From TIME’s Amy Sullivan: Like Jon Chait, I grew up in a Michigan family that has only every purchased cars from American automakers. When Chrysler was in serious trouble in the 1980s, my mom declared that it was our family duty to help out Lee Iacocca, and by God, over the next ten years we [...]
The presidential nominees delivered statements and held dueling (and brief) press conferences this afternoon to discuss the Bush Administration’s bailout plan. Both candidates spoke about the need to do something, and to do it quickly. And both said similar things about the the need for the plan to provide more oversight and to prevent CEOs [...]
McCain has a new ad (see below) attacking Obama “and his liberal allies” for failing to lead in the midst of the current financial markets crisis. As many have noted, including George Will and the Wall Street Journal, McCain’s own handling of the crisis has hardly been a profile in leadership. But what’s important about [...]
Over at TAPPED, Dana Goldstein has an account of a fascinating interview with Bill Clinton on what happened in the 90s that contributed to this crisis, as well as what didn’t: “I have thought about that,” Clinton told me when I asked whether he was reconsidering any of the deregulatory economic policies his administration pursued [...]
Our colleague Justin Fox is live blogging the Senate Banking Committee hearing I’m at this morning on Capitol Hill. The main attractions are Paulson, Bernanke and Chris Cox. So far, the most colorful moment came before the hearing started when Code Pink – an anti-war group that haunts congressional hearings – heckled Senators Casey, Hagel [...]
With all the economic news, foreign policy has slipped below the radar screen, but a hat tip to Josh Marshall for linking to this report about the rather incredible show put on by two of McCain’s foreign policy advisers at a weekend retreat sponsored by the Washington Institute for Near East policy: [Max] Boot called [...]
Conservative columnist George Will hits McCain with a broadside, all but declaring him temperamentally unfit for office. His column in today’s Washington Post concludes: It is arguable that, because of his inexperience, Obama is not ready for the presidency. It is arguable that McCain, because of his boiling moralism and bottomless reservoir of certitudes, is [...]
The former President sounds a little smitten himself, as he explains why voters might be drawn to Sarah Palin: “I come from Arkansas; I get why she’s hot out there,” Mr. Clinton said. “Why she’s doing well.” Speaking to reporters before his Clinton Global Initiative meeting, Mr. Clinton described Ms. Palin’s appeal by saying, “People [...]
