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October 2nd, 2008
01:45 PM ET

Steny Hoyer on bailout vote

House Majority Leader Steny Hoyer, speaks to the press in his office on the financial market turmoil on Capitol Hill, Wednesday.

House Majority Leader Steny Hoyer, speaks to the press in his office on the financial market turmoil on Capitol Hill, Wednesday.

Deirdre Walsh
CNN Capitol Hill Producer

House Majority Leader Steny Hoyer, D-Md, told reporters "on our side I think we're not losing substantial votes."

He said Republicans are still trying to add votes and "we're now assessing where members are."

He was clearly still unhappy about the process of having the Senate force this package on the House, but blamed Senate Republicans. "I deeply regret that the Senate refused to pass this. This was largely, I understand from Senator Reid, the refusal by Republicans to pay for tax cuts."

Hoyer expected "minimal" losses from conservative House Democrats known as "blue dogs." Hoyer pointed out that 25 of the 44 blue dogs voted for the bailout on Monday and do have concerns about the tax piece. "They don't like and I don't like the fact that the Senate jammed us, and put it on this bill in the end." But Hoyer added, he believes these blue dogs who already voted for it will still support the package.

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Filed under: 360° Radar • Bailout Turmoil • Deirdre Walsh • Economy
October 2nd, 2008
01:19 PM ET

America's chilling future

Glenn Beck | Bio
Host of CNN Headline News' Glenn Beck

Editor's note: Glenn Beck is on CNN Headline News nightly at 7 and 9 ET and also is host of a conservative national radio talk show.

Dear America: Happy 300th Birthday!

It's 2076 and we've just invented the time-fax machine. (Actually, "we" didn't invent the time-fax machine, the State did - they pretty much control everything now.)

I'm faxing this back to you in 2008 because that seems to be the year we had the best chance to reverse our course and get back to the vision laid out by our founding fathers - a vision that didn't include the government being in the insurance business.

I don't have a lot of time (the State only gives us one 30-minute break per day) so let me give you some advice: Stop worrying so much about who runs the country and start worrying about who runs your towns, your states, and your Congress.

I know you're all distracted by the presidential election, but for all the money and time poured into it, the truth is that you're choosing between two roads that will lead you to the same destination. Sure, one may be the Autobahn and the other a two-lane highway, but you'll end up at the same place either way.

Decades of Republicans and Democrats alike have all chipped in to lead you to where you are today. Believing that one person, from either party, can change that by themselves is a big mistake.

Read more...


Filed under: Bailout Turmoil • Economy • Glenn Beck • Raw Politics
October 2nd, 2008
12:43 PM ET

Lieutenant Involved In Taser Incident Found Dead

Lieutenant Involved In Taser Incident Takes His Own Life. Watch the report
Lieutenant Involved In Taser Incident Takes His Own Life. Watch the report

Gabriel Falcon
AC360° Writer

Michael Pigott turned 46-years-old yesterday. But there will be no celebrations. Only mourning.
The veteran New York City police lieutenant committed suicide yesterday. According to investigators, Pigott shot himself in the head with a .9 mm gun.

His death comes on the same day that Iman Morales was laid to rest. The two men, their deaths, are linked by a singular devastating incident.

Last week, Morales stood naked on a security gate above a Brooklyn sidewalk. He was screaming, and seemingly emotionally unstable. Police responded to the disturbance and confronted the 35-year-old Morales, who was holding a long light bulb tube.

FULL POST


Filed under: Crime & Punishment
October 2nd, 2008
11:49 AM ET

It's all about Sarah Palin

Program Note:
It's the showdown everyone's been waiting for.
Sarah Palin and Joe Biden face off on the issues.
Join the best political team on television for your front row seat!

Debate Night in America: Vice Presidential Debate
Tonight, beginning 8p ET

__________________________________________________________________________________

James Carville
CNN Political Analyst

Let's just call this the NASCAR debate. If Palin doesn't crash, the spectators will surely be left feeling like they didn't get their money's worth. Needless to say, I'm looking forward to tonight's Vice-Presidential debate in St. Louis, Missouri.

Shortly after John McCain announced Governor Sarah Palin as his running mate, I was accurately quoted as saying that she is "uniquely and supremely unqualified" to seek the position for which she is running. And I have seen nothing to date that refutes that notion.

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October 2nd, 2008
11:32 AM ET

Anger vs. Steadiness in the Crisis

Joe Klein
AC360° Contributor
TIME Columnist

A few hours before the house of Representatives smacked down the financial-bailout package, I watched John McCain — eyes flashing, jaw clenched, oozing sarcasm and disdain — on the attack in Ohio: "Senator Obama took a very different approach to the crisis our country faced. At first he didn't want to get involved. Then he was 'monitoring the situation.' That's not leadership; that's watching from the sidelines." And I thought of Karl Rove. Back in 2003, at the height of Howard Dean mania, Rove was skeptical about Dean's staying power as a candidate: "When was the last time Americans elected an angry President?"

Much has been written about McCain's mercurial temperament during the past few weeks. An election campaign that was supposed to be all about Barack Obama has turned out to be all about John McCain. In the process, the other side of the equation — Obama's steadiness throughout — has been pretty much overlooked. Just after the House shot down the bailout, Obama took to the stage in Colorado, and the contrast with McCain couldn't have been greater: "Now is not the time for fear, now is not the time for panic," he said. "We may not be able to do everything overnight...But I want you to understand, I know we can do it...Things are never smooth in Congress. It will get done."

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Filed under: Joe Klein • Raw Politics
October 2nd, 2008
11:22 AM ET

Rhetoric Wrecks

Steve Turnham
AC360 Producer

Conservative House Republicans say they were close to voting for the Wall Street rescue package Monday, thanks in part to John McCain's insistance that their voices be heard.

What they say tipped them into the no column was a sense that the bill had been larded with giveaways to liberal housing advocates, and a speech by House Speaker Nancy Pelosi they say made the vote intensely political.

The bill now before the house strips out those giveaways and instead sends the money to deficit reduction. It also includes a big item proposed by Barack Obama and quickly backed by John McCain - an increase in federal deposit insurance from $100,000 to $250,000.

If they were as close as they say to swallowing the package, these new provisions should make it go down easier on Friday.

But if Democratic leaders use the floor vote as an opportunity to hammer the GOP again, all bets are off.


Filed under: Bailout Turmoil • Raw Politics
October 2nd, 2008
10:50 AM ET

Is Sarah Palin ready for Prime-Time?

Program Note:
It's the showdown everyone's been waiting for.
Sarah Palin and Joe Biden face off on the issues.
Join the best political team on television for your front row seat!

Debate Night in America: Vice Presidential Debate
Tonight, beginning 8p ET
 
 
 __________________________________________________________________________________

John P. Avlon
Author, Independent Nation: How Centrists Can Change American Politics

Is Sarah Palin ready for Prime-Time?

That's the question Americans will be looking to answer tonight at the first and only Vice-Presidential debate in St. Louis.

Rarely are VP debates consequential – the first rule is "do no harm" to the top of the ticket.

But the combination of one of the least nationally-known picks in history, paired with the oldest nominee in history, has Americans paying uncommon attention to the person who could be one chicken-bone away from the presidency.

FULL POST


Filed under: John P. Avlon • Raw Politics • Sarah Palin • T1 • Vice Presidential Debate
October 2nd, 2008
10:23 AM ET

Sarah stop trying so hard, show more substance

Program Note:
It's the showdown everyone's been waiting for.
Sarah Palin and Joe Biden face off on the issues.
Join the best political team on television for your front row seat!

Debate Night in America: Vice Presidential Debate
Tonight, beginning 8p ET

 
__________________________________________________________________________________

Rachel Campos-Duffy
Republican activist
'Red Mom/Blue Mom'

I’ll never quite understand why the McCain campaign thought it was a good idea to send Sarah to Charlie and Katie before Regis and Kelly.

Frankly, Palin’s handlers” should be sued for incompetence. The View was begging to have her and if I was running the McCain campaign, I would not only have agreed to book her, I would have offered her as a guest co-host!

Shows like The View play to her natural strength; connecting to regular people in the language of regular people. On The View, I believe a scrappier, less defensive Sarah would have emerged, and perhaps have set the tone for her, and her critics.

FULL POST

October 2nd, 2008
09:20 AM ET

Senate passes bailout

The Senate on Wednesday night passed a sweeping and controversial financial bailout similar in key ways to one rejected by the House just two days earlier.

The measure was passed by a vote of 74 to 25 after more than three hours of floor debate in the Senate. Presidential candidates Sens. Barack Obama, D-Illinois, and John McCain, R-Arizona, voted in favor.

Like the bill the House rejected, the core of the Senate bill is the Bush administration's plan to buy up to $700 billion of troubled assets from financial institutions.

Those assets, mostly mortgage-related, have caused a crisis of confidence in the credit markets. A major aim of the plan is to free up banks to start lending again once their balance sheets are cleared of toxic holdings.

Read More...


Filed under: Bailout Turmoil • Raw Politics
October 2nd, 2008
09:02 AM ET

When Joe Met Sarah

Program Note:
It's the showdown everyone's been waiting for.
Sarah Palin and Joe Biden face off on the issues.
Join the best political team on television for your front row seat!

Debate Night in America: Vice Presidential Debate
Tonight, beginning 8p ET

  __________________________________________________________________________________
Jack Gray
AC360° Associate Producer

It’s the political Thrilla in Manila – just substitute St. Louis for Manila and Claire McCaskill for Imelda Marcos. In one corner, Joe “What do you mean, hair plugs?” Biden. In the other corner, Sarah “I’ve never met a moose I didn’t kill” Palin.

Democrats are confident that all Biden has to do tonight is show-up, shut-up and make sure Elisabeth Hasselbeck doesn’t try to ambush him on stage.

Republicans maintain Palin is being sorely underestimated and that, as long as she doesn’t characterize having vodka martinis with Boris Yeltsin at the Bering Strait Yacht Club as foreign policy experience, she could pull off an upset.

FULL POST

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