Pelosi on gridlocked bailout

Speaker of the House Nancy Pelosi has some choice words for President Bush and today's news that the proposed $700 billion bailout package failed to pass in the House of Representatives.

Update: It's being reported that Pelosi's address may have been the reason for the vetoed bill.

[Source: thepage.time.com]

House rejects bailout package, Stocks plunge!

In a week of economic and political turmoil, the House of Representatives just voted today to reject the $700 billion rescue of the financial industry. The vote came in defiance of President Bush and Congressional leaders of both parties, who said the bailout was needed to prevent a widespread financial collapse.

The vote was 228-205, with 133 of the president's OWN PARTY turning against him to join 95 Democrats in opposition of the bill. 

Supporters of the bill are saying they will try to bring the rescue package up again as soon as Wednesday.

In anticipation of a defeated vote today, stock markets plunged and only further plunged once the news came in. The Dow closed 777 points down, in the worst single-day drop in two decades and oil prices fell on fears of a global recession.

After the chaos, the president said the following:

"We put forth a plan that was big because we got a big problem. And we'll be working with members of Congress, leaders of Congress on the way forward. Our strategy is to continue to address this economic situation head on."

It definitely says something when members of your own party don't back you! 

[Source: nytimes.com]

And the winner is...

The Land of Lincolner himself, Barack Obama.

At least, that's what the latest USA Today/Gallup Poll is contending. The poll shows 46% of people who watched Friday night's presidential debate say Democrat Barack Obama did a better job than Republican John McCain; 34% said McCain did better.

What do you think?

[Source: blogs.usatoday.com]

The latest ad

Arizonan senator John McCain uses Sen. Obama's running mate against him in the latest TV spot. Check out the castigation below.

[Source: thepage.time.com]

A deal reaches tentative agreement

And may even have the votes to pass.

After successive negotiations, lawmakers and the Bush administration have reached a tentative agreement early today on a $700 billion financial rescue package.

The House is expected to vote on it tomorrow, with a Senate vote to follow.

Read Obama's response to the agreement here.

[Source: thepage.time.com]

Obama: McCain never mentioned middle class

As they are wont to do, presidential contenders are always of the belief that they won a presidential debate, even as the rest of Americans are ambivalent about said debate. The McCain camp believes it was Sen. McCain who won Friday's debate, and natch, the Obama camp believes it was Sen. Obama who won.

At an Obama-Biden rally happening today in Detroit, Obama slams his opponent for not reffering to the "middle class" in Friday's debate.

"The truth is, through ninety minutes of debating, John McCain had a lot to say about me, but he had nothing to say about you."

To read Obama's prepared remarks in full, click here.

[Source: thepage.time.com]

Sarah Palin 2.0 on SNL

Tina Fey and Amy Poehler opened last night's episode of Saturday Night Live once again. This time, Tina played Palin to Poehler's Katie Couric in a skit that mocked Couric's interview with Palin earlier this week.

You must check this out, Tina is spot on once again and we all get a little giggle at how easy it is to duplicate Palin's vague and meaningless answers.

For your viewing enjoyment:

[Source: comedycentral.com]