Blog

“No Deal” on the Bailout “No Deal” on the Bailout

It is probably unfair to say that John McCain's decision to steer the presidential race off the campaign trail and into the White House jinxed the deal to bail out the nation's tr...

Sep 25, 2008 / John Nichols

Protest the Bailout Today Protest the Bailout Today

There are more than 200 events planned coast to coast for today, September 25, protesting the Bush Administration's proposed bailout. There's a big rally scheduled for 4:00pm on W...

Sep 25, 2008 / Peter Rothberg

Ahmadinejad Meets US Peace Movement Ahmadinejad Meets US Peace Movement

Yesterday evening, Iran's President Mahmoud Ahmadinejad spent a couple of hours taking questions from representatives of the American peace movement. He appeared in a ballroom at ...

Sep 25, 2008 / Bob Dreyfuss

McCain’s Failed Bait-and-Switch Stunt McCain’s Failed Bait-and-Switch Stunt

Democratic presidential candidate Barack Obama initiated the sequence of events that led to Republican candidate John McCain's stunning announcement this afternoon that he would s...

Sep 24, 2008 / John Nichols

GOPers Abandon Free Market, Each Other and Party Platform GOPers Abandon Free Market, Each Other and Party Platform

RRepublican were divided over how to respond to an economic crisis of their own making. John McCain's economic guru, Phil Gramm, successfully deregulated the financial-services in...

Sep 24, 2008 / John Nichols

Another Alternative Another Alternative

Debt forgiveness. Intriguing. There is a better answer: Some form of debt forgiveness. If the face value of half of the debt was forgiven in exchange for some new government aut...

Sep 24, 2008 / Chris Hayes

Yes, Virginia There is a Crisis Yes, Virginia There is a Crisis

Yesterday, Pulitzer-prize winning reporter David Cay Johnson posted a letter urging us in the media to be adequately skeptical of the very premise driving the push for the bailout...

Sep 24, 2008 / Chris Hayes

Bail Out People Before Bankers Bail Out People Before Bankers

Economists are widely panning Treasury Secretary Hank Paulson's bailout package for lacking appropriate regulatory mechanisms to prevent another future crisis; for not providing h...

Sep 23, 2008 / Peter Rothberg

Questions Unanswered Questions Unanswered

Bracket for a moment the massive and monumental questions of justice, equality, responsibility and moral hazard involved in this bailout. There are still huge outstanding question...

Sep 23, 2008 / Chris Hayes

Why $700 Billion? Why $700 Billion?

When I asked a Democratic house staffer recently where the $700 billion figure for the bailout came she mimed plucking it out of thin air. After today's hearing, that question is ...

Sep 23, 2008 / Chris Hayes

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