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Jamie Dupree's Washington Insider Archive for September 2008
Blog Entries for Tuesday, September 30
The Senate Jumps The House
Senate leaders have decided not to wait for the House to produce a Wall Street rescue plan, so they are forging ahead with their own, setting a vote for Wednesday night. The deal will include some controversial tax legislation as well, which could complicate matters. So this could either be ...
21st Century Leadership
The events of the financial crisis that has gripped Wall Street and the world has been very instructive in terms of telling us who is effectively doing their job in this heavy duty political and financial minefield. I think back to last week, when President Bush addressed the nation about ...
The Regulators Step Up
The public face on the government's efforts to keep the economy from keeling over has been the Treasury Secretary and the Federal Reserve Chairman in recent weeks. That may now be changing behind the scenes, as some real regulators step up to the plate. As I write this, I'm trying ...
A New Set Of Downs
Key lawmakers are set to meet again on Wednesday morning in both houses of Congress, eager to show a freaked out Wall Street that the House and Senate will approve a bailout bill soon, maybe by the end of the week. A number of items were being floated for possible ...
The Bailout Vote Breakdown
Here is the state by state rundown of how lawmakers in the U.S. House voted on the Wall Street bailout bill that was rejected on Monday by a vote of 228-205. -ALABAMA Democrats -- Cramer, Y; Davis, Y. Republicans -- Aderholt, N; Bachus, Y; Bonner, Y; Everett, Y; Rogers, ...
Blog Entries for Monday, September 29
No Adjournment This Week
Democratic leaders were first planning to adjourn last Friday. Then it got moved up to yesterday for the House. Now that target date is moving into October, as Congress tries to deal with the Wall Street bailout. In the good ole days, the Election Year target date for a Congressional ...
Stunned On The House Floor
It might be easy to say "I saw it coming," but the honest truth is that hardly anyone outside of the GOP leadership seemed to know that the votes weren't there for a Wall Street Bailout bill in the U.S. House on Monday, which lost by a 228 to 205 vote. ...
What's Next In Congress?
After Monday's surprise defeat of a $700 billion plan to bail out Wall Street, lawmakers in both parties are trying to figure out what the magic formula might be to cobble together something that can be approved by the House. Today is expected to bring more meetings on Capitol Hill, ...
Blog Entries for Sunday, September 28
A Weekend Of Hard Work
A weekend of late nights produced a compromise bill on Sunday designed to rescue Wall Street firms from their bad financial market decisions, as lawmakers in both parties won a series of concessions from the Bush Administration. While Democratic leaders want nothing more than to blowout the party of President ...
Democrats On the Wall Street Bailout
If this Wall Street bailout deal is to be approved on Monday in the U.S. House, it seems likely that Democrats will be providing crucial votes to give President Bush and his Administration the fast action they requested. While more conservative Republicans have been huffing and puffing for days about ...
The Hunt For GOP Votes
One of the biggest lobbying jobs today will be the heat put on Republican members of the U.S. House, as the Bush Administration and its allies try to convince them to support the Wall Street bailout bill. After a lot of wrangling, GOP leaders fell in behind the bill on ...
Text Of The Wall Street Bailout Bill
This is the text of the bill as provided by House GOP Leader John Boehner's office on Sunday evening. It 106 pages in all. - TITLE I--TROUBLED ASSETS RELIEF PROGRAM Sec. 101. Purchases of troubled assets. Sec. 102. Insurance of troubled assets. Sec. 103. Considerations. Sec. 104. Financial Stability ...
Analysis of Wall Street Bailout Bill
This is a section-by-section analysis of the Wall Street bailout bill as provided by House GOP Leader John Boehner's office. See what you think and let us know your feelings about the bill. - SECTION-BY-SECTION ANALYSIS OF THE LEGISLATION Section 1. Short Title. "Emergency Economic Stabilization Act of ...
Blog Entries for Saturday, September 27
Congress Approves A Raft of Earmarks
Moving to wrap up work for the year, the Senate on Saturday gave final approval to a temporary budget bill to keep the government running until March, a plan that included well over two thousand "earmarks" worth an estimated $6.6 billion dollars. The bill included not only temporary funding for ...
Blog Entries for Friday, September 26
A Winner On Points
The first debate between John McCain and Barack Obama is in the books and neither of them took a major risk at Ole Miss. Both of them landed some jabs, but there were no memorable moments from this debate. Basically, if you favor Obama, you will probably think he came ...
Obama Debate Memo
This memo was sent to reporters on Friday afternoon by Bill Burton of the Obama Campaign, part of the effort to argue that McCain is the one who should win tonight's debate on national security, as both sides play the expectations game. TO: Interested Parties FR: The Obama Campaign ...
The First Debate
John McCain and Barack Obama will both be on stage tonight at the University of Mississippi for the first of three Presidential debates, as the two men have a chance to swing this race in their favor with a strong performance. They also have the chance to shoot themselves in ...
Blog Entries for Thursday, September 25
Beware The Empty Debate Chair
If John McCain decides not to show up tonight at the Presidential Debate in Mississippi, I'm not sure whether that's going to help him or hurt him in his race with Barack Obama. If you leave the debate chair empty, it turns into a 90 minute interview for Obama, which ...
High Stakes Dice Games
I wondered all day what would come out of the White House meeting on the Wall Street bailout, with Senators McCain and Obama both in the same room, and a deal supposedly within reach. Evidently not much more than partisan politics. While there was optimism going in, there was nothing ...
Markets On The Edge
I just got off the phone after a close to hour long conversation with my father, who is convinced that Official Washington is playing with fire, that the markets are teetering, and the lack of progress on a Wall Street bailout could be lethal to the U.S. economy. Thursday night ...
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