I understood the Bush administration's decision to promise up to $30 billion to facilitate the fire sale of Bear Stearns. I got the administration's decision to spend as much as $200 billion to stabilize mortgage giants Fannie Mae and Freddie Mac, which are worth about $5 trillion. Ditto the $85 billion federal bailout of AIG.
But he has to fuse the issues of the economy and taxes — to show how Barack Obama’s tax proposals would lead to a catastrophic implosion of the nation’s capital base.
Most Americans are closely following news reports on the Bush Administration’s federal bailout plan for the country’s troubled economy, but just 28% support what has been proposed so far.
Just over a week ago, the Insurance Institute for Highway Safety issued a new report urging lawmakers to raise the legal driving age to 18. The latest Rasmussen Reports national telephone survey found that 53% of adults nationwide think it's a good idea.
Like all polling firms, Rasmussen Reports weights its data to reflect the population at large. Among other targets, Rasmussen Reports weights data by political party affiliation using a dynamic weighting process.
We can fix this. If nothing else, that's the message I hope readers take away from this column. Of course, the "this" is the run on the world banking system. Stock markets have plunged globally, gold prices have shot up, and U.S. Treasury bill rates have plummeted to 10 basis points, the lowest since the 1950s.
The bankruptcy of Lehman Brothers, the sale of Merrill Lynch to Bank of America, the 500-point plunge of the Dow, the government takeover of AIG -- all these have got the presidential candidates talking about the economy. But both Barack Obama and John McCain have been vague about their solutions. And for good reason.
It’s the economy, stupid. That’s what Bill Clinton ran on in 1992, and it looks like that’s what the final weeks of Election 2008 are going to be all about, too.
Sixty percent (60%) of Americans now believe the U.S. economy is not fundamentally sound, and voters are evenly divided on whether any laws passed by Congress will make things better, according to a new Rasmussen Reports national telephone survey.
Neither presidential candidate has convinced a majority of voters that they know how to handle the country's growing economic crisis, according to a new Rasmussen Reports national telephone survey.
"The fundamentals of our economy are strong," John McCain said as Wall Street went into white-knuckle panic over diving investor confidence. Does he believe that? It doesn't really matter, because the Republican has outsourced his economic policy to the ideologues whose opposition to regulations brought the financial markets to their knees.
In early summer, the Crystal Ball took its first look at the likely November 4th Electoral College map. Our assessment was that, in the College at least, the contest appeared close. John McCain had 174 solid or likely electoral votes to Barack Obama's 200 solid or likely. The lead switched once we added in states that were "leaning" to one or the other: McCain had 227 votes to Obama's 212, with 270 needed for election. Fully 99 electoral votes in eight other states (CO, MI, NH, NV, OH, PA, VA, and WI) remained in the toss-up category.
John McCain was right when he said Monday that despite the bad news about Lehman Brothers filing for bankruptcy and AIG trolling for help from Uncle Sam, "the fundamentals of our economy are strong." As politicians running for the White House learn, honesty is a commodity best used sparingly on the campaign trail.
With the markets in frightening turmoil and the public outraged by financial irresponsibility and excessive greed, John McCain has suddenly rediscovered the importance of strong, watchful government.
Treasury Secretary Henry Paulson is the man of the hour. This weekend he drew a clear line in the sand: no more federal bailouts. Not for Lehman Brothers. Not for global insurer AIG. Not for Merrill Lynch. Not for anyone, at least as of this writing.
First Dude. That's what they call him in Alaska. It's OK. Todd's Ok. Whatever. He smiles at Greta Van Susteren. Not a touch of noblesse. More like plan old politesse.
Only seven percent (7%) of voters think the federal government should use taxpayer funds to keep a large financial institution solvent. Sixty-five percent (65%) say let the company file for bankruptcy.
Most voters (55%) say the tone of this year’s presidential campaign is about the same as in other recent election years, despite complaints from Barack Obama’s side and some in the media that John McCain has been campaigning negatively.
Despite both sides running campaigns aimed at changing a climate of special interest corruption in Washington, just over one-third of voters find three of the four major-ticket candidates more ethical than most politicians.
The Democrats’ lead in the Generic Congressional Ballot has fallen slightly for the fourth week in a row. The latest Rasmussen Reports national telephone survey found that, if given the choice, 44% of voters would choose their district’s Democratic candidate, while 38% would choose the Republican candidate.
