Radio America Online News Bureau

The Bush Administration and the Bailout

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After a stinging defeat over the $700 billion bailout plan in the House of Representatives on Monday, how confident is the Bush administration that the revised version will pass both chambers?  Do the president and his advisers like the changes or just accept them as a necessary addition to gain passage?  What is the price of doing nothing?  And what is the White House reaction to the public disapproval of a bailout?  We ask Keith Hennessey, Assistant to the President for Economic Policy and Director of the National Economic Council.

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Democrats and the Bailout

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Over 90 House Democrats voted against the $700 billion bailout plan that was rejected by the House of Representatives on Monday.  Now that the bill is being modified in order to to pacify Republicans, will the number of Democrats voting no increase?  What do they like and not like about the contents?  We ask Larry Haas, former spokesman for the Clinton White House Budget Office and former Communications Director to then-Vice President Al Gore.

Haas will also explain why he believes Democrats would be better stewards of the economy over the next four years, while also acknowledging Barack Obama will likely raise taxes on more Americans than he claims.

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Congress Expands Energy Production By Doing Nothing

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By doing absolutely nothing, Congress failed to extend an offshore drilling moratorium that had been in place for years. So how much energy production could this mean?  When will it make an impact on supply and the price of energy?  What else is Congress doing or not doing to impact our domestic energy production?  We ask Brian Kennedy, Senior Vice President at the Institute for Energy Research.

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The News Part 1

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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.

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The News Part 2

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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.

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Is McCain Or Obama Looking More Presidential?

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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.

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Big Rebound for Wall Street After Record Point Drop

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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.

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What Happens Next on the Bailout?

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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.

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The Impact of Debate #1

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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.

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Texas Rep. Conaway Explains his ‘No’ Vote on Bailout

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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.

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