Tag: Wall Street

As Barack Obama readies himself to lead the United States through what appears to be a scathing recession, he faces a choice between feeding the political sphere's Wall Street addiction and investing in economic progress. Two key former Clinton cabinet officials could determine which course he takes.

At Economist’s View, Mark Thoma brings up a subject no one seems to want to talk about anymore - helping people with modest incomes buy homes.

With energy prices plummeting right along with the rest of the stock market the past two weeks, Republicans may have lost one of their best weapons for attacking Democrats in the energy battleground state of Colorado.

The political blog State of the Union compares John McCain's support on daily tracking polls with the S&P 500 over the past two weeks.

Republican Wayne Allard, retiring after two terms in the Senate, wants Colorado residents to know he has appreciated the cards and letters over the years but will no longer be taking e-mails from constituents. With more than three months to go before his successor is sworn in, Allard's Senate office this week posted a "thanks, but no thanks" valedictory from the former Fort Collins veterinarian.

A $56-billion plan to extend unemployment benefits, pump billions into infrastructure projects and increase funding for low-income nutrition and health-care programs passed the House — and died in the Senate as too expensive. Trickle-down economics lives on. Read the rest of Mike Lillis' story at The Washington Independent.

Rep. Mark Udall, stumping in Edwards Sunday, came as close as he’ll likely ever come to saying “I told you so,” comparing his two "no" votes last week on the financial bailout package to his dissent on the Iraq War and the Patriot Act.

Colorado Democrats Mark Udall and John Salazar and Republicans Marilyn Musgrave and Doug Lamborn stuck with their opposition to a massive $700 billion emergency plan to rescue the nation's troubled financial credit markets on Friday morning, but House leaders corralled enough votes to pass the bailout 263-171.

LOVELAND - When Democrat Betsy Markey booked a town hall meeting in Loveland Wednesday to talk about the economic bailout, er, rescue plan, she probably expected to say more than the couple of sentences she was able to squeeze in, between a barrage of questions and comments from a group of about 50 people talking about the worries, fear and anger they have over America's troubled economy and the credit crisis that caused it.

Retiring Rep. Tom Tancredo (R-English) could have a future writing speeches for Sen. Barack Obama after his term winds down in January. In a speech urging bipartisan support for the financial rescue plan on Wednesday, Obama echoed lines about the crisis from a statement Tancredo issued Monday.