AC360 Senior Producer
Good morning folks, what a mix of news this morning. Certainly the big headline continues to be the $700 billion dollar federal bailout that Treasury Secretary Henry Paulson will try to push through Congress this week. That sounds like a serious amount of money, doesn’t it? The fast moving events of the stock market, White House, and Congress dominate the media landscape this Monday morning, and we will be all over this coverage which seems to be ‘Bigger’ at this point than the election horserace we have been covering so closely for you. That said, we can certainly expect the candidates to jump into this fray today and offer their 2 cents.
John McCain is already expressing concern that this fed bailout gives too much power to Secretary Paulson and is calling for a bipartisan committee to oversee it. We should also hear today if Mccain will return to Washington to work on this proposal with Congress. Meanwhile Barack Obama called this $700 bn cost ‘sobering’ and called for a series of principles the deal must meet, including ‘no blank check’ and help for homeowners facing losing their homes. Both candidates called for no federal money to be used to help Wall Street execs. Candy Crowley and Dana Bash will follow the candidates today and bring us their latest news from the campaign trail.
And let’s not forget this week is the lead-up to Friday night’s first presidential debate. What would’ve been a debate focusing on foreign policy will now likely include many references to this financial crisis. Both candidates will be preparing for this big night. Conveniently, the United Nations General Assembly kicks off in NY today. This event will offer candidates the opportunity to underline their views on Iraq, Afghanistan and other big international issues as many world leaders descend upon New York City to take their turn at the podium. McCain has scheduled a series of meetings for Sarah Palin with foreign leaders as well, so we should see her shaking a few hands to try to bolster her foreign policy credentials. This is a photo opportunity the GOP will not miss.
Other stuff we have for you guys on the hopper tonight: John King is offering reporting on potential voting problems in Florida, and steps officials are taking to avoid a repeat of 2000. Dan Simon also has a piece on the Cult of Corruption that may have existed between Big Oil companies and the government committee assigned to oversee them. Dan has an exclusive interview with an auditor at this government agency who describes corruption that he witnessed during his 22 years on the job.
It’s going to be a great show, see you at 10pET.
Filed under: The Buzz
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