On Wednesday, the Federal Reserve cut interest rates by half a percentage point. The move was made in concert with similar moves at national banks in several other countries. So what did this accomplish? Who is expected to benefit the most? What else can we expect from the Fed? And is this great time or a dangerous time to buy a home? We ask David John, Senior Research Fellow at the Heritage Foundation.
John McCain and Barack Obama slugged it out over health care reform on Tuesday night, but which one has a better plan? Is McCain on the right track by pushing $5000 tax credits so families can buy coverage? What exactly is Obama’s plan and does it equal government-run care? And does either candidate have a real plan to reform Medicare? That’s what we ask health care expert Grace-Marie Turner, President of the Galen Institute
Barack Obama and John McCain battled over many issues on Tuesday night, including their very different priorities in bringing about energy reform. So which one has a better, more realistic plan? What could Obama’s $150 billion develop in 10 years? Would bridging the gap with more offshore drilling and nuclear power be a better strategy as McCain suggests? That what we ask Max Schulz, Senior Fellow at the Manhattan Institute.
What happened to the Dow today? Why is President Bush confident we’ll weather this financial storm? What actions is the Federal Reserve taking to add additional financial stability? What did the CEO of AIG tell Congress today? And why is one member of Congress scolding his colleagues for avoiding the meltdowns that put lawmakers in a bad light? We give answers to all of those questions as we bring you the top stories for Tuesday, October 7, 2008.
Just how far did the stock market fall on Tuesday? What are McCain and Obama saying about the mortgage mess that started all of this…and about each other’s handling of the crisis? What did Sarah Palin say today about Barack Obama’s relationship with an unrepentant domestic terrorist? We answer all of those questions. Listen here!
We’ve all seen the media blitz by oil tycoon T. Boone Pickens as he pushes for a shift in American energy priorities – namely from oil to wind and natural gas. But what isn’t he telling us? Why could this plan mean huge government subsidies and profits for Pickens? Why is he backing away from oil? And why should landowners in the Midwest take a careful look at this proposal? We get answers from Amy Ridenour, President of The National Center for Public Policy Research.
The McCain campaign is highlighting Barack Obama’s sketchy relationships with the likes of the Rev. Jeremiah Wright and unrepentant domestic terrorist Bill Ayers. Others say the list is even longer when factoring in people like communist activist Frank Marshall Davis, who mentored Obama back in Hawaii. So who are these people? What are their backgrounds? How close were they to Obama? And why should any of this matter to voters? We ask Frank Gaffney, President of the Center for Security Policy here in Washington. His latest opinion piece focuses on these Obama connections.
Investors are showing no signs of easing up on their pessimism as the Wall Street sell-off constinues on Tuesday. But the government is not just watching the economy go down the tubes. Earlier today, the Federal Reserve said it would start direct lending to businesses. How significant is this move? Will we see an interest rate cut? And why are investors worldwide digging in for a major economic downturn? We ask Robert Lenzner, National Editor for Forbes magazine.
John McCain and Barack Obama will square off in the second of three presidential debate tonight on the campus of Belmont University in Nashville, Tennessee. How will the candidates be impacted by the town hall format? How will they try to use the financial crisis to show they are the best choice for president? How will the candidates and their remarks be influenced by poll numbers suggesting momentum for Obama? We ask all those questions to Christina Bellantoni, National Political Reporter for The Washington Times.
The Dow suffers a massive sell-off before recovering a bit before the close…Congress starts investigating the Wall Street mess…and Obama’s connections with a former terrorist and McCain’s Keating Five days are front and center on the campaign trail. We cover all three of these major stories as we bring you the biggest headlines from Monday, October, 6, 2008.
