Sunday, October 12, 2008

SPB News for Sunday.



GM, Chrysler in merger talks

NRCC Somehow Gets Credit From Wachovia In a move that should turn into an attack ad all on its own, the NRCC somehow secured an $8 million loan from Wachovia (Roll Call) The National Republican Congressional Committee, trailing its Democratic counterpart considerably in cash on hand, has secured an $8 million loan to spend on House races during the last few weeks of the campaign, according to sources. ...[I]n the short term, this is effectively an $8 million donation to the NRCC from Wachovia at a time when Wachovia is supposedly in dire straits, about to be bought out by other banks, and will receive money from the government via the bailout.

The Mask Slips Voters in the George W. Bush era gave the Republican Party nearly complete control of the federal government. Now the financial markets are in turmoil, top government and corporate leaders are on the verge of panic and scholars are dusting off treatises that analyzed the causes of the Great Depression... It’s not just the economy. While the United States has been fighting a useless and irresponsible war in Iraq, Afghanistan... has been allowed to fall into a state of chaos. Osama bin Laden is still at large. New Orleans is still on its knees. And so on. Voting has consequences.
Civil rights icon says McCain stirs hate

Private sector loans, not Fannie or Freddie, triggered crisis — WASHINGTON — As the economy worsens and Election Day approaches, a conservative campaign that blames the global financial crisis on a government push to make housing more affordable to lower-class Americans has taken off on talk radio and e-mail.

U.S. takes North Korea off terror list. North Korea has agreed to U.S. demands for nuclear inspection of its facilities, and in response, the Bush administration has agreed to take the country off its terrorism blacklist. The move was immediately criticized by conservatives, who were concerned about the effect it would have on Iran. “We are also sending a strong message to other rogue nations, such as Iran and Syria, that we will not hold them to their commitments, even as we give in to their demands,” said Rep. Ileana Ros-Lehtinen (R-FL). Sen. John McCain (R-AZ) has moved to the right of the Bush administration, yesterday blasting the anticipated announcement as, essentially, “appeasement.” As recently as July, the White House said that it still considered North Korea a member of the axis of evil.

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