Blog Buzz: Wall Street Bailout Bill Faces a Senate Vote, Vice Presidential Debate Predictions, More of the Sarah Palin-Katie Couric Interview
Our daily look at stories and topics that are lighting up the Internets:
Senate Bailout Bill Plump With Pork
Bloggers report that the 451-page Senate version of the bailout bill seems likely to pass tonight, and the hope is that new "sweeteners" in the form of tax credits and an increase in the FDIC insurance limit will sway some members of Congress to switch their vote. Some conservative bloggers say that there may be time to chew it over and craft a better bill. In particular, bloggers aren't fans of the pork stuck in the bill, including earmarks for wool research and Puerto Rican rum. TalkLeft opposes the bill because "it includes irresponsible sops to the Republicans, corporate tax breaks."
VP Debate: Will the Buzzword Queen Prevail?
While Sarah Palin has been wobbly in recent interviews, both conservative and liberal bloggers think she could surpass expectations at the vice presidential debate on Thursday. Liberal bloggers say that while she struggles at talking about policy details, she excels at filibustering and tossing out "the right stream of buzzwords." Conservative bloggers think her recent interview with Hugh Hewitt and her past debate success bode well for her performance on Thursday. The fact that the moderator will be Gwen Ifill, who has a book coming out about Barack Obama and the politics of race, has one conservative blogger demanding she be removed. A National Review Online blogger thinks Palin could use the situation to her advantage. A Politico blogger wonders why the issue is only coming up now so close to the debate.
Palin-Couric Interview Gets Worse
As more segments of her interview with Katie Couric air, liberal bloggers find more reasons to dislike Sarah Palin. From her comment that being gay is a choice to her inability to name one publication she reads (she reads "all of them," actually) to her lack of Supreme Court knowledge, the list of cringeworthy moments in the "ongoing horror movie" (the interview) goes on. Bloggers mock her "mighty intellect" and sarcastically vow never to underestimate her again.
—Gretchen Hannes
Reader Comments
This bailout is a political bailout. The democrats are right, the republicans have been irresponsible in taking care of America and it's citizens and their economic future.. The republicans are right, the democrats have been irresponsible in taking care of America and it's citizens and their economic future. Both parties are in agreement. So are the voters.
Wal Street Bail Out States Problems Too
I'm not an economic genius, but I am a smart small business owner.. I have a plan for the bailout that will help wall street, help economy, and protect tax payers..
Here goes:
1. Buy out bad mortgage debt 70 cents on the dollar in todays fair market value of the asset..
2. Banks/investment firms do not get to choose which debt the government purchases: its all or nothing..
3. Create government branch to manage sale of assets..
4. Make State gevernments 10% responsible for the bad assets taken over in their own states..
Its that simple... The bank/investment firm does not get totally bailed out, so we dont have to worry as much about these fat cats getting paid: its still going to hurt them. We protect the tax payers money by purchasing something that we get an immediate 30% profit on. This does not give the banks the ability to choose (good bad debt) from (bad bad debt). And some of these states like California and Colorado that let these bad lending laws happen get a hit too for bad government..
THATS RIGHT - I SAID SOME OF THESE STATE POLITICIANS ARE COMPLETE IDIOTS: states control lending laws also, so why do I in Texas have to pay for Califoria's and Colorado's misakes????????????????????????????????????????
Senate Bailout Plan
It's clear the Senate nor House has a clue!! It's time to vote all of these Incumbutts out of office and start over. Give the next group of "Geni-not-for-us" a chance to come up with a new plan. I'm not in the market for this much PORK. Obama said it. You can dress a PIG up and put lipstick on it, but it's still a Pig--and this Rescue Plan (HA! HA! didn't know NASCAR needed rescuing) is one FAT PIG and I'm not buying it!
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