For all the Republicans' complaints about Gwen Ifill, the moderator's questions were softballs compared to what Sarah Palin faced from Katie Couric. Ifill did not demand that Palin list (OK, how about just name more than one?) Supreme Court decisions. She did not push on the issue of foreign policy experience.
The presidential debate season is just underway. The polls are in flux. The issue agenda--which has already shifted in the last month from the Sarah Palin effect to "lipstick on a pig" to the nation's worst economic crisis since the Depression--may shift again before Election Day.
On the morning after Senate passage of the Treasury rescue bill stocks are down 200 points. So there is no silver bullet to our economic woes.
Accomplished Googlers can probably find the original talking points off which dozens of conservatives made essentially the same case: The Community Reinvestment Act of 1977 caused the financial crisis.
The initial failure to pass bailout legislation reflected a political system as bereft of confidence as the financial markets. President George W. Bush and Treasury Secretary Henry Paulson had no credibility to match the arrogance of their initial demand for absolute power in distributing $700 billion of public assistance (the old synonym for welfare).
You know what? Hank Paulson may not be the most powerful financial person in the country right now. That honor goes to Sheila Bair, the chairman of the FDIC.
Who do I blame for this financial disaster? Let me count the villains. Start with President Bush and Treasury Secretary Hank Paulson.
There are a few changes to report in the nation's Senate races since we last reviewed them in July-almost all of them in favor of the Democratic candidates. Yet the fundamental outlook hasn't changed terribly much. The Democrats will pick up a fair number of seats to pad their slim 51-to-49 margin. They are defending a mere 12 seats, and all their incumbents are running again. The Republicans have drawn the short straw, trying to protect 23 seats with five incumbents retiring in a tough political environment for the GOP.
What we've all witnessed this week was more than a failure of Wall Street or of Washington, it was a catastrophic failure of branding.
Trailing six points in Rasmussen’s poll, having fallen four points since he suspended his campaign last week, the question for John McCain is: Haven’t you learned anything?
There is nothing new under the sun. The United States has endured major financial panics in 1837, 1873, 1893, 1907, 1929, 1933 and now
Want a preview of Thursday's veepstakes debate between running mates Joe Biden and Sarah Palin? Pick up a copy of Christopher Buckley's latest satirical novel, "Supreme Courtship," that begins when a very unpopular American president decides to tweak Senate solons by nominating to the U.S. Supreme Court America's most popular TV judge, the "sassy, flippant, sexy," no-nonsense, gun-toting hottie from Texas, Pepper Cartwright.
A number of Republican House members and staff, along with others who are plugged in, are telling me that Nancy Pelosi and the Democrats will come back with a new bill that includes all the left-wing stuff that was scrubbed from the bill that was defeated today in the House.
Before getting to Friday night's debate, let us look at what happened before the debate.Yes, John McCain's suspension of his campaign earlier in the week and call for a delay of Friday's debate were campaign stunts.
You can sum up much of 20th century history by saying that in the 1930s Americans decided that markets didn't work and government did, and that in the 1970s Americans decided that government didn't work and markets did.
The single-biggest mistake in the Paulson bank-rescue-plan marketing effort has been the failure to explain clearly how taxpayers are going to recoup $700 billion used to buy toxic assets at auction in order to unfreeze the banking system.
McCain has transformed a minority in both houses of Congress and a losing position in the polls into the key role in the bailout package, the main man around whom the final package will take shape. He arrived in Washington to find the Democrats working with the Bush Administration to pass an unpopular $700 billion bailout.
Alcee Hastings used to be a federal judge. Then he got impeached by the House and convicted by the Senate. Now he's a congressman from Florida. People have a right to vote for whomever they want, even one of the six federal judges in America ever to be removed by Congress.
Presidential debate season is upon us. That means John McCain, Barack Obama, Joe Biden, and Sarah Palin are traveling around the country with huge binders of prep materials under their arms---and dreams of an eight-year relationship with the Secret Service dancing in their heads.
Until Wednesday afternoon, when GOP presidential nominee John McCain announced that he was heading to Washington to work with congressional leaders and the Bushies to craft a better bailout bill, both McCain and Democratic candidate Barack Obama clearly had believed that the last place they wanted to be seen was in Washington.
