The Minnesota Independent

Economy/Finance - Latest Stories

Bloomberg: Fed won’t say to whom it’s lent $2 trillion in public funds

By Steve Perry | 11.11.08 | 9:55 am


Bloomberg News reports that the Federal Reserve Bank is “refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.” Reporters Mark Pittman,…

Last-second ad flurry ads hits 6th District

By Andy Birkey | 11.03.08 | 7:53 am


Before Rep. Michele Bachmann’s Oct. 17 statements on MSNBC about “anti-America views” she feared some in Congress hold, the airwaves in the 6th Congressional District were relatively quiet. But over the past two weeks well over…

New DCCC ad targets Bachmann

By Andy Birkey | 10.22.08 | 7:49 am

The Democratic Congressional Campaign Committee has launched new ads in the 6th Congressional district as promised, but, like Democratic candidate El Tinklenberg, they avoid mentioning Rep. Michele Bachmann’s gaffe that brought money and attention to the…

Turns out Oliver did know about Fannie and Freddie, and lots of other things too

By Jeff Severns Guntzel | 10.09.08 | 5:41 pm

Remember the second questioner from the second presidential debate? His name was Oliver Clark. Remember how John McCain answered Clark’s bailout question? He said lots of things, but you’ll remember this zinger: “The match that lit this fire was…

‘Drain America First’: CD6 candidates spar over energy, economy and war

By Andy Birkey | 10.03.08 | 9:05 am

Republican incumbent Rep. Michele Bachmann and two challengers who hope to unseat her to represent Minnesota’s 6th Congressional District in Washington met in Stillwater Wednesday evening for the first candidates’ forum. In front of a standing-room-only crowd, Bachmann, DFL-endorsed El Tinklenberg and Bob Anderson, the unendorsed Independence Party candidate, sparred mainly over the economy, although energy, the war in Iraq and the Stillwater lift bridge each garnered some attention.

The best line of the night came when Tinklenberg criticized Bachmann on her offshore and ANWR drilling proposals: “The strategy that she has proposed of ‘Drain America First’ is a bad strategy.”

MnIndy video: Madia talks economy, opponent’s attacks in Wednesday news conference

By Chris Steller | 10.01.08 | 5:23 pm

Here’s five minutes of video from a press conference held today by Ashwin Madia, DFL candidate for U.S. Congress in Minnesota’s 3rd district. In this clip, Madia addresses the economy; Republican characterizations of his background as less well suited to the district than that of his opponent, state Rep. Erik Paulsen; ads by outside groups attacking Paulsen that have been called inaccurate; and an incident in which a Madia campaign volunteer removed Paulsen signs from a public right-of-way. Also: six-minute clip of GOP response.

NYT’s Krugman chortles over Powerline’s past lunacy about housing bubble

By Andy Birkey | 10.01.08 | 1:00 pm

New York Times columnist Paul Krugman went after Minnesota conservative blog Powerline for criticizing Krugman’s 2005 column warning of a housing bubble that was about to burst.
Powerline’s John Hinderaker wrote at the time: “[T]here is little reason…

Religious Right Watch: Gays caused Wall Street troubles, Obama still the anti-Christ

By Andy Birkey | 09.30.08 | 3:32 pm

In this week’s religious right watch: Social conservatives blame purportedly gay-friendly companies for the troubles on Wall Street, a southern mayor can’t decide whether Obama is the anti-Christ and a Minnesota man lectures community on the evils of drag queens.…

Bachmann strays from GOP talking point: Pelosi not to blame for ‘no’ vote on bailout

By Andy Birkey | 09.30.08 | 8:17 am

The House rejected a $700 billion bailout of Wall Street on Monday, sending the Dow plunging 777 points, and Republican leaders blamed a speech by House Speaker Nancy Pelosi, D-Calif., for the rejection. Rep. Michele Bachmann, R-Minn., roundly rejected…

McCain talking points are revealed as Obama rejects call to cancel Friday’s debate

By Paul Schmelzer | 09.24.08 | 5:35 pm

As Barack Obama rejects John McCain’s call for canceling Friday’s debate, our sister site in Colorado gets a hold of talking points accidentally sent out by a GOP spokesperson on how to discuss the suspension of McCain’s campaign. The memo, titled “TALKING POINTS: SUSPENDING THE CAMPAIGN,” was sent out in error to the entire Colorado media list by McCain represenative Tom Kise. It includes his warning: “Please do not proactively reach out to the media on this.”