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Unfortunately I believe that we are limited in what we can focus on. I think that if we proceed with the partisan sideshow of prosecuting Bush admin. officials, healthcare will get lost in the brouhaha.
— Posted by denamom, Obama's Quandary...

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Bailout, FDA Skirts Rules, Fed Mum on Bear Stearns Deal

POSTED: 11:05 AM ET, 10/ 2/2008 by Chris Matthews

Federal Bailout » The Senate has passed a revised version of the $700 billion bailout plan, sending the legislation to the House for a vote tomorrow ... markets fell this morning, while Wall Street overwhelmingly expects the Federal Reserve to cut interest rates ... meanwhile, regulators are trying to prevent customers from withdrawing cash from troubled banks in hopes of averting further failures. — The Washington Post.

FDA Skirts Contracting Rules » The Food and Drug Administration circumvented government contracting procedures when it hired without competition a public relations firm to "create and foster a lasting positive public image" of the agency. — The Washington Post

Fed Mum on Bear Stearns Deal » The Federal Reserve is refusing to provide details on the deal it made with a private firm to manage $30 billion in assets from the failed investment bank Bear Stearns. — ABC

Tape at Stevens Trial » Jurors are expected to hear audio of secretly-taped phone conversations that prosecutors say show Sen. Ted Stevens knew he was wrong in failing to report more than $250,000 in gifts. — USA Today

Palin 'Truth Files' » John McCain's campaign presents Gov. Sarah Palin's perspective in the ongoing "troopergate" investigation with the Palin Truth Files, an online interactive that chronicles the case and offers "truth squad" e-mail alerts. — Wired

Rail Safety » The Senate yesterday easily passed a sweeping rail safety reform bill that would require more rest for rail workers and new technology aimed at preventing disasters like last month's deadly Los Angeles train crash. — The Associated Press

Rangel Watch » Rep. Charles Rangel's lawyer has disclosed a letter showing that the House ethics committee approved a November 2007 trip to Antigua that critics say was paid for by lobbyists. — The Hill

By Chris Matthews |  October 2, 2008; 11:05 AM ET The Daily Read
Previous: Engineer Was Texting Seconds Before Crash | Next: Bridge to Somewhere: FDA Uses Alaska Corp. in Questioned Contract


Please email us to report offensive comments.

Bipartisanship and ? Maverick McCain.

Dear concerned citizens of America and Mass Media of the U.S.A.
As a concerned registered independent voter, forensic psychiatrist, disabled American I made my decision to vote for Obama-Boden ticket.

It is sad, unfortunate, and tragci that Temperamental and Angry McCain is out to play and create discard, mistrust and distress around Obama with the Vail of claim that he will bring bipartisanship in Washington DC. He is destroying him claim every by painting Obama naive. It is tragic, sad, and unfortunate that so called Maverick McCain has already generated a disdain and demeaning face off in the debates and bailout suggestion. Obama is real Presidential and he maintained a smile during the debate and while McCain had a constant grin and disdain towards Obama.

Yours sincerely,

COL. A.M.Khajawall [Ret] MD.
Forensic psychiatrist, Disabled American Veteran and Iraq
Freedom team. Grass roots California leader per Senator McCain's

PS: It is sad and unfortunate that Hon, Temperamental and angry Maverick McCain had a constant grin and disdain towards his debater[s ]. Do not blame palin blame ? Maverick McCain.

Posted by: COL. A.M.Khajawall [Ret] | October 2, 2008 11:11 AM

We're taking our bailout lead from Bush, the same guy who wanted to privatize Social Security -- the same guy who spooked us with images of mushroom clouds and WMD into attacking Iraq. Are we crazy now to give the Bush, who didn't get elected honestly in 2,000, a whopping $700 billion to fool around with in a bailout scheme that in effect amounts to crony capitalism?
Sterling Greenwood
Aspen Free Press

Posted by: AspenFreePress | October 2, 2008 11:28 AM

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