From CNN's Jack Cafferty:
There’s no shortage of controversy when it comes to the massive stimulus bill – including whether or not it should include a “Buy American” provision.
Supporters insist that using only U.S. made goods in work projects — like bridges, roads and tunnels — will help jump-start the economy by giving business to American companies. Steel companies and labor unions are pushing for such a provision. But others worry that restrictions could start a trade war, and make the economic downturn even worse.
To read more and contribute to the Cafferty File discussion click here
Last Friday, we ran a piece of tape from an interview Governor Sarah Palin did with "CBS Evening News" anchor Katie Couric. She was asked about the bailout package. Palin rambled on incoherently for nearly a minute about trade, jobs, health care... Everything but the bailout package.
That segment of the Cafferty File was posted on YouTube and as of today has received more than one million, one hundred thousand hits.
Watch: Jack Cafferty's YouTube Clip
Well guess what? She's ba-ack.
All weekend we heard the phrase, "We're making progress." Today, we were assured that House leaders had the votes to pass this humongous bailout bill to save the economy from a meltdown. We should know better.
When the roll was called, the necessary votes were missing. Wall Street was like a yo-yo on a string. At one point, the Dow was down more than 700 points. And it all happened despite the efforts of John McCain to anoint himself the savior of the bailout package. It turns out members of McCain's own party balked at voting for the bailout in the house.
There is a reason the McCain campaign keeps Governor Sarah Palin away from the press.
This is a direct excerpt from Katie Couric's One-On-One interview with Sarah Palin, which aired Wednesday on CBS.
COURIC: Why isn’t it better, Governor Palin, to spend $700 billion helping middle-class families struggling with health care, housing, gas and groceries? … Instead of helping these big financial institutions that played a role in creating this mess?
PALIN: Ultimately, what the bailout does is help those who are concerned about the health care reform that is needed to help shore up the economy– Oh, it’s got to be about job creation too. So health care reform and reducing taxes and reining in spending has got to accompany tax reductions.
If McCain wins, this woman will be a 72-year- old heartbeat away from being president of the United States.
Senators Barack Obama and John McCain are in Washington to meet with President Bush and other lawmakers... After the president summoned them there to help hash out a bipartisan resolution to the big 700 billion dollar financial bailout plan. It's another grand but empty political gesture. But you can't let a good photo-op go to waste.
Hours earlier, Congressional leaders reached an agreement on a bipartisan counter-proposal to the Bush plan... Without the help of either candidate or the president. The lawmakers are hopeful they'll have a vote within days and a bill on the president's desk soon after.
Yesterday John McCain, in a grand gesture, announced he was suspending his campaign and rushing to Washington to save the day. A lot of people saw that as the naked political stunt that it was.
John McCain doesn't want reporters talking to his running mate. Why not?
The Straight Talk Express - which, by the way, is an expression you don't hear much from McCain these days - would prefer no talk at all if the conversation is between the news media and Sarah Palin.
Yesterday's photo op at the United Nations between Sarah Palin and Afghan President Hamid Karzai was a joke. The McCain people weren't going to allow any reporters in the room when the two met - just cameras. It was only after the networks threatened to not cover the event at all that the McCain people relented and allowed a pool producer into the room. He was permitted to stay for a total of 29 seconds before being escorted out. And of course, no questions.
With the polls tightening, the stakes for the upcoming presidential debates are getting higher. The first of three debates is set for this Friday in Mississippi. Despite all that is already known about John McCain and Barack Obama, presidential debates are famous for sometimes producing a moment that will change the outcome of the election. The pressure is definitely on.
The Wall Street Journal reports that Obama's advisers are looking for ways for Obama to provoke McCain's anger or to show that he's out of touch with the average American. McCain's advisers are coaching McCain to pounce on certain phrases Obama may say like "as I’ve said before..." A McCain aid told The Journal Obama uses that phrase on occasions where he's actually changed his mind.
The first debate was supposed to cover domestic issues, but both campaigns agreed to change it to foreign policy.
Leaders from all over the world are gathering in New York this week for the fall session of the United Nation's General Assembly.
And with all the possible conversations between heads of state and other political leaders that will go on there...One meeting is creating so much hype, the flies are fighting for spots on the wall to listen in.
Alaskan Governor and Vice Presidential candidate Sarah Palin is scheduled to meet with Afghan President Hamid Karzai. The meeting comes as the McCain-Palin camp works to assure voters she has a good enough grasp of foreign policy to be one heartbeat way from the presidency.
Until now, Palin's foreign policy experience involves a trip to Kuwait and Germany to visit Alaskan National guard members...And something about being able to see Russia from her house.
When you graduate 894th out of a class of 899, eventually it will show up.
And John McCain's mediocre performance at the Naval Academy is showing up big time this week in his total lack of understanding of the nation's financial crisis.
He told us he didn't know much about the economy… now he's proving it.
So much so that the Wall Street Journal, perhaps America's leading financial publication, is blasting McCain over what its editorial board sees as inaccurate and, quote, "unpresidential" comments about the crisis in America's financial system.
Republican Vice Presidential candidate Governor Sarah Palin is refusing to cooperate with an investigation into the firing of Alaska Public Safety Commissioner Walt Monegan.
Palin's office claims Monegan was let go for insubordination. Monegan says it's because he wouldn't fire a state trooper named Mike Wooten.
Three years ago that trooper was in the middle of an ugly divorce from Sarah Palin's sister. Monegan says Palin pressured him to fire Wooten. Palin denies that. Monegan ended up losing his job.
Alaska lawmakers have been looking into this matter since July. It has been a bipartisan investigation and Palin had originally agreed to cooperate. But not anymore.