September 24, 2008
Cheer Up, Gang…
…there’s a silver lining in that cloud over Wall Street:
WASHINGTON (Reuters) — Democrat Barack Obama has opened a 9-point lead over Republican John McCain in the U.S. presidential race amid turmoil in the financial system and growing pessimism about the economy, according to a Washington Post-ABC News national opinion poll released on Wednesday.
Among likely voters, the poll found Obama now leads McCain by 52 percent to 43 percent. Two weeks ago the race was essentially even, with McCain at 49 percent and Obama at 47 percent, the Post reported…
Posted by Jerome Doolittle at September 24, 2008 02:29 PM
McCain's move is nothing but a desperate political stunt to draw attention away from the fact that the current economic crisis is due in large part to eight years of Bush-McCain economic policies.
Changing the direction of the country on economic policy is the most important thing we can do for the future economic security of the nation. A big part of that needed change is the ongoing selection of the new president. We can't afford delays, postponements, or deviations from that driving that process forward.
Political game-playing is not what's needed; what's needed is robust debate of all the issues so the American people can decide on whether or not change is needed.
Open left is covering this story about MCain in detail. They've taken the position that a bailout is necessary to keep the financial system from falling off a cliff now. If the Chinese dumped their dollars, that would happen, but they're in the boat with us and aren't likely to do so. But the banks are in trouble and rather than tumble into 1929, the bailout needs to be modified radically.
But wait, there's more.....
Chris Bowers says:
Obama is going to make a statement soon. Apparently, he will indicate that the debate must go on, because a President needs to know how to multi-task and because the only thing that has changed in the last few days is McCain's standings in the polls.
I like it. Mock McCain. This is an especially mockable moment, and needs to be treated as such.
Update: McCain is pulling all of their ads. I guess they are serious about this.
I'm not sure what else they should do, but the Obama campaign should at least keep running their ads. Talk about McCain disarming. No free media can compensate for going dark for a few days. Just clobber him with ads now.
Those poll numbers have got McCain worried. Gimmicks and stunts won't cut the mustard.... I hope.
The McCain campaign also wants to knock off the news shows this morning's NYT article on McCain's campaign manager's being paid $15,000/month through August (that's last month!) by Freddie Mac for doing nothing, other than managing McCain's campaign. Keeping their employee next to John McCain's elbow and guiding his every move was apparently quite valuable to Freddie Mac.