Posted: 03 Oct 2008 12:26 PM CDT
The Emergency Economic Stabilization Act of 2008 also known as the "Bailout Bill" has passed the U.S. House of representatives, voting isn't finished, but the 217-218 vote threshold has already been passed.
Earlier it was reported by ABC'S Political Radar that officials were saying the US House of Representatives had enough votes to pass the bill and after the vote concluded, those reports were shown to be true.
The House of Representatives needed 217-218 votes to pass the bill, with everyone voting, it looks like thet have already have over 260 votes for the bill.
The Emergency Economic Stabilization Act of 2008 aka Bailout, has been voted on and the threshold has been passed and the bill goes through.
I will bring the final vote count when it is. Numbers continue to change even though they announced the passing of the bailout, there is an overwhelmingly majority though.
Original reports from The Hill, say it passed at 263 to 171.
The Senate passed the bill with a vote of 74 to 25 (Roll call here) as reported by Business Week.
SFGate reports there were billions of earmarks and pork added into the Senate version of the bill.
While crafting a bill intended to rescue the U.S. economy this week, lawmakers couldn't stop themselves from adding billions of dollars in tax breaks that have little to do with restoring confidence in financial markets.
Yesterday Nancy Pelosi had said they would not bring the bill to the floor of the House again unless they were sure they had the votes to pass it.
A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.
You can read more about the version that passed the Senate here.
[Update] House roll call on the Emergency Economic Stabilization Act of 2008 can be found here.
(Corrections made to this article to reflect the official passing of the bill)
Welcome to socialism.
Posted: 03 Oct 2008 11:14 AM CDT
Video above is the Luntz Focus group of undecided voter's reactions, YouTube URL here.
While pundits from different sides of the political aisle saw last night's VP debate between Sarah Palin and Joe Biden, differently, some headlines today have the McCain campaign feeling good with Palin energizing the conservative base.
For weeks conservative pundits have been begging the McCain campaign to "let Sarah be Sarah" and from the reactions today of conservative forums, blogs, websites and pundits, they received exactly what they asked for when Sarah Palin walked out onto the debate stage and said "Nice to meet you. Hey, can I call you Joe?"
The Headlines Making The McCain Camp Happy.
David Brooks from the New York Times headlines with "The Palin Rebound" and he describes how conservatives were weary about whether they would see the Palin they met when McCain announced her and the woman that gave the Republican Convention speech they so liked, or whether it would be the uncomfortable woman from the recent interviews she had given, and he points out that those concerned Republicans ended up on the standing on the couch cheering Palin last night as he calls her performance "vibrant and tactically clever."
The Boston Globe headlines with "Rivals shine, Palin a bit more brightly," as they point something that was said to me a time or two during the debate, Palin "seemed to be having a good time" and was almost "gleeful" at the type of format the debate offered, to which she acknowledged when she said "I like being able to answer these tough questions without the filter even of the mainstream media."
They fairly point out that Biden comported himself well except when he tried to match Palin's colloquialisms, he showed strength and a wealth of knowledge and they assert the "evening nearly free of gaffes, large or small."
With so few mistakes, a clear winner was hard to determine. On CNN, a real-time measure of reactions from a group of Ohio voters - which took up nearly a fifth of the screen - rarely dipped into the negative, no matter who was talking.
The Politico headlines with "You betcha Sarah Palin can debate," and they start off with "Sarah Palin was supposed to fall off the stage at her vice presidential debate Thursday evening. Instead, she ended up dominating it."
That piece goes through a list of comments by Sarah Palin which resounded throughout the conservative blogosphere last night with those that were live blogging the debate, from her statement criticizing Barack Obama for saying he would meet with foreign leaders hostile to the United states, where she said "Some of these dictators hate America and what we stand for. They cannot be met with. That is beyond bad judgment. That is dangerous. An issue like that taken up by a presidential candidate goes beyond naiveté and goes beyond poor judgment."
They point to lines well received from Joe Biden, specifying when he got choked up about his wife and child dying and being a single parent.
The wall Street Journal headlines with "Palin the Populist" with a sub title stating "Joe Biden was no match for "Joe Six-Pack." They discuss a number of issues, but the piece brings up another line of thought, which is the reaction to Sarah Palin's performance on the right side of the political aisle.
Sarah Palin saved John McCain again Thursday night. She is the political equivalent of cardiac paddles: Clear! Zap! We've got a beat! She will re-electrify the base. More than that, an hour and a half of talking to America will take her to a new level of stardom. Watch her crowds this weekend. She's about to get jumpers, the old political name for people who are so excited to see you they start to jump.
Not all headlines were as favorable but titles such as these are the ones energizing the base and exciting the McCain campaign.
Reactions From The Base
From one end of the conservative blogosphere to the other, the reactions varied in words but not excitement, with Michelle Malkin declaring "Sarah Rocks", all in caps.
She was warm, fresh, funny, confident, energetic, personable, relentless, and on message. She roasted Obama's flip-flops on the surge and tea-with-dictators declarations, dinged Biden's bash-Bush rhetoric, challenged the blame-America defeatism of the Left, and exuded the sunny optimism that energized the base in the first place.
Malkin then goes on to predict a "whole new, severe strain of Palin Derangement Syndrome to begin tonight."
Ed Morrissey from Hot Air points out "Sarah Palin demonstrated both the wisdom of adding her to the ticket and the folly of the McCain campaign's press bubble for the last four weeks. Palin was confident, assertive to the point of aggressive, knowledgeable, and open."
Jazz Shaw, Assistant Editor of the Moderate Voice, which is a left leaning centrist site, ends with "Point to Palin for the race from me. The pundits will tear the individual statements apart for weeks, but Governor Palin not only beat expectations, but beat Biden fair and square."
These reactions are representative of what is being seen from the conservative side of the blogosphere, which is the base Palin needed to energize.
The video shown at the beginning of the article is of Frank Luntz's focus group, to which during the first presidential debate, those listed as undecided gave it to Obama and in this one they overwhelmingly gave it to Sarah Palin over Joe Biden.
Media polls such as CBS and CNN say the undecided voters asked favored Biden for last night night's debate.
John McCain's Campaign Reaction.
Tonight, Governor Palin proved beyond any doubt that she is ready to lead as Vice President of the United States. She won this debate, putting Joe Biden on defense on energy, foreign policy, taxes and the definition of change. Governor Palin laid bare Barack Obama's record of voting to raise taxes, opposing the surge in Iraq, and proposing to meet unconditionally with the leaders of state sponsors of terror. The differences between the Obama-Biden ticket and the McCain-Palin ticket could not have been clearer. The American people saw stark contrasts in style and worldview. They saw Joe Biden, a Washington insider and a 36-year Senator, and Governor Palin, a Washington outsider and a maverick reformer. Governor Palin was direct, forceful and a breath of fresh air." –Jill Hazelbaker, McCain-Palin 2008 Communications Director.
There was a rally thrown for Sarah Palin after the debate to which Gateway Pundit attended and he has provided some pictures of the party thrown afterward and he says "There were 10,000 people there and they were FIRED UP!"
Did Sarah Palin gain any supporters last night for the McCain/Palin ticket? Definitely.
Did she lose any support from the base? Highly doubtful and unlikely.
Did she impress undecided voters? From the Lunzt Focus group, we see that she did.
Posted: 03 Oct 2008 02:22 AM CDT
Hat tip to commenter Carolyne at Wake Up America
A note from Radarsite: Not being a lawyer, I cannot presume to write intelligently about the possible ramifications of this decision. However, the fact that the court has refused to dismiss this case and furthermore is requiring the submission of additional documention seems to be a troubling sign for the Obama camp. Radarsite has posted the first page of the full PDF transcript of this decision below and has posted a link to the complete document. If any of our readers who are lawyers would like to send in comments on this case I would be happy to post them. - rg
UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF PENNSYLVANIA
PHILIP J. BERG, ESQUIRE, :
vs. :CIVIL ACTION NO: 08-cv- 04083
BARACK HUSSEIN OBAMA, ET AL, :
ON DEFENDANT'S, BARACK HUSSEIN OBAMA AND THE DEMOCRATIC
PHILIP J. BERG, ESQUIRE, :
vs. :CIVIL ACTION NO: 08-cv- 04083
BARACK HUSSEIN OBAMA, ET AL, :
ON DEFENDANT'S, BARACK HUSSEIN OBAMA AND THE DEMOCRATIC
NATIONAL COMMITTEE'S MOTION TO DISMISS PLAINTIFF'S
COMPLAINT PURSUANT TO RULE 12(b)(1) and 12(b)(6)
THIS CAUSE came before the United States District Court Judge, Honorable R.
Barclay Surrick on Defendant's Barack Hussein Obama and the Democratic National
Committee's Motion to Dismiss. Having reviewed the Motion and Plaintiff's Opposition
to said Motion and for good cause shown, it is hereby
ORDERED that the Motion to Dismiss pursuant to F.R.C.P. 12(b)(1) and
12(b)(6) is DENIED. It is further ORDER of this Court that the following discovery is
to be turned over to Plaintiff within three (3) days:
1. Obama's "vault" version (certified copy of his "original" long version)
Birth Certificate; and
2. A certified copy of Obama's Certification of Citizenship;
3. A Certified copy of Obama's Oath of Allegiance.
IT IS SO ORDERED
Dated: September ______, 2008
Hon. R. Barclay Surrick
United States District Court Judge
For the Eastern District of PA
BERG v. OBAMA et al Doc. 13
For the complete PDF file click here
Posted: 02 Oct 2008 06:20 PM CDT
The Politico and ABC's Political Punch are both reporting that Sarah Palin might more aggressive tonight in the vice presidential debate than we have witnessed her to be yet.
From The Politico:
In an interview with Sean Hannity this week, Alaska Gov. Sarah Palin focused on a foreign policy flip-flop by Sen. Barack Obama, D-Ill.: his May 24, 2007 vote against reauthorizing funding for U.S. troops in Iraq because the bill did not include a timetable for troop withdrawal.
Political Punch also shows two videos, showing Biden's words against Obama and they end the ABC piece ends with:
But it might be more problematic for Biden to defend Obama on the vote, which Palin will assuredly raise in this evening's debate. Biden has already criticized the vote as pandering that could cost American lives. How do you walk that statement back?
Tonight be very interesting indeed.
Don't forget to join the Live Blogging event, found here, it starts at 8:45 p.m. ET.
Posted: 02 Oct 2008 05:37 PM CDT
The video below is of Harry Reid once again showing us how damaging it is when a politician doesn't understand how to keep his big mouth shut. A problem common to Reid and Nancy Pelosi these days.
YouTube URL here.
Comments made by Senate Majority Leader Harry Reid regarding "a major insurance company" being on the verge of bankruptcy sparked fears and sent several large insurance companies stocks downward.
Before the Senate passed the multi-billion dollar "bailout" bill, Democratic Senate Majority Leader Harry Reid made a comment where he said "We don't have a lot of leeway on time. One of the individuals in the caucus today talked about a major insurance company. A major insurance company -- one with a name that everyone knows that's on the verge of going bankrupt. That's what this is all about."
That sparked fear in the hearts of investors, who were already weary of potential problems and suffering losses, almost immediately stocks for several large life insurance companies started to decline.
An analyst who covers insurance companies for Raymond James & Associates, Steven Schwartz, saying that investors were already worried about "life insurers' exposure to real estate as well as "secondary exposure" via investments in troubled finance firms like Lehman Bros, Wachovia and Washington Mutual," states that "Harry Reid didn't help any."
One of those Fortune 500 companies, New York-based MetLife, saw their stock plunge by 16 percent on Thursday, following a 14 percent drop on Wednesday, forcing them to issue a statement saying "The statement yesterday by Senate Majority Leader Harry Reid does not apply to MetLife. MetLife is financially sound and has high ratings from all of the major insurance ratings agencies. MetLife is fully able to meet all its obligations."
Shares of Hartford Financial Services (HIG, Fortune 500) fell about 33%, following a 7% decline on Wednesday. The stock has lost more than half of its value this week.
As the fallout from Reid's words continued to be felt, Reid's spokesman, Jim Manley, sent an email to CNNMoney, writing, "Senator Reid is not personally aware of any particular company being on the verge of bankruptcy. He has no special knowledge about [a bankruptcy] nor has he talked to any insurance company officials. Rather, his comments were meant to refer to the conditions in the financial sector generally. He regrets any confusion his comments may have caused."
Despite Reid's spokesman's assurances, other top life insurers' stocks continued to drop dramatically, including Paris-based AXA which plunged 12.5 percent, Canadian based Manulife Financial Corp who owns John Hancock, Prudential Financial and Principal Financial Group, fell 6 percent, 11 percent and 15.5 percent respectively.
Posted: 02 Oct 2008 05:01 PM CDT
DigitalJournal.com Covering Debates Live, Giving All Bloggers Free Syndicated Coverage
If you're a blogger or citizen journalist who doesn't have the resources or time to live blog the event on your own, you can embed our widget and get up-to-the-second coverage for your blog's audience. The event will be live blogged by DigitalJournal.com staff, as well as citizen journalists. And all coverage is going to be fair and balanced, offering both comments and criticisms of all candidates.
I am embedding the DigitalJournal.com Live Blog of the Canadian Federal Leaders Debate, on Wake up America.
I am not one of the moderators or hosts, this is a DigitalJournal.com event, but I will not be live blogging myself, so this will offer readers a chance to see some blow by blows, participate by submitting comments from the Wake up America site to the DJ live blogging event, participate in their polls and interact with others across the web.
If you wish to embed this event on your own blog, you can get the embed code here.
The event will be activated at 8:45 p.m. ET.
(Disclaimer- This is an outside event and opinions, analysis and content may not reflect the views of Wake up America management.)
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