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POPSA Transparent TARP? We're getting there. The list of banks receiving assistance under the Capital Purchase Program is LONG, Treasury will need to get to work posting those contracts in particular. Why wasn't this done under the Bush administration?
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POPSWhat A Veto Threat Really Means Sure, President Bush opposes Congress' foreclosure rescue plan because it's a bailout, but there's another reason for the veto threat--leverage. Here's a good take on the issue from Politico.com
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POPSA Generous Bailout If true, this would be a fairly generous stimulus plan, signaling that the president is very concerned about the state of the economy. Critics have said that a $300 rebate--like the one taxpayers received just after Bush first took office--would not be enough. Stay tuned. -- Brian Wingfield
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POPSA Good Sign That the U.S. Economy Is In Trouble Bush lobbying for OPEC to boost oil production comes just shy of the president suggesting that he has some influence over oil prices--something this president has adamantly stated he does not have. For good or for bad, Bush rarely walks hat in hand to anyone. When the president suggests that OPEC increasing production would help U.S. families, it's a good indicator of how he really feels about the state of the economy.
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POPSLess Than an Energy Bill It's called an energy bill, but this is not what many lawmakers hoped for. True, it raises fuel economy standards significantly and it boost biofuel production, but it includes basically no incentives for renewables such as wind and solar power. Big Oil got away on this one without a tax increase that would have paid for renewables, but the writing's on the wall for the oil industry--the fuel economy and biofuel hike are aimed at reducing the country's oil appetite. For 2009, the energy debate in Congress shifts to climate change. -- Brian Wingfield
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