury Secretary Henry Paulson is the Bush administration’s point man on a bailout plan for Wall Street. But where did he come from and what is the philosophy guiding his effort to rescue our economy? Newsweek Senior Editor Daniel Gross profiles Paulson in this week’s edition of the magazine.
Listen to Greg’s interview with Dan Gross on Paulson’s role in this economic debate and how he got so much power in the Bush administration.