Lou Dobbs Tonight
Friday, October 3, 2008

Tonight, it’s official: Both houses of Congress have passed the
$850 billion Wall Street bailout that rewards massive banks and
corporations for their deceptive lending practices, shady
accounting and reckless, greedy transactions.

Now it’s on its way to the president for a slam dunk signature.
It’s another big win for the ultra-wealthy and another insult
to the ordinary men and women who make up this country. We’ll
have complete coverage. Plus:

* House members are the latest to have to explain their votes
on the mega-bank mega-bailout. They love to talk about ending
pork, but this bill was loaded with it.

* California’s budget crisis is worsening. Gov. Arnold
Schwarzenegger sent a letter to Treasury Secretary Henry
Paulson saying his state may need an emergency loan up to $7
billion. California is not the only state struggling for
funding during this credit crunch. New Mexico and Massachusetts
are considering cancelling large infrastructure projects.

* Congress is rushing through meaningless legislation ahead of
its latest vacation, rather than addressing the major issues
that matter to Americans. Congress didn’t pass appropriations
bills, but instead lumped spending measures into a continuing
resolution. On the critical legislation like e-verify,
lawmakers simply passed a temporary extension. And, Congress
will break without passing real foreclosure relief for
struggling families.

* Manufacturers, unions, and farmers groups are outraged at the
way this country’s faith-based free trade policies created the
current economic crisis. Today, the Coalition to Fix America's
Economy will announced a proposal to revive our manufacturing
sector and to make manufacturing and farming part of the
economic dialogue for our presidential candidates.

Lou’s nationally-syndicated talk radio show, The Lou Dobbs
Show, debuted this spring. Join us weekdays from 3-6 p.m.
Eastern for a look at news and politics aimed at independent
thinkers. Visit LouDobbsRadio.com to check your local listings
or listen live online.

Today, Ken Walsh, chief White House correspondent for U.S. News
& World Report. Walsh will be on to talk about last night’s
vice presidential debate. Pat Choate, the author of “Dangerous
Businessâ€