Posts Tagged ‘ democratic party ’

McCain, More Critical of Bailout Plan, Faults Oversight

Sep 23rd, 2008 | By David Harper | Category: Election 2008

Aides to Senator McCain, the Republican presidential nominee, said it was too soon to say whether he would oppose the plan being hashed out by the Bush administration and Congress, noting that the final details had yet to be presented. But Mr. McCain repeated his calls to add several provisions that the administration has opposed, including a guarantee that taxpayer money would not be used to enrich the executives of failing companies.



Bailout Plan Talks Advance in Congress

Sep 23rd, 2008 | By David Harper | Category: United States

While Congressional leaders in both chambers said they were confident that they could reach a quick deal, it was also clear that Bush administration officials would face rough questioning and that initial support for the bailout had begun to fray. Some Democrats said they simply did not trust the president. Conservative Republicans also expressed outrage, echoing scornful comments by Newt Gingrich, the former House speaker, and Lou Dobbs, the right-leaning CNN anchor.



Obama Led Opponent in Spending in August

Sep 22nd, 2008 | By David Harper | Category: Election 2008

Senator Barack Obama significantly outspent Senator John McCain in August as the two campaigns ramped up their general election fight, with the Obama campaign spending $53 million that month, $32 million of which went to advertising. That compared with the $41 million spent by the McCain campaign, $23 million of which went to advertising.



Democrats Set Bailout Conditions as Treasury Chief Rallies Support

Sep 22nd, 2008 | By David Harper | Category: United States

“Congress will respond to the financial markets crisis by taking action this week in a bipartisan manner that will protect the taxpayers’ interests,” House Speaker Nancy Pelosi said. She added that the administration’s proposal did “not include the necessary safeguards. Democrats believe a responsible solution should include independent oversight, protections for homeowners and constraints on excessive executive compensation.”



Obama surges ahead of McCain

Sep 22nd, 2008 | By David Harper | Category: Election 2008

Republican candidate John McCain faces the daunting task of trying to square his long history of advocating corporate and financial deregulation - the sort of loose controls many blame for the turmoil on Wall Street. Senator McCain now says more controls are needed to prevent a repeat of the turmoil that sent the stock market plunging, as he tries to recover from a damaging series of gaffes regarding the unfolding crisis.



$700 Billion Is Sought for Wall Street in Vast Bailout

Sep 21st, 2008 | By David Harper | Category: United States

The Bush administration’s proposal was stunning for its stark simplicity. It would raise the national debt ceiling to $11.3 trillion. And it would place no restrictions on the administration other than requiring semiannual reports to Congress, granting the Treasury secretary unprecedented power to buy and resell mortgage debt.



In Virginia, Large Voting Blocs for McCain and for Obama

Sep 18th, 2008 | By David Harper | Category: Election 2008

No Democratic presidential candidate has won Virginia since Lyndon B. Johnson in 1964, and the selection of Sarah Palin has improved Mr. McCain’s chances of carrying the state. Even so, Senator Barack Obama, the Democratic presidential nominee, still clearly sees an opportunity here, and has opened more than 41 offices in the state.



McCain Seen as Less Likely to Bring Change, Poll Finds

Sep 18th, 2008 | By David Harper | Category: Election 2008

Despite an intense effort to distance himself from the way his party has done business in Washington, Senator John McCain is seen by voters as far less likely to bring change to Washington than Senator Barack Obama. He is widely viewed as a “typical Republican” who would continue or expand President Bush’s policies.



Holding Mr. Rove in Contempt

Sep 17th, 2008 | By David Harper | Category: Opinion

Congress’s investigation of the Justice Department is of the utmost importance. It now seems clear that the department, under Attorney General Alberto Gonzales, operated as a partisan political actor, using its prosecutorial authority to help the party in power win elections. That was a grave abuse, which undermined American democracy.



Obama Looks to Shift Focus of Campaign to Economy

Sep 17th, 2008 | By David Harper | Category: Election 2008

Senator Obama originally built his campaign on his opposition to the Iraq war, but his message has shifted to the economy. The question remains whether Mr. Obama can define his candidacy around the economy, as other Democrats have done, and be seen as connecting with the struggles of Americans.