Pelosi Balks at Bailout Scheme

Staff / Truthdig Sep 22, 2008 Nancy Pelosi isn't buying into the idea of a $700 billion gift basket for Wall Street without any strings attached. The House speaker is all for a bailout, so long as it's clear that "the party is over for the Bush administration’s anything goes, failed economic policies." Update 2 Dig deeper ( 1 Min. Read )

‘Left, Right & Center’: Wall Street on the Rocks

Staff / Truthdig Sep 20, 2008 What to make of the bailouts and sellouts that dominated the past week's financial headlines? Well, "Left, Right & Center" commentators Matt Miller, Robert Scheer and Tony Blankley (Arianna Huffington was away) have some ideas about what caused the nightmare on Wall Street and what the future holds. Dig deeper ( 1 Min. Read )

McCain’s Prescription: Set Up Health Care Like Banking Industry

Staff / Truthdig Sep 20, 2008 Whoops! As New York Times columnist Paul Krugman pointed out Friday, presidential nominees Barack Obama and John McCain both have articles in the latest edition of Contingencies magazine about how they would reform America's health care industry. In light of certain recent events in the banking world, McCain may want to reconsider his position. Dig deeper ( 1 Min. Read )

McCain Calls for End to Big Business Bailouts

Staff / Truthdig Sep 20, 2008 And now, this latest dispatch from the U.S. Department of Unintentional Irony: Sen. John McCain spoke out against the Federal Reserve's recent bids to give life support (read: gigantic amounts of money) to failing financial institutions. Isn't he the same guy who has looked to Phil Gramm for economic advice? Dig deeper ( 1 Min. Read )

Economic Meltdown: Don’t Say We Weren’t Forewarned

Robert Scheer / Truthdig Sep 19, 2008 Has the war on terrorism become the modern equivalent of the Roman Circus, drawing the people’s attention away from the failures of those who rule them? Corporate America is a shambles because deregulation, the mantra of our president and his party, has proved to be a license to steal. Dig deeper ( 3 Min. Read )

Obama Ads, McCain-Is-Economically-Clueless Edition

Staff / Truthdig Sep 19, 2008 Turns out that having Phil Gramm on one's economic advisory team may not be the best way to demonstrate one's readiness to inherit the gigantic mess that the U.S. economy has become under the Bush administration's not-so-close watch -- or at least that's what Obama's camp is pointing out in this ad on the financial debacle. Dig deeper ( 1 Min. Read )

No Time for a Minimalist

David Sirota / Truthdig Sep 19, 2008 Barack Obama isn't going to win any arguments about the economy if he keeps winking at the robber barons who helped wreck Wall Street. Dig deeper ( 3 Min. Read )

Bush Makes Cameo Appearance at White House

Staff / Truthdig Sep 19, 2008 President Bush had been laying low over recent days, but it seems his inner circle considered it prudent to trot him out for a brief appearance at the White House. He surfaced on Thursday to speak vaguely about the snowballing economic crisis on Wall Street before disappearing once again. Dig deeper ( 1 Min. Read )

Stock Tips

Cameron Cardow / Truthdig Sep 18, 2008 Dig deeper

Fiddling While Wall Street Burns

Marie Cocco / Truthdig Sep 18, 2008 Obama shows more promise than McCain, if only because he correctly sees deregulatory zeal as a culprit. But Obama's economic strategy simply can't be implemented now: He wants to spend on necessary investments such as health care, but would have no money to do it. Dig deeper ( 3 Min. Read )

The ‘Reform’ McCain Wants to Forget

Joe Conason / Truthdig Sep 18, 2008 With the markets in frightening turmoil and the public outraged by financial irresponsibility and excessive greed, John McCain has suddenly rediscovered the importance of strong, watchful government. Dig deeper ( 3 Min. Read )

Wall Street Socialists

Amy Goodman / Truthdig Sep 18, 2008 With financial institutions begging for bailouts, taxpayers should be in the driver's seat. Instead, decisions that will cost people for decades are being made behind closed doors, by the wealthy, by the regulators and by those they have failed to regulate. Dig deeper ( 3 Min. Read )