Now that the House of Representatives has given thumbs down to the bailout plan, what comes next? What is the president’s message? How about Treasury Secretary Henry Paulson? Why is one GOP member of Congress suggesting the bailout plan is reminiscent of Stalin and Mao? And how confident are congressional leaders that a successful deal will be forged soon? Listen here for the biggest news from Tuesday, September 30, 2008.
What did the stock market do on Tuesday after Monday’s record point drop? What does the public think about the bailout? And how are John McCain and Barack Obama using the financial crisis to boost their White House bids? Listen here for all of the details.
Sen. John McCain suspened his campaign to forge a successful bailout bill but ultimately the bill failed. Sen. Barack Obama largely refused to get involved in the the details of the debate or even spend much time in Washington. So who came across as a better leader and more ready to become the next president? That’s what we ask longtime political analyst and strategist Carol Liebau. We also get her thoughts on Thursday’s vice presidential debate.
Investors shook off Monday’s gloom over a failed bailout bill and went on a bullish run instead. So how does a record sell-off take shape and how did we go from that to a nearly 500-point jump? We take you inside the markets with Terry Jones, Associate Editor at Investor’s Business Daily.
One day after the House of Representatives rejected a $700 billion bailout package designed to stabilize our financial institutions, lawmakers are picking up the pieces and moving forward. So what happened on Monday? What’s the real reason so many members in both parties voted against the plan? Hint: It’s 35 days away!
We’ll also discuss why there may be a deal in place by the end of the week and how that might get done, as Greg is joined by Erin Billings of Roll Call newspaper.
With all the political and financial turmoil in the news right now, Friday night’s debate between Sen. John McCain and Sen. Barack Obama seems like a distant memory. But which candidate did better? How did the economic questions influence the foreign policy debate? Which candidate had better style? And what can we expect in Thursday’s vice presidential debate between Sen. Joe Biden and Gov. Sarah Palin? We discuss all of these questions with Prof. Larry Sabato of the University of Virginia.
The House of Representatives shot down the bailout plan Monday afternoon, with significant numbers in both parties voting against the plan. Two-thirds of Republicans voted against the bill, including Texas Rep. Mike Conaway. He talks with Greg about his decision and what he wants to see included in the next version of the plan.
On Tuesday, the House of Representatives defeated a proposed $700 billion Wall Street bailout plan by a vote of 228-205. In response, investors sold off in record fashion on Wall Street. So what is the significance of all that we saw on Monday? How can Congress forge a passable bill? And what happens if Congress does not act soon? We ask economist J.D. Foster of the Heritage Foundation.
Now that Congress has to try again on a bailout plan for Wall Street, they need to take the time to ask critical questions and find out exactly what the package would and would not do. So what are those questions? We ask Nicole Gelinas, Senior Fellow at the Manhattan Institute.
What are the latest details on the bailout proposal offered by the president? What is his reaction to his fellow Republicans refusing to cooperate? And did John McCain derail a deal on the bailout or is that just a Democratic deception? We discuss all those issues in the top news for Friday, September 26, 2008, and discuss the bailout.
