Deadman's picture

    How The American Dream helped create this American nightmare ....

    You hear a lot of conservatives nowadays wanting to place blame for the country's current economic crisis on the Community Reinvestment Act of 1977, which encouraged commercial banks to lend money to borrowers in low-income areas.

    The implication is that the CRA, enacted and significantly expanded under two different Democratic administrations, led to the creation and proliferation of the risky subprime mortgages that have brought the U.S. banking system to the brink of collapse.

    SarahPalinGrrrrl's picture

    DO IT FOR SARAH!!!!!!!!!

    HI EVERYBODY!!!!!!!!! so i'm gonna write something now that maybe u won't like Undecided but its REALLY IMPORTANT like the MOST IMPORTANT THING EVER except for prom AND for pursuing your dream of being a supermodel-political-commenter like tyra Kiss except not black unless u are black but i'm white!!

    DF's picture

    Remember, Remember the Fourth of November

    About a month ago, I wrote about the importance of remembering the motivation behind the firing of U.S. Attorneys, which has come to be known as the U.S. Attorney scandal.  At the time I found the relative quiet about the scandal in the run-up to the election a little disturbing.  Thankfully, a few things have changed since then.

    Topics: 
    Michael Wolraich's picture

    Try googling "McCain Advisers"

    At the top of the results, you'll see a paid ad for Obama:

    Who Advises John McCain?
    Over 177 Lobbyists Run His Campaign Watch Obama TV Ads and Donate Today
    BarackObama.com

    Those guys are smart.

    Topics: 
    Michael Wolraich's picture

    Breaking: McCain Brainstorming Notes Leaked

    John McCain's campaign may be facing an uphill battle, but he and his staff still have plenty of ideas according to notes from a campaign brainstorming session. The notes were leaked to major media outlets from a source close to John McCain who asked not to be identified for unidentified reasons:

    Michael Wolraich's picture

    RealClearPolitics.com - Obama over the threshold

    When I'm bored or anxious, I like to play with the interactive electoral college map over at RealClearPolitics.com. They set it up for you based on the latest aggregate polling data, but you can change the configuration at will. Obama has been ahead all along, but you had to turn several gray "toss-up" states to light blue "leaning Obama" in order to give him the win.

    Topics: 
    Michael Wolraich's picture

    We Are the Ones Project

    In these dark days of negative politics and collapsing markets, I just want to call out a feel-good art project to warm our chilly hearts. A few of us associated with DagBlog organized a nationwide Obama fundraiser over the summer with fundraising parties in multiple cities across the country and around the world. I worked on the NYC event which took place at a loft in Brooklyn.

    ChronoSpark's picture

    My Month Long Contribution

    Some of you may have noticed that I haven't been commenting or posting anything on TalkingPointsMemo for a while now. The reason is that I've decided to spend the last month of the election in Missouri volunteering full-time for the Obama campaign. It's a sacrifice I'm willing and happy to make. Missouri is on the point of tipping blue, and I want to see that it actually DOES go blue for Obama on election day. There's no reason that it can't.

    Topics: 
    DF's picture

    Debate live-blog

    6:15 PDT: Late start.  I'm not sure what Brokaw's question about who would be Treasury Secretary was in aid of.  On the "How is the bailout supposed to work?" question, Obama seems to be giving a competent explanation of the potential danger of the credit crisis.

    6:18 PDT: Did John McCain just say that he's going to fix the economy by ending the culture of lobbying and cronyism in Washington?  Why should anyone believe that when he can't do it within his own campaign?  Also, earmarks!

    Topics: 
    DF's picture

    Hello, world!

    Greetings, fellow travelers!  Thanks to the Dag guys for giving me the opportunity to do some guest blogging at dagblog.com.

    For my first post here, I wanted to offer a quick thought.

    Topics: 
    Michael Wolraich's picture

    McCain Accuses Economy of Bias

    The Republican presidential hopeful John McCain let his frustration with the US economy boil over today. When asked in an interview about the challenges his campaign faces, McCain responded, "Look, it's no secret that the economy favors my opponent." Asked to elaborate, he replied, "This country is in crisis. Now is not the time to point fingers. But everybody knows that the economy caused this crisis, and I think everybody knows why it's doing it."

    Deadman's picture

    Perspective on a Gray Monday ...

    So, the market is down 555 points, almost 5 percent. Yet so far this is no October Black Monday, like when the market dropped 13 percent on October 28th, 1929 or when it dropped 22% on October 19, 1987. (Note: Things are moving fast, market down another 100 points since I started writing).

    This is, in many ways, even worse - just another Gray Monday, where we get the continued, orderly drip-drip-drip of a market with no confidence, and no idea of where we are headed.

    Michael Wolraich's picture

    People who channel 16-year-olds think Palin won

    I spent the debate blogging as a 16-year-old, and I have to disagree with the assessment of a Biden win. The experience was, to be honest, very weird. Writing as SarahPalinGrrrrl in previous posts did not require me to get into her head. She and I maintained a respectful distance from one another. But during the live blogging, there was no time for that. I had to be SarahPalinGrrrrl. OMG. As a result, I listened to the debate the way a 16-year-old might have, or at least how I imagine that a 16-year-old might have.

    Topics: 
    Michael Wolraich's picture

    BREAKING: McCain pulls out of Michigan

    Politico: John McCain is pulling out of Michigan, according to two Republicans, a stunning move a month away from Election Day that indicates the difficulty Republicans are having in finding blue states to put in play.

     

    Topics: 
    Michael Wolraich's picture

    RSS Feed Back Online

    We just launched, and we're still working out kinks in the blog. The RSS feed on the main page was down, but it's back, baby. So get your DagBlog posts hot off the blog at http://dagblog.com/rss.

    Deadman's picture

    You're kidding, right? Right?!?

    So yesterday I wrote about how the Senate was making the bailout plan bigger but not better in order to get reluctant legislators aboard.

    Oh man, you have no idea. It makes me want to cry.

    According to the WSJ, A bill that was originally 3 pages is now more than 400 pages. Among the useless 'sweeteners' tacked onto the plan:

    SarahPalinGrrrrl's picture

    LIVE DEBATE BLOGGING!!!!! GOOOOOO SARAH!!!!

    OMG!!!! RU excited for sarah palin's debate? I SOOOO AM!!!! GOOOOO SARAH!!! she's going to kick that biden dude's WRINKLY OLD ASS!!! LOL!!! he totally looks like draco malfoy's evil dad in harry potter.

    Deadman's picture

    A better bailout ... or just a bigger, badder one??

    So now the Senate is going to try its hand at passing a bailout plan.

    Michael Wolraich's picture

    John McCain - Steady at the Helm in Turbulent Seas

    John McCain on the state of the economy

    1/10 McCain: I don't believe we're headed into a recession. I believe the fundamentals of this economy are strong, and I believe they will remain strong.

    Huzzah, the fundamentals are strong!

    Topics: 
    Deadman's picture

    Holy *%$# ... Bailout defeated, market collapses

    OK, I was wrong. Really wrong. I was sure politicians would approve this bailout bill, no matter how publicly unpopular it was. The short-term risks of not doing something seemed too enormous - a complete freeze of the credit markets and the subsequent collapse of the economic system that relies so heavily on that free flow of credit.

    Pages

    Latest Comments