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September 2008 Archives

September 30, 2008

A New Vote By Friday?

Friday is looking like the day when Congress will try again to pass a bailout...sorry..rescue package.

Or late Thursday night for the Senate and Friday morning for the House.

All wrong.  The Senate will vote tomorrow; the House goes back into session on Thursday -- so don't expect a House vote until late Thursday or Friday.


The Daily Palin... Unleashed?

On feminism, homosexuality, life, abortion, domestic oil supplies, ANWR, her daily reading regimen, how Alaska is a microcosm for America, her faith, feistyness, contraception, evolution, the Morning After pill, Joe Biden and more. 

The McCain campaign is quite happy with the 43rd (uh, fourth) installment of Katie Couric's interview....

Hugh Won't Embarrass Sarah. He Promises.

Hugh Hewitt interviews Gov. Sarah Palin. The answers are here. To whet your appetite, here are the questions:

Governor, your candidacy has ignited extreme hostility, even some hatred on the left and in some parts of the media. Are you surprised? And what do you attribute this reaction to? 

Now Governor, the Gibson and the Couric interview struck many as sort of pop quizzes designed to embarrass you as opposed to interviews. Do you share that opinion?

Have you followed the attacks on you, say, via Drudge or the blogs? Some of them are just made up and out of left field, others are just mocking. Do you follow those?

Governor, you mentioned the people who are struggling right now. Have you and your husband, Todd, ever faced tough economic times where you had to sit around a kitchen table and make tough choices? 

Governor, when you say things are tight right now, is that simply because of Todd being off not working? Or is it because of extraordinary demands on the fiscal resources of the Palin family? What's the situation there?

Governor, let's turn to a couple of issues that the MSM's not going to pick up. You're pro-life, and how much of the virulent opposition to you on the left do you attribute to your pro-life position, and maybe even to the birth of, your decision, your and Todd's decision to have Trig?

Do you think the mainstream media and the left understands your religious faith, Governor Palin?

Governor, let's close with some foreign affairs. It is reported that you had an Israeli flag in your governor's office. You wore an Israeli flag pin occasionally. One, is that true? And two, why your support for Israel?

Last question, Governor. Have you and Todd heard from your son? And how is it on your nerves having your son deployed?

Republicans Are Free Agents Now

The Republican Party is in a near state of complete collapse. There is massive and public infighting. A total lack of confidence in the leadership. No real core idea. A weak national party. A President and White House apparatus with almost no influence whatsoever. A party that might have inadvertently sabotaged a bill it needed to -- and wanted to -- pass.

Yesterday's vote was cathartic in the sense that it clarified for people that John McCain, who still has a solid chance of winning this election, is really not the standard bearer of the Republican Party in function, even if he is associated with the party in brand.

When everyone is a free agent you get anarchy. President Bush is being eaten alive by his "legacy". The House Republicans are desperate for the second coming of a Gingrich-like figure to lead their guerrilla army against whatever the future holds. The Senate GOP is grasping at governance while staring into the abyss of a potential 40 minus seats.

And McCain is attempting to walk between the raindrops with his integrity on the line, and, in the words of one knowledgeable observer, playing out the punchline of, "if you want a friend in this town, get a dog" (wearing lipstick.)

A question for Republicans to answer: How will Sen. McCain government with even slightly larger Democratic majorities in the House and the Senate?  Triangulation? Acquiescence? Complete gridlock?

Department Of Silly Accusations

Democrats listen to this clip and hear Sen. John McCain locate Venezuela in the Middle East.

I hear McCain somewhat inarticulately list Venezuela as a country in addition to the Middle East that imports too much oil to the U.S. 

Either way: calling this a "gaffe" depends on one's willingness to willfully suspend basic judgment -- do ya really think that McCain's geographical homunculus situates Hugo Chavez in the Middle East? Really?  You think McCain really thinks that? Really?

There are credible gaffes, and then there are not credible gaffes. The status of Pakistan as a failed state in 1999... might be one worth thinking about. 

This isn't.


Bloomberg's Third Term(inal)

Item: New York City Mayor Michael Bloomberg wants a third term and will reportedly seek to change the law to get it done.

Analysis: If Bloomberg were running for the first time, would a technocratic titan of the financial world be just what New Yorkers wanted right now?  Now -- there is also the matter of whether voters will stand for a guy whose ego compels him to stay in charge. Apparently, yes -- his approval rating is well above 50% now. 

And Bloomberg ain't Rudy...

"This Sucker Could Go Down" Update: Optimism On The Hill

There really is... optimism on Capitol Hill.

Negotiators get the sense that a substantial number of House Democrats and House Republicans are satisfied that they're on the record as having opposed the bailout.

Now that they've expressed themselves, gotten their joints cracked, they seem to be open to voting in favor of a tweaked package.

The economic-minded folks who've e-mailed and called today caution not to be too excited by the Dow's 485 point rise. A dead cat bounce.

Apparently, utility companies had a tough go.... the credit markets are still essentially locked... too much is happening overseas to even begin to contemplate...and more bank failings are right around the corner.

Just Musing...

Gov. Sarah Palin may be a master of the non-answer, of the Bushian empathetic pose, but she has company. Sens. McCain and Obama certainly didn't have an answer to the important question of how their goody bags will necessarily shrink because of the economic crisis....

"This Sucker Could Go Down" Update: The Origin Of the FDIC Idea

To lure recalcitrant Democrats and Republicans and to sooth the nerves of the middle class, both Barack Obama and John McCain seem to have independently arrived at the idea of increasing the FDIC deposit guarantee to $250,000. 

As soon as Obama spoke about the idea, House Republicans pounced, claiming that it had come up in negotiations and that Democrats had rejected it.

I can't find a single Democrat privy to the negotiations who remembers any formal proposal to increase the FDIC limit this weekend, although Rep. Steve Cohen (D-TN) introduced legislation to that effect on 9/22. Republicans insist that the House GOP's lead negotiator, Rep. Roy Blunt, put the FDIC idea into the mix on Saturday night.  A review of contemporaneous notes taken by one participant does not include the FDIC idea.

Now -- if Obama had borrowed the FDIC idea from Republicans, he'd be within his rights to claim that doing so was part of an outreach to Republicans -- an attempt to get them on board.  The Obama campaign is not claiming that.

What they're pointing to, instead, is Obama's openness to a "menu of options," including thethe House GOP's mortgage insurance option (which made it into the bill), and his willingness to postpone any additional economic stimulus. Most significantly, say Obama aides, was his opposition to giving bankrupcty judges latitutde to adjust mortgages -- a move that angered liberals.

"Obama has consistently been trying to maximize VOTES, not maximize Democratic votes," a senior campaign official said.

In any event, both Obama and McCain seem to have settled into a bipartisan groove, working, separately, but -- finally -- in the same direction.

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"This Sucker Could Go Down" Update: A Democratic Alternative

House Democrats who voted against the bailout are throwing a new bill into the mix. A diverse lot of lawmakers led by Rep. Pete DeFazio want to give the Federal Deposit Insurance Corp. more latitude to deal with bank failures, just as the FDIC efficiently negotiated the takeovers of Washington Mutual and Wachovia.

It would also suspend "fair value accounting," which could, in theory, stabilize prices and impose a securities tax equal to one fourth of one percent of profits.

The ideas were first introduced by former FDIC chairman William M. Isaac in Friday's Washington Post.

Cosponsors of the legislation include Rep. Rush Holt, Rep. Donna Edwards, Rep. Mazie Hirono, Rep. Marcy Captur and Rep. Elijah Cummings.

Among those making calls on the bill's behalf will be Andrew Stern, president of the country's largest and most powerful labor union, the SEIU.  And OpenLeft, a key liberal activist site, is already whipping support for it.

The Bailout: What's Next?

The House won't vote until Thursday at the earliest, and though there's a chance that the Senate could take up the bill on Wednesday, senior Senate aides are doubtful.

A lot will depend on politics and the market.

What do the markets do between now and Thursday?  The credit markets, the stock markets, etc.

How do swing/ind voters assess McCain's effort and do they hold him responsible or ineffectual? You can bet that the Obama campaign and the McCain campaign are polling and holding focus groups to assess this.

Do the Dems change their strategy and recraft a bill that would pass without Republican votes?

Will Republicans try to time a breakthrough Thursday night or Friday morning to trump Sarah Palin's performance?

Support For Gov'. "Rescue" Drops

Pew Research, which last week found that 57% of Americans support government intervention to save the economy, finds this week that public support has dropped; only 45% support a "government plan to invest or commit billions to secure financial institutions." 38% say they're opposed; the rest don't know.  Independents are the least likely to support it (42%); Republicans are the most likely (49%)  Two thirds say they're "angry" about the plan, which independents being the angriest and Republicans being the least angry.

Note that Pew does not poll the term "bailout."

McCain Ad Uses Bill Clinton To Blame Democrats

A new ad by Sen. McCain uses former President Bill Clinton to validate claims that Democrats were responsible for failing to rein in Fannie and Freddie and ipso facto, the whole shebang. The ad "airs nationally." (We'll see.) 

Here's what Clinton said last week: "I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress, or by me when I was President, to put some standards and tighten up a little on Fannie Mae and Freddie Mac." He's not blaming Democrats entirely, and, indeed, he's said he prefers Barack Obama's solution.

But he's certainly not reading from the Democratic talking points...

 

Obama, McCain Endorse FDIC Guarantee Expansion

Senators Obama and McCain have arrived at the idea of raising the FDIC deposit insurance limit from $100,000 to $250,000. Obama introduced the idea in a statement this morning, and McCain, in a round-robin series of interviews, made the same suggestion. The FDIC already guarantees retirement accounts up to $250,000.

Of course, the FDIC itself has only about $50b in reserves, so Congress would have to recapitalize the FDIC in the event of a series of bank failures.


New AFL-CIO Mailer On Health Care

Here's the latest mail piece from the AFL-CIO. It hits Sen. McCain on health care, and it'll be sent to more than a million union members across seven states, according to an AFL-CIO spokesperson.

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Obama's Tax Cut Ad; RNC Ad Blasts Bailout Plans

First, here's Barack Obama's most extensive ad to date on his middle class tax cut -- a two minute video featuring, to camera, talking about the economic crisis. It will air nationally and in states.


The counter comes from the Republican National Committee's independent expenditure message unit.




This 30 second spot will air in Michigan, Ohio, Pennsylvania, Virginia and Wisconsin -- and Indiana, marking the most time that either the campaign or the RNC saw fit to run spots there. The IE unit says it will spend approximately $5 million on these ads.   Here's evidence that the RNC and the McCain campaign aren't coordinating messages: the RNC's ad blasts the bailout plan -- the same bailout plan that McCain was working the phones to support.

Atlantic Electoral Map, 9/30

The distribution and categories are based on polling, historical trends, conversations with the campaigns, and the thoughts of smart analysts in those states. MARGINAL TOSS UPS -- states where historical voting patterns seem to be asserting themselves but exogenous factors prevent the electorate from leaning to a particular candidate at this point. TRUE TOSS UPS -- states where historical voting patterns are not asserting themselves AND exogenous factors prevent the electorate from leaning.

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Likely Obama: CA, CT, DE, DC, HI, IL, ME, MD, MA, NJ, NY, OR, RI, VT, WA (190 electoral votes)

Lean Obama: IA, MN, NM (22 electoral votes)

Marginal toss-ups:  FL, MI, NH, WI, PA, OH (99 electoral votes)

True toss-ups: NV, CO, VA, NC  (42 electoral votes)

Lean McCain:  GA, IN, MO, MT, SD (43 electoral votes)

Likely McCain: AK, AL, AZ, AR, ID, KS, KY, LA, MS, NE, OK, SC, TN, TX, UT, WV, WY, ND (142 electoral votes)

Obama: likely + leaners: 212 electoral votes

McCain: likely + leaners = 185  electoral votes

Tossups: 141 electoral votes

Iowa -- almost off the table; might move it into the solid Obama territory next week.


Minnesota - Republicans report that the NRA's massive mailings and opposition to gun control is helping McCain gaining some traction in Northeast Minnesota's Iron Range and around Duluth, home to union Democrats and hunters.  No statewide change in polls - indeed, Obama seems to be opening up a solid lead.

 

North Carolina: : Seems to be a big suburbanite swing among women in particular; still, the big question in NC is whether there'll be enough African Americans, young voters and Latinos to turn the state blue if the economy remains the top issue and if the Obama machine can turn out the votes. Obama has been here twice in as many weeks. Move from LEAN MCCAIN TO TOSSUP.

 

Michigan - poll wise, it's opened back up for Obama, but Republicans are contesting it ferociously. Still a tossup, but if Palin mania didn't help there, not sure what can.

 

Wisconsin - next week, if polls hold, then I might place it into the lean Obama column.

 

September 29, 2008

The Daily Bric-A-Brac: 777 Ain't A Lucky Number

Fat cats?

Still rich.

Golden Parachutes?

Still floating.

Cost to taxpayers: $1 trillion.

Listen to McCain adviser Douglas Holtz-Eakin here.

Will House Democrats come back with a bill that gets more liberals (i.e., enough liberals) on board?

Is the McCain campaign really putting the screws to Gwen Ifill?  It's not going to work, guys.

Goldberg v. Goldfarb on Sarah Palin and Hamas. (Actually, on Sarah Palin and spreading democracy.)

Jonathan Martin reports that Palin will let Sarah Barracuda out to play and subject herself to conservative talk radio interviews.

Ben Smith reports that the Obama campaign tried to recruit a rape victim for a television commercial on a now discredited story about forcing women to pay for rape kits.

Early voting is upheld in Ohio.

 

 

A Voter Asks A Question, And It's Gotcha Journalism

This journalist asks self-righteously...

How is a pizza joint question about Pakistan from a voter an example of "gotcha journalism" when a ropeline comment by Joe Biden about clean coal gets turned into two ads?

Katie Couric: Over the weekend, Gov. Palin, you said the U.S. should absolutely launch cross-border attacks from Afghanistan into Pakistan to, quote, "stop the terrorists from coming any further in." Now, that's almost the exact position that Barack Obama has taken and that you, Sen. McCain, have criticized as something you do not say out loud.  So, Gov. Palin, are you two on the same page on this? 

Sarah Palin: We had a great discussion with President Zardari as we talked about what it is that America can and should be doing together to make sure that the terrorists do not cross borders and do not ultimately put themselves in a position of attacking America again or her allies.  And we will do what we have to do to secure the United States of America and her allies. 

Couric: Is that something you shouldn't say out loud, Sen. McCain? 

John McCain: Of course not.  But, look, I understand this day and age "gotcha" journalism.  Is that a pizza place?  In a conversation with someone who you didn't hear ... the question very well, you don't know the context of the conversation. Grab a phrase.  Gov. Palin and I agree that you don't announce that you're going to attack another country.

Couric: Are you sorry you said it ...

McCain: ...And the fact ...

Couric: Governor? 

McCain: Wait a minute.  Before you say, "is she sorry she said it," this was a "gotcha" sound bite that, look ...

Couric: It wasn't a "gotcha."  She was talking to a voter. 

McCain: No, she was in a conversation with a group of people and talking back and forth.  And ...I'll let Gov. Palin speak for herself.

Palin: Well, it ... in fact, you're absolutely right on.  In the context, this was a voter, a constituent, hollering out a question from across an area asking, "What are you gonna do about Pakistan?  You better have an answer to Pakistan."  I said we're gonna do what we have to do to protect the United States of America

Couric: But you were pretty specific about what you wanted to do, cross-border ...  

Palin: Well, as Sen. McCain is suggesting here, also, never would our administration get out there and show our cards to terrorists, in this case, to enemies and let them know what the game plan was, not when that could ultimately adversely affect a plan to keep America secure. 

Couric: What did you learn from that experience? 

Palin: That this is all about "gotcha" journalism.  A lot of it is. But that's okay, too. 

A Failure To Communicate (What We Have Here)

John McCain has a fundamental problem. It is that the country blames Republicans for this mess, this enormous, many-tentacled, fundamental economic failure, and McCain hasn't differentiated himself from his party enough. Indeed, as he met with Republicans last Thursday, he seemed to be the leader of their party.  With wrong-track numbers hovering above 80 percent, the thumb is so much on the scale that the political universe is warped; no matter what, gravity pulls voters toward Barack Obama.  The public will be forgiven for agreeing that Republican ideology created this mess, and Republican ideology prevented Republican House members from supporting a bipartisan consensus. Calling Obama a risky, big government liberal -- that hoary, basic, often effective Republican narrative device -- sounds just plain wacky.

 

The public basically understands the bailout as the government's being forced to give a lot of money to people who made bad decisions, and, of course the selling of the plan as a "bailout" doomed it from the beginning.  Taxpayers are rightfully angry that they're being asked to socialize risk, although its costs will depend on the price at which the Treasury buys and sells the distressed assets, but that's a tough point to understand intuitively.

 

The failure of the bailout is being interpreted in some quarters as a Jacksonian-style triumph of democracy over the know-better decisions of the technocratic elite -- Main Street's whims over Wall Street's needs. And yet, this isn't really true. When described as a "bailout," the public opposes it. When the principles of the bill are described without using the word "bailout," they support it. So the failure of the bill, was, really, a victory for the inadequate and time-bound vocabulary that our elected leaders use to explain

 

This was and wasn't a partisan failure. Majority Leader Hoyer and Finance Committee chairman Frank, and Minority Leader Boehner were statesmanlike before the vote. Speaker Pelosi gave a partisan speech at the wrong time; it's indeed possible that it cost her 15 votes. Still, if those Republicans had been of stronger backbones and more nimble minds -- and more mature than Pelosi, who, let's call it, gave a relatively tame, generic partisan speech -- the bill would have passed. Those Republicans were looking for an excuse, and Pelosi gave it to them. It shouldn't matter what Pelosi says; the future of the Republican was at stake.  (Newt on Air Force One, anyone?)  Pelosi's not responsible for how House Republicans vote.

 

Neither presidential candidate took a firm position, although one of the candidates riskily suspended his campaign and intervened, without intervening.  That intervention failed; he is now blaming his opponent and Nancy Pelosi via a spokesman and bemoaning the gridlock in Washington with his own lips.


Neither candidate really explained the trade-offs to the American people.  There was something pernicious, in a way, in both candidates' failure to answer Jim Lehrer's simple question: what will the trade-offs be in January? What, of all the things you've promised, will you not be able to accomplish?


As president, both candidates will rely on the power of the bully pulplit to rally the country, and yet neither candidate has distinguished themselves during the worst financial crisis in the country's recent history.

 

BTW: A helluva week for Sarah Palin to debate, huh?

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McCain Blames Partisanship, Pelosi; Aide Calls Pelosi "Reckless"

A statement from Doug Holtz-Eakin has Sen. John McCain casting his lot with House Republicans who blame Democratic add-ons and Speaker Pelosi's pre-vote speech:

 

"Barack Obama failed to lead, phoned it in, attacked John McCain, and refused to even say if he supported the final bill.

 

"Just before the vote, when the outcome was still in doubt, Speaker Pelosi gave a strongly worded partisan speech and poisoned the outcome.  

 

"This bill failed because Barack Obama and the Democrats put politics ahead of country."

 

And a senior McCain adviser said that Pelosi's speech "was one of the most reckless acts I've seen from a congressional leader in twenty years on the Hill."

 

A theory making the rounds of some Republicans is that Pelosi purposely sabotaged the bill to be able to blame House Republicans. Imagine, this theory goes, President Bush's making a partisan speech right before the Patriot Act vote. 

 

"Desperate, petty," a Pelosi aide responded. "She is trying to do the right thing here to pass a bill that a lot of our people hated."  A Democratic aide added: "The Republicans were worried about votes but they thought that momentum would carry it and both sides would keep working  --   was the way they left it.  No Republican asked to pull it.  And 140 votes was more than what Pelosi promised Boehner."

On the other hand, maybe House Republicans were looking for an excuse?

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Prepping Sarah Palin

According to a McCain campaign source, the Wall Street Journal didn't get the whole story today about Gov. Sarah Palin's debate preparation regime.

Prepping Palin for Thursday's debate will be senior advisers Steve Schmidt and Mark Wallace. Contrary to reports, campaign manager Rick Davis will not participate.

Wallace has been helping Palin since McCain announced the pick.

The Journal article seemed to suggest some internal blame-assigning, but sources close to the campaign say that McCain does not blame anyone; he just wanted Schmidt to help. 

Also: note that Obama campaign chief strategist David Axelrod will help prepare Sen. Joe Biden for the debate, so it's not unusual for a campaign topper to spend time helping the veep.

 

 

McCain's Share of The Blame?

Sen. John McCain and his campaign believe he ought to have gotten credit -- some credit -- for its passage.

McCain, today:

I put my campaign on hold for a couple days last week to fight for a rescue plan that put you and your economic security first. I fought for a plan that protected taxpayers, homeowners, consumers and small business owners.

I went to Washington last week to make sure that the taxpayers of Ohio and across this great country were not left footing the bill for mistakes made on Wall Street and in Washington.

Some people have criticized my decision, but I will never, ever be a president who sits on the sidelines when this country faces a crisis. Some of you may have noticed, but it's not my style to simply "phone it in."

Said Steve Schmidt, McCain's chief strategist, on Meet the Press:

"What Senator McCain was able to do was to help bring all of the parties to the table, including the House Republicans, whose votes were needed to pass this"

So if McCain wanted credit for passage, should he share some of the blame for its defeat? 

Two thirds of half Republicans voted for its defeat...after a weekend of telephone call diplomacy from McCain.

Nancy Pelosi may have given a partisan speech, but she was able to get most of her Democrats on board....

 

House GOP Blames Pelosi

House Republicans are blaming Speaker Nancy Pelosi for quashing bipartisanship sentiment right before the bailout bill vote -- and therefore deserves the knock for its failure.

"We could have gotten here today had it not been for a partisan speech on the floor of the House," Boehner said.

Here's what Pelosi said:

Today, we will act to avert this crisis, but informed by our experience of the past eight years with the failed economic leadership that has left us left capable of meeting the challenges of the future.

We choose a different path.  In the new year, with a new Congress and a new president, we will break free with a failed past and take America in a New Direction to a better future."

That Republicans got to the microphones first is a tactical victory for them...

(Basically: Republicans were frightened out of their bipartisan clothing by a floor speech? Does that make sense?)

Where Were You When The World Economy Collapsed?

1:56 pm ET.

Where's Tom Delay when you need 'em?

Who gets blamed for the House Republicans? McCain? Obama? No one?

What's the contingency plan?

What can the government do by itself?

The Bailout Failing; The Dow Plummets

More than 131 House Republucans and 95 House Democrats vote against it.

A rush to cash-in on T-bills...

Dow down nearly 600...

Will Pelosi hold the vote open to get 12 more votes?.

 

Palin Tweaks Biden

Almost an internal monologue of sorts...where has this Sarah Palin been since the convention?

In Columbus, Ohio:

"So I guess it's my turn now.  And I do look forward to Thursday night, and debating Sen. Joe Biden." 

"We're going to talk about those new ideas."

"I'm looking to meeting him too, I've never met him before."

"But I've been hearing about his Senate speeches since I was in like, second grade."

"I have to admit though, he's a great debater, and he looks pretty doggone confident, like he's sure he's going to win."

"But then again, this is same Sen. Biden who said the other day, that the University of Delaware would trounce the Ohio State Buckeyes."

"Wrong!"

The Two "Missing" CBS Palin Answers...Explained

Andrew Sullivan breathlessly asks: "What is CBS withholding?"

He's picking up on a report by Howie Kurtz that CBS is holding "two more responses on tape that will likely prove embarrassing."

I don't know about the content, but what Kurtz is referring to, according to a network insider briefed on the coverage plans, is Palin's answers for Katie Couric's "Vice Presidential Questions" series.

The questions and answers will air on Wednesday and Thursday, the source said. 

(Disclosure: I'm a CBS News consultant, although I was not privy to this information before I asked about it.)

New Yorker Has Some Fun

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The Great Palin Panic Of 2008

Gov. Sarah Palin has lost control of her public image, several top-level McCain advisers said this weekend, and even a baseline performance in Thursday's debate with Joe Biden may be too late to recover it.

The decision to sequester Palin from the national political press corps was made with the assumption that the afterglow from her convention speech would last; a month later, even some Republicans are beginning to have a less favorable opinion of her.

Her knowledge of policy has seemed at times no more than inch deep, and even admirers have complained that her penchant for returning to talking points sounds artificial. Several times the campaign has had to clean up her remarks for her, such as on Saturday, when she hinted at a view of U.S.-Pakistani relations that was closer to Barack Obama's.

Aides questioned why CBS's Katie Couric was given a second interview with Palin after Palin's responses were ridiculed.

One McCain aide complained that too few surrogates are making the affirmative case for her -- she has defenders, to be sure, but they're sparse and they're generally defending her from specific charges. Aside from a single interview with Sean Hannity, she hasn't appeared on a single talk radio show, hasn't held a single conference call with conservative activists, nor she has participated in a telephone call with conservative bloggers.  In turn, these conservatives have largely stopped rallying to her defense.

Internally and to surrogates, senior campaign aides have counseled a "criticize the media" approach, but it has fallen on deaf ears.

A major worry is that if Palin fails to meet expectations Thursday, she'll have no trampoline to fall back on.

Sunday, the campaign sent out a draft version of Palin's schedule that had her prepping for the debate in St. Louis.  Campaign sources say that Sen. McCain himself called an audible and suggested that Palin spend her debate prep time in Sedona and bring her family, allowing her to escape some of the intense pressure of the campaign trail.

According to the Wall Street Journal, campaign manager Rick Davis and chief strategist Steve Schmidt, along with McCain aide Brett O'Donnell will work with Mark Wallace, a former Bush campaign official and United Nations diplomat.

Jill Hazelbaker, McCain's chief spokesperson, denied any internal concern. "Governor Palin is a huge asset to our ticket and she's going to do just fine this week."  Referring to a Palin public appearance in Central Florida, she said, "60,000 people in FL last week is a pretty good indicator that she's connecting."

Instead of unsheathing Palin, the strategy this week is to attack Joe Biden and try to drive a wedge between him and Obama, another McCain aide said.

Obama's Radical Sensibility Won Him The Debate

The first presidential debate was watched by tens of millions of people who were seeing the candidates discuss their views for the first time. 

Both campaigns know that the most get-able voters at this point are the ones who are highly engaged with the race but tend to base their views on the highest, loudest levels of information.

The people most likely to move the poll numbers one way or another haven't been tuning into the 30 or so primary debates we've had; low information voters were the most relevant audience Friday night.


There was something Pat Buchanan said that night that is at once blindingly obvious and yet very important; Obama's debate performance placed him solidly in the American political mainstream.

Think of the "bitter" comment, his middle name, the flag pin, the Chicago connections.  Low information voters wouldn't be out of line if they had a pretty strong impression of Obama formed by these attributes.

The sober performance and the congeniality towards McCain worked so well because so many people expected to see someone dangerous. Obama, in the debate, just did not read as an Ayres-Wright Chicago Elite Radical. Even the throwaway line: "we'd lower everybody's taxes if we could" quietly undercuts the notion of old-school liberalism.

It's possible that this weird racial/ideological caricature was priced into our (campaigns, media) debate expectations, and with Obama coming off as a sensible, middle of the road senator actually did him a world of good as far as the reassurance of sensibility.

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September 28, 2008

The Bailout And Presidential Politics

Not 2008, 2012.

Watching to see if Thune, Cantor, Romney and others come out for or against the bailout. We know where Gov. Huckabee stands.

Also given what (little) we know of Palin's politics, if she were a member of the House, wouldn't she be railing the bailout?


LATimes: Debate Shifts Perceptions Of Obama

Forget the top-line numbers -- note that the poll "indicated that the younger, less-experienced Obama has made strides since last week in convincing Americans that he can handle the toughest challenges facing the country, including the economy and international affairs. Obama was seen as more "presidential" by 46% of the debate watchers, compared with 33% for McCain. The difference is even more pronounced among debate watchers who were not firmly committed to a candidate: 44% said they believed Obama looked more presidential, whereas 16% gave McCain the advantage."

Not a single post-debate poll gave the advantage to Sen. McCain.  Update: here is one.  And, uh Drudge's.


September 27, 2008

Ron Brownstein Scores The Debate

A guest dispatch by Atlantic Media Political Director Ronald Brownstein.

DENVER -- I watched the debate with a group of undecided or loosely committed voters in Denver, one of the key battlegrounds in the election. They were mostly young, white and college educated, which inclined them toward Obama, but most of them were also involved in finance, which made them very sensitive to taxes and tilted them toward McCain. As a group, they were under-whelmed by the performances.

They thought Obama seemed a little nervous and circled around his points too much; several described McCain as "grumpy," or too programmed -especially when he argued that Obama didn't "understand" one problem or another. On balance, it didn't seem like the debate moved them much; several of them (including some former George W. Bush voters) came in tilting at least slightly toward Obama and left that way. Those who were the most truly on the fence said it didn't really provide them any help in climbing off in one direction or the other.

I agreed with the group that the debate failed to produce a clear story line that would lastingly change voters' opinions. But I did think it benefited McCain in one respect. The fundamental tug of war in this election is the competition between Obama and McCain to frame the choice in the minds of swing voters. McCain wants them to view their choice largely in personal terms-to ask themselves: which of these two men has the experience, background and instincts I want in a president? Obama wants voters to view the choice less in personal than generic terms-he wants voters to ask which of these two men offers a direction for the country that I support. McCain Friday night was more successful than Obama at steering the discussion back to the terrain that favored him.

The larger point is that nothing that happened last night is likely to be much remembered in November-or probably even in October. Mostly, the debate showed that these are both plausible presidents-though with very different priorities, styles and strengths which appeal to very different groups of voters. Neither stumbled; neither soared. I've been wrong about the public reaction to debates too many times before to predict what (if any) near-term movement in the polls this will produce. But I will make one prediction: whatever short-term movement this debate provokes will be superseded by the reaction to the remaining debates-and to other events within and outside of the campaigns' control that have yet to occur.

Continue reading "Ron Brownstein Scores The Debate" »

Dr. Kissinger Parses Dr. Kissinger

A debater's trick: answering a charge that was not leveled.

But I do not believe that we can make conditions for the opening of negotiations. We ought, however, to be very clear about the content of negotiations and work it out with other countries and with our own government.

That was Dr. Henry Kissinger, interviewed by CNN special correspondent Frank Sesno on the 20th of September.

Dr. Kissinger was referring to negotiations with Iran

Senso asks: negotiation "put at a very high level right out of the box?"

Kissinger:

Initially, yes. And I always believed that the best way to begin a negotiation is to tell the other side exactly what you have in mind and what you are -- what the outcome is that you're trying to achieve so that they have something that they can react to. Now, the permanent members of the Security Council, plus Japan and Germany, have all said nuclear weapons in Iran are unacceptable. They've never explained what they mean by this. So if we go into a negotiation, we ought to have a clear understanding of what is it we're trying to prevent. What is it going to do if we can't achieve what we're talking about?
Last night, Sen. Barack Obama asserted that Kissinger endorsed talks with Iran without preconditions. Mr. Obama did not say that Kissinger hoped to begin those talks at a particular level -- although Kissinger, as you can see above, had specified one.

Senator McCain mentioned Henry Kissinger, who's one of his advisers, who, along with five recent secretaries of state, just said that we should meet with Iran -- guess what -- without precondition. This is one of your own advisers.

Now, understand what this means "without preconditions." It doesn't mean that you invite them over for tea one day. What it means is that we don't do what we've been doing, which is to say, "Until you agree to do exactly what we say, we won't have direct contacts with you."

There's a difference between preconditions and preparation. Of course we've got to do preparations, starting with low-level diplomatic talks, and it may not work, because Iran is a rogue regime.

Kissinger responded last night to an assertion that Obama had not made:

"Senator McCain is right. I would not recommend the next President of the United States engage in talks with Iran at the Presidential level. My views on this issue are entirely compatible with the views of my friend Senator John McCain. We do not agree on everything, but we do agree that any negotiations with Iran must be geared to reality."
If Kissinger's views on Iran are "entirely compatible" with John McCain's -- an indirect invocation of the transitive principle -- and if Kissinger's September 20th interview with Frank Sesno accurately renders his views, then it seems as if there is very little daylight between Barack Obama and John McCain on how and when to negotiate with Iran.

After twice saying that he would meet with the leaders of rogue countries without preconditions, Obama a year ago took a step back and insisted on "preparation" and on beginning diplomacy below the level of the principles before the presidents could meet. 

The only difference appears to be that McCain would insist that Iran do certain things before diplomacy commences, while Kissinger 
and Obama would NOT insist on any concessions.

Insider's Notes From The Democratic Dial Panels

A Democratic strategist passes along some contemporaneous notes from an instant-response dial group conducted for a major Democratic entity last night.

According to this strategist: whenever Sen. McCain leaned on Obama for being naive and repeated the phrase "Sen. Obama doesn't understand," the tracking lines nosedived. 

I suppose that part of the problem was that McCain looked if he had a sharp spur in his shoe, and Obama's performance, whatever you made of it, did not sound naive.   So McCain's charges were inconsistent with what viewers were seeing.

Whenever a candidate said "subcommittee," it was a net loser who whomever was saying it, so when McCain attacked, Obama answered and McCain counterpunched, the lines all went down. The lesson: don't use Senate jagon in these debates.


Attention: Republican strategists with access to your side's dial groups, feel free to e-mail me your notes...

Plouffe Grins And Bears It

On a conference call with reporters this morning, Obama campaign manager David Plouffe assiduously tried to lower expectations for the next presidential debate, calling McCain the undisputed master of town hall meetings. He also knocked Sen. McCain's tone: "It's kind of fitting that Sen. McCain did his debate prep in the high school gym in Oxford yesterday, because it was kind of a sophomoric approach."  He noted that McCain did not challenge Barack Obama on taxes, allowing Obama to score the point cleanly.


Thresholds Crossed In Oxford

I don't think Obama disqualified himself as a potential commander in chief(even if he didn't reach McCain's level) and I don't think McCain disqualified himself as a steward of the economy (even if he didn't reach Obama's level.

Question: will Saturday Night Live mock McCain's patronizing attitude toward Obama? Or Obama's manifold agreements with McCain.

The news media dial groups / instant polls seem to give the night to Obama; the partisan professionals seemed to give the debate to their preferred candidate. Very little cross-over.

Hillary Clinton raised Obama's game. A lot of what McCain threw at him he's heard before, and he was ready with quick, concise answers.

McCain arguably flubbed more lines -- mispronouncing Ahmadinejad and Zadari and Pakistan's history -- mistakes that, if Obama made them, would be consequential.

September 26, 2008

The Debate: Your Thoughts

An open thread.

Who won?

Kissinger On Obama

From the Weekly Standard:

"Senator McCain is right. I would not recommend the next President of the United States engage in talks with Iran at the Presidential level. My views on this issue are entirely compatible with the views of my friend Senator John McCain. We do not agree on everything, but we do agree that any negotiations with Iran must be geared to reality."


CBS News / Knowledge Network Undecideds Give Debate To Obama

According to CBS News / Knowledge Networks' poll of undecided voters:

40% of uncommitted voters who watched the debate tonight thought Barack Obama was the winner. 22% thought John McCain won. 38% saw it as a draw. 

68% of these voters think Obama would make the right decision
about the economy.  41% think McCain would.

49% of these voters think Obama would make the right decisions about Iraq.  55% think McCain would.

 

The Rumble In Oxford: First Thoughts:

No  memorable moments.
Fascinating body language.

No major gaffes by either candidates. 

No major surprises. 

Experience v. judgment

A good debate for both men.

The big policy news: McCain floated an across-the-board spending freeze (with a few exceptions).

McCain did not filter himself, letting his frustration and contempt for Obama show; he wouldn't let himself look at the challenger. He seemed to be channeling that famous Saturday Night Live skit featuring "Michael Dukakis" who looks to the camera and says, "I can't believe I'm losing to this guy."  Over and over, he adopted the pose of an impatient school teacher: Obama  "doesn't understand" or Obama "is naïve." 

Obama was a cool cat throughout - although I am reliably informed that GOP spinners are claiming the exact opposite.

 He seemed confident enough to stand up to McCain's challenges and in a deferential way. He seemed at times to go out of his way to agree with McCain when agreement was warranted, which the McCain campaign will surely point out. One impish moment: when Obama said "I have a bracelet too" after McCain movingly recounted his conversations with the families of deployed troops. And some of his early pivots back to "hard working Americans" seemed canned.  But generally, he did not overspeak; he got to his points quickly, and he drew plenty of direct contrasts with McCain.

As the candidates debated the bailout, it was McCain, not Obama, who sounded senatorial, and his obsession with earmarks presupposes an earmark pitchfork brigade that does not exist.  McCain didn't even defend his tax plan; he simply returned to the comfort zone of earmarks.  

Where McCain was shaky in the first half of the debate, he was on much firmer ground as he navigated Jim Lehrer's  broad foreign policy questions, particularly those questions which did not require McCain to defend his Iraq war.  Obama agreed with McCain - and said so - almost as much as he disagreed.  But he didn't topple or stumble..

Thresholds are artificial, but both candidates seemed to meet them - although Obama's threshold was arguably higher. 

The press will probably conclude that McCain did not fundamentally change impressions tonight.  And that Obama held his own.

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The Debate: Liveblogging IV

10:33: McCain: "I don't believe that Sen. Obama has the experience and wrong judgment..."  Oh no he didn't: McCain compares Obama to Bush, says he's inflexible.

10:29 Composing thoughts...

10:25: McCain on likelihood of new attack: "I think it's must less than the day after 9/11."

10:23: I'm told that Republicans at the RNC believe that McCain doesn't sound angry...Obama does...and McCain's the one who's acting cool. To each his own.

10:21: GOP sending around YouTube showing Obama saying he agrees with McCain...

10:19: McCain's strong on non-Iraq foreign policy issues.

10:16: For like the ninth time, McCain said of Obama: "He doesn't understand." 



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The Debate: Liveblogging III

10:14: McCain sounds angry and passionate; Obama seems cool.

10:13: Obama and McCain sparring over what Kissinger said; Obama defending himself on preconditions...but haven't we heard this debate before? A dozen times before?

10:11: Obama brings up McCain's comments about PM Zapatero... zings Obama: "I'm not going to set the White House visitors schedule...I don't even have my own seal yet." (Audience can't laugh, so line lays flat."

10:10: Obama cites Bush's overture to Iran...

10:08: Obama: A is not the most powerful person in Iran. So he might not be the most powerful person to talk to. Obama: "Sen. McCain mentioned Henry Kissinger, who is one of his advisers,...who said...we should meet with Iran without preconditions." 

10:06:  Obama agreeing with McCain on Iran. Playing into McCain's strength? But Obama calls for "tough, direct diplomacy" with Iran.. "this notion that not talking to people punishes them" is "not working."  McCain:  mispronounces Ahmadinejad... seems fairly angry... blasts Obama  for  wanting to sit down "without precondition" to person "who espouses the extermination of the state of Israel"... says sitting down with them legitimizes them....

10:04: On Iran: McCain says that if Iran gets nukes, it's an "existential threat" to Israel. Says "We cannot allow a second holocaust."  Talks about League of Democracy... lays the case for tough sanctions in Iran...

10:02: McCain is spending the entire foreign policy portion defending the war in Iraq.

10:01: Obama: "I've got a bracelet too." McCain: "You might think that, with that kind of concern, that Sen. Obama would have gone to Afghanistan..."  sneers and mentions Obama's subcommittee again....

10:00 A Democrat notes that McCain called new Pakistan PM "Kadari" instead of "Zadari."

9:59: McCain on parents of troops: "We don't want defeat." McCain recalls lessons of VIetnam... "I know how hard it is for an army and a military to cover from that."

9:56: McCain says that "Sen. Obama doesn't understand" quite a bit...seems to be a preplanned line.

9:55:  Lesson learned from Hillary? Obama is NOT discursive tonight. He doesn't seem cowed by McCain. And, again, McCain refuses to meet Obama's gaze.


9:54: Obama responds as if McCain is a crazy uncle...Obama justifies taking out terrorists even if Pakistan opposes.. calls it "the right strategy."

9:53: McCain demonstrates a solid understanding of the region here... but isn't very tough on the Pakistanis....

9:52: On Afghanistan, McCain concedes a "mistake" -- assume he means the U.S.'s mistakes. McCain: "If you're going to aim a gun at somebody...you'd better be prepared to pull the trigger."  McCain: "I'm not prepared to threaten" Pakistan, like "Obama wants to do."  McCain claims Obama says he would "launch military strikes into Pakistan" ...  McCain calls for replicating surge strategy in Afghanistan.

9:50: Obama's wearing a flag pin and McCain is not.

9:49: McCain: predicts a wider war "if we adopt Sen. Obama's plan."

9:48: McCain finds it tough to look Obama in the eyes. McCain keeps returning to what Gen. Petraeus says...

9:47: Obama calls for more troops in Afghanistan....

9:45: McCain recalls troop visits...says troops said "let us win:"  McCain: "Sen. Obama refuses to acknowledge that we are winning in Iraq.." Obama: "not true, not true."  McCain explains the surge strategy... McCain says Obama voted to cut off funds for troops.... Obama: Sen. McCain "opposed funding for troops in legislation that had a timetable because he didn't believe in a timetable...we had a difference on the timetable...we had a legitimate difference on timetable...I understand the difference between tactics and strategy is not whether we are employing a particular approach..the question is, was this wise?"

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The Debate: Liveblogging II

9:42: McCain notes that Obama opposed the surge...and "still says that he would oppose the surge if he had to decide that again today."  Obama smirks... says Obama "didn't go to Iraq for 900 days and never asked for a meeting with Gen. Petraeus.  Obama: "I'm very proud of my vice presidential selection, Joe Biden, and he explains...that issues of Afghanistan and Iraq don't go through my committee, but that's inside baseball.." Obama: calls surge a "tactic" designed to "contain the damage of the previous four years of mismanagement of this year...John, you like to pretend that the war started in 2007."   Obama lists litany of what McCain got "wrong" on Iraq.

9:40: McCain recounts his history on Iraq. "We will come home with victory and with honor."   Says Iraq will be a "stable ally" ...says consequences of defeat would be a "wider war.."    .... Obama recounts early opposition to the war....says it was "politically to do so" (it really wasn't, but oh well.)  Says Bush and McCain "had a very different judgment."  Obama recounts costs of Iraq..."from a strategic national security perspective, Al Q is stronger now than at any time since 2001."

9:39  After 40 minutes on the economy, we turn to Iraq.

9:38: On the economy, can McCain talk about anything else besides spending?

9:37: Obama: "It's your president that presided over this increase in spending...and you voted for almost all for his budget...to stand here for eight years and say you're going to lead on controlling spending....that's kind of hard to swallow."

9:35: Headline of debate so far: McCain Calls For Federal Spending Freeze

9:33: McCain brings up his nuclear power proposal...

9:32: Bringing war to a close, Obama says, is key to a strong economy here at home. First mention of Iraq.

9:31: Lehrer notes that each candidate isn't suggesting any real sacrifices and changes.... Obama notes that his investment in renewable energy might have to be scaled back... Lehrer is incredulous that neither candidates will talk about the major ways in which the financial crisis will effect him...McCain calls for a spending freeze on everything except for defense, veterans affairs.... Obama: "using a hatchet when you need a scalpel" 

9:31: Democratic source says Obama answer on energy independence popped in a dial group this source is privy...

9:29: McCain calling for defense cuts....

9:27: McCain on Obama: "It's hard to reach across the aisle from that far to the left..." McCain campaign memo:
DEBATE FACT #3: BARACK OBAMA SUPPORTED BILLIONS IN TAX BREAKS FOR OIL COMPANIES

9:26: Obama's returning to "The American family" or workers in just about every answer.

9:25: Obama admits that "a range of things are going to have to be delayed" next year. But says that energy and health care must be done regardless....Obama campaign sends out memo:

DEBATE REALITY CHECK: MCCAIN ON DEREGULATION

9:24: Obama: "I will opposed to those tax breaks and tried to strip them out"...notes that McCain is opposed to energy bill on floor


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The Debate: Liveblogging I

9:22: Obama: McCain's health care plan taxes health benefits...calls it "not a good deal for the American people..."  calls it "an example that the market can solve everything..." McCain: "this is a classic example of walking the walk and talking the talk..."  McCain: Obama voted for 2005 energy bill which was "festooned" with breaks for the oil companies.

9:21: Obama: 95% of you will get a tax cut. If you make less than $250K, then you will not see one dime's worth of tax increases.  On business taxes: "so many loopholes that have been written into the tax code, often with the support of John McCain."   Obama's saying things like "people out there who are working every day..." a lot...

9:19: McCain defends corporate income tax cuts.... and goes back to spending... not sure that earmarks are a big trigger issues these days..

9:19: Obama: "Eliminating earmarks alone is not how to get the middle class back on track..." 

9:17: Sen. Obama "suspended those requests after he was running for President of the United States...$932 million in request...maybe to Sen. Obama is not a lot of money..." McCain goes back to corruption...earmarks "corrupts people"....  Obama's proposing 800b in new spending, McCain says. "Worst thing we could do in this economic climate is raise taxes."   Obama: "I don't know where John is getting his figure..."  lists his spending/economic plans...

9:16: McCain, citing Coburn: earmarks are a "gateway drug." McCain campaign sends out memo entitled: "DEBATE FACT #1: A RECORD OF FIGHTING FOR REFORM."  McCain's laugh line didn't draw a laugh b/c audience told not to veto. McCain: Obama "has asked for $932 million of earmarked pork barrel spending...I suggest that people go up on the website of Citizens Against Government Waste."  Obama: "let's be clear. Earmarks account for $18 billion dollars in last year's budget... Sen. McCain is proposing $300 billion in tax cuts to some of the wealthiest corporations and individuals in the country..."  Obama: CEOs get tax cuts, other Americans don't.

9:13: That 13 minutes was pretty uninformative.

9:12: McCain: "We've got fundamental problems in the system. Main street is paying a penalty..."  McCain: "I have a fundamental belief in the goodness and strength of the American worker...we've got to get through these times..."  Believes in USA.

9:11: Obama: we need more accountability "but not just in a crisis." Turns back to Bush administration again.... Obama: "ten days ago, John said that the fundamentals of the economy are strong..."  Lehrer's trying to get them to fight, but it doesn't come natural to them.

9:10 McCain's tie is bleeding over on my TV


9:08: Obama optimistic about "capacity to come together with a plan." Obama goes right back to Bush admin economic philosophy...McCain says he "hopes" to vote for the plan. McCain: "I also warned about Fannie Mae and Freddie Mac.. a lot of us saw this trainwreck coming."  McCain brings up Eisenhower's letters on the eve of the Normandy invasion...one of them a letter of resignation for the failures..."someone, we've lost that accountability." 

9:05: McCain mentions Sen. Kennedy, says he's in the hospital, but by this point, Kennedy has been released by the hospital. McCain "not feeling too great" about a lot of things...McCain says that in DC, "GOPers and Dems coming together, trying to work out a solution to this fiscal crisis that we're in."  ... McCain: "It was the House Republicans that they decided that they would be part of the solution of this problem..."  McCain says crisis is not over...sober tone...

9:04: Obama on financial recovery plan...where does he stand?  Starts with Axelrodian-connect-with-average-American language... not so much answering the question... just listing his principles...leaving room for McCain to answer simply....links crisis to Bush-McCain economy....

9:03: Who won the handshake? Just kidding..

9:02: Direct exchanges and cross-talk encouraged.

9:01: HD makeup is different than regular make-up....

8:56: Both Obama and McCain campaigns sent out lengthy pre-buttals.

8:54: The Nagourney rule: watch debates on TV just like everybody else. No Oxford, MS, no spin room here.

8:50: Source on status of bailout negotiations: "Staff working thru the nite tonite -- may have principals meeting tomorrow; vote Sunday at earliest -- may be into next week."


8:49 pm ET: One prominent Dem fundraiser e-mails: "I'm worried that Barack gets knocked around and  flustered by McCain's simplicity and likely populist message..."

The Debate: Comments Open

They'll be open all night.

I'll throw a question out there: to have a good night, what does John McCain need to do?

The Debate: Before You Watch...

Ask..why the audience might be hostile to John McCain.

Wonder whether the Dow masked the underlying convulsions in the market today...

Think about..what will Obama say about the Surge?

Say a prayer or think a kind thought about Sen. Ted Kennedy...

Read these scary statistics about vacancy rates...

Wonder if McCain's intentions were right but his execution was awful...

Wonder why Joe Biden keeps claiming that McCain's health care plan amounts to a massive tax increase when the assertion is, at best, arguable?

Consider Wachovia's possible merger with Citigroup....

Read James Kitfield's debate preview.

McCain's High-Stakes Debate

Tonight, John McCain has more to gain and lose. This week, McCain raised the stakes for himself a thousand percent. All those people that didn't realize there was going to be a debate tonight, those 60% of Americans who are tuned in to the economic crisis -- now they'll all want to catch the debate.

Ostensibly, the debate is on his home turf, as most of it will focus on national security, it's the most-watched debate, and he is 3-5 points behind nationally.  It looks to me like presidential preferences are hardening and undecideds are making up their minds -- and they're going to Obama because of the economy.

Forget all the political science that says debates are or aren't important. They obviously _can_ be -- and our perception of who won them and who lost them often differs from the public. It wasn't until Saturday Night Live mocked Al Gore's "sighing" that the public began to score Bush higher.  What people take away from debates are snapshots: Bush looking at his watch, classical zingers ("there he goes again"), uncomfortable silences, body language.

Some analysts are throwing down various thresholds for each candidates to cross; Obama needs to be a commander in chief and not scary; McCain needs to be vigorous and look like he gets what's going on.  I think those thresholds are artificial and not relevant.

What resonates are moments -- the debate is taking place against the backdrop of a crisis, and it is the candidates' responses to the crisis, in real time, that will leave the most impressions.

The stakes are high for Obama here as well, but McCain is the one who's going to be defending his questionable choices of late.

Some notes:

** Expect Obama to play it cool ... although not too cool.

** Expect McCain to appeal to his record of putting "country first" and making the hard choices. There's plenty of fodder for Lehrer to ask McCain to defend Gov. Sarah Palin while he tries to make the case that Obama is untested, has the wrong judgment, and so forth. Obama will probably be gracious and let Palin speak for herself.

** On Iraq, Obama has been pressing the case that the Surge was a laudable tactical victory in a war that's gone on for almost 6 years and was a terrible, costly mistake. McCain will try to bait him into revisiting his judgment.

** Obama might be more aggressive than people expect, having learned from the primaries that the surest way to win a debate is to land a great punch, something he's done only occasionally in the past.

** McCain has spent a lot less time preparing for this debate than Obama owing to McCain's decision to suspend his campaign and return to Washington.

Blunt, Blunter, Bluntest: McCain "Stopped" The Deal?



The McCain campaign does not dispute Rep. Blunt here, but aide points to the phrase "that no House Republican..would have been for..."... and interprets Blunt to mean that McCain helped to bring these points of view to the foreground.

In other words, it was McCain who helped clarify the status of the deal -- that there was no deal -- by recognizing the concerns of House Republicans, without whose support a deal is impossible.

Obama mouth Bill Burton had this to say: "Congressman Blunt just confirmed what's been clear since John McCain rode into Washington at the eleventh hour - Senator McCain's political theatrics succeeded only in stopping a bipartisan deal. During the most serious economic crisis of our time, we don't need erratic posturing, we need steady leadership to protect American taxpayers and put our economy back on track."

You be the judge...

NB: Folks on Capitol Hill seem confident that a deal IS in the offing and that it will probably include the basic Paulson bailout + oversight + an "option" that contains the GOP insurance proposals.
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The Pre-Debate Bric-A-Brac

Trackers: Diageo/Hotline: Obama + 7; Gallup: Obama + 3 

McCain's next game-changers -- 10 of them!

Defending Sarah Palin.

Calling on Palin to step down.

Hugh Hewitt's letter to House Republicans.

New Annenberg finding: "Only 8 percent of survey respondents knew that both McCain and Obama favor closing the base at which alleged enemy fighters are held at Guantanamo Bay. Over 43 percent of respondents incorrectly identify Obama as the sole candidate who favors that position."

Democrats pushing oppo on Rudy Giuliani; claiming his firm will profit from the financial crisis.

Genes And Turnout

This headline from the peer-reviewed Journal of Politics:

Two Genes Predict Voter Turnout

is pretty bold.

After all,  two lonely genes are rarely responsible for physical characteristics, much less a complex social behavior like voting. Previously, James Fowler and Christoher Dawes have used twin studies to find the heritability quotient for partisan attachment, always being cautious not to assign causality to particular genes.  Indeed, there does appear to be a heritable component to party attachment, although it is not clear whether one's home environment plays an ever bigger role. 

Are you a Democrat because your biological parents were Democrats? Because they raised you to be a Democrat? Or because there was something in their genes that made it more likely that they woulld become Democrats in the first place?

The thought process goes like this:  the genes influence behavior, and certain behaviors are associated with partisan inclinations. Figuring how which genes influence behavior, which behaviors influence partisanship, the pathaways of causality -- that's hard stuff.

This new study  finds that Americans who possess a specific variant of the monoamine oxidase-A gene (MAO-A)  were much more likely to have voted in the 2004 election.

Additionally, the  5HTT gene that codes for the seratonin neurotransmitter is implicated in religious attendence, which very much predicts voter turnout. Here, religious attendence is an environmental modifier that associates the gene with a particular behavior.

As the authors put it, "In this article, we hypothesize that people with more transcriptionally efficient alleles of the MAOA and 5HTT genes are more likely to vote."

Transcriptionally efficient?  It's easier for specific variants of these genes to transcribe proteins.

Both genes are implicated in modulating anti-social behavior, which itself has correlates to voting. Using regression, they find that by segregating all other factors that influence turnout, Americans with a variant of the MAO-A gene called "high" are 5% more likely to vote. Among regular churchgoers, those who a variant of the 5HTT gene called "long" are 10% more likely to vote.

In other words, Dawes and Fowler contend, after isolating every other known influencer on turnout, humans who possess these  gene polymorphisms are more likely to vote. 

We're back to some chicken and eggs questions: parents who vote are more likely to have kids who vote.

But what makes parents more likely to vote?

The next step here is to study the effect of monozygotic twins who were reared apart -- something that, unless I read wrong, the study doesn't do.  That is -- twin A is raised apart from twin B. if twins with those gene variants are more likely to vote, then the case for heritability is even stronger. (Of course, we cannot isolate the effect of a genetically-influenced environment  -- kids with certain innate behaviors change the way their parents rear them, thus entangling their genetic inheritence with what their genes do to their environment.

But more practically: is blood-testing the next trick of microtargeters? Finding out populations where these folks tend to concentrate? 

Green: Bailouts Need Both Parties

My colleague Joshua Green invokes recent history to explain why huge bailouts require bipartisanship. Think of Karl Rove and Social Security... and then Ronald Reagan and Social Security. Which worked?

Obama Memo: We're Really, Really Bad At Debates...

And John McCain is really good.

If it's 2pm the day of the debate, it must be an expectations-lowering memo.

Read it all after the jump.

Continue reading "Obama Memo: We're Really, Really Bad At Debates..." »

The House GOP's Insurance Principles: Would They Work?

House Republicans are hoping that some elements of their not-a-bailout-bailout proposal will make it in to the final draft.

 

Here's a look at what they want to do, and why it probably won't work.

 

Certainly, the alternative is politically attractive. One side says:  You give banks 700 billions and never get it back. The other side says: We collect insurance premiums and we never pay anything.

 

The government would sell insurance to companies that buy mortgage-backed securities. The companies would pay a premium.

 

But trying to price insurance products based on the things underlying the mortgages is very complicated - a whole new valuation process would have to be invented.

 

I'm not an economist, but most folks who are say that the big problem now is that the markets are locked; there's no liquidity. Asking firms to pay the government does not put more money into the economy.

 

The Paulson plan basically gives these companies some liquidity in exchange for the bad assets. The GOP principles would give money to the government in exchange for insurance. It's easier to borrow money for investment against treasury bonds; who knows how tough it will be to borrow against the new insurance?

Continue reading "The House GOP's Insurance Principles: Would They Work?" »

McCain Will Attend The Debate

A statement:

John McCain's decision to suspend his campaign was made in the hopes that politics could be set aside to address our economic crisis. 

In response, Americans saw a familiar spectacle in Washington.  At a moment of crisis that threatened the economic security of American families, Washington played the blame game rather than work together to find a solution that would avert a collapse of financial markets without squandering hundreds of billions of taxpayers' money to bailout bankers and brokers who bet their fortunes on unsafe lending practices. 

Both parties in both houses of Congress and the administration needed to come together to find a solution that would deserve the trust of the American people.  And while there were attempts to do that, much of yesterday was spent fighting over who would get the credit for a deal and who would get the blame for failure.  There was no deal or offer yesterday that had a majority of support in Congress.  There was no deal yesterday that included adequate protections for the taxpayers.  It is not enough to cut deals behind closed doors and then try to force it on the rest of Congress -- especially when it amounts to thousands of dollars for every American family.

The difference between Barack Obama and John McCain was apparent during the White House meeting yesterday where Barack Obama's priority was political posturing in his opening monologue defending the package as it stands.  John McCain listened to all sides so he could help focus the debate on finding a bipartisan resolution that is in the interest of taxpayers and homeowners.  The Democratic interests stood together in opposition to an agreement that would accommodate additional taxpayer protections.

Senator McCain has spent the morning talking to members of the Administration, members of the Senate, and members of the House. He is optimistic that there has been significant progress toward a bipartisan agreement now that there is a framework for all parties to be represented in negotiations, including Representative Blunt as a designated negotiator for House Republicans.  The McCain campaign is resuming all activities and the Senator will travel to the debate this afternoon.  Following the debate, he will return to Washington to ensure that all voices and interests are represented in the final agreement, especially those of taxpayers and homeowners.

Pollster.com's New Flash Charts

Pollster.com's new charts are really a quantum leap forward in viewing polls online.

They're fully interactive and embeddable.

You can select or limit the polls used to draw trend lines -- and even choose to build a "poll of polls" with the pollsters you trust, while not including those you don't.

Below, I've created a chart from Michigan, showing data from live interview surveys only, filtering out the IVR and internet surveys.

Answering Your Bailout Questions: Why Can't The Democrats Just Do This By Themselves?

Question: If only House Republicans are against the bailout, then why can't Pelosi and Reid just ram it through?

Answer: Because it's not that simple. For one thing, a lot of House Dems aren't thrilled with the bailout, and they need political cover from Republicans. It's an iron-clad rule of legislative politics: something this big and this risky can't go through without bipartisan support -- which is basically bypartisan CYA.  So the more House Republicans make noise, the more nervous House Democrats will be.

FDIC, The Banks, And WaMU

inters.gifItem: banks can't loan to each other...money rates are surging. see the picture above. How can banks function with those rates? (They can't.)

ItemChinese banks are no longer allowed to lend in overnight markets to US banks as of yesterday   The Chinese government denies this.

Item: WaMU fails; is taken over by JP. Morgan

Item: if another bank fails, will the FDIC be able to secure all its deposits? (It has $50b. Bank balance sheets are usually a lot greater.)

Item: where will Congress get $200b to keep the FDIC afloat if more banks fail?




Debate Odds For McCain...

50/50 right now.


McCain's Toughest Day Yet

The CW in Washington this morning is that McCain's suggestion for the grand, high-stakes summit meeting was the very thing that caused all of Washington to explode.

True, there was no "deal" -- House Republicans were always balking and Speaker Pelosi really wanted House Republicans to pair with House Democrats.

But McCain's presence in Washington gave voice to House Republicans, deliberately, if Minority Leader Boehner was somehow in cahoots with McCain.
That's not likely -- the House caucus never trusted McCain and White House credibility among the GOP is ZERO. Indeed, maybe McCain feels privately duped by Boehner.

House Republicans did their best last night to bring McCain to their side, even though McCain did not intend to endorse any set of principles. Senate Republicans feel slightly emboldened now, in what became sort of a domino effect.

McCain needs to find a way to get House Republicans to buy into a deal.

If not -- and if there's a market sell-off -- McCain's going to have a tough, tough weekend.  Never have the downside risks been so clear.

CNBC v. House Republicans

Watching NBC Squawk Box in the morning, the anchors are  absolutely tearing into Republicans and Sen. Shelby  right now.  They keep asking, "Where have you guys (House 
Republican's) been during the last 10 days?  Why now?"

September 25, 2008

What Happened In The Cabinet Room...

Though Sen. Chris Dodd implied that Sen. McCain sandbagged the rest of the negotiators by bringing up alternative proposals, McCain himself did not bring up those proposals, according to four independent sources briefed by four different principals inside the meeting, including two Republicans and two Democrats.

"McCain has not attacked the Paulson deal," said a third Republican who was briefed by McCain direclty. "Unlike the [Democrats] in the [White House] meeting, he didn't raise his voice or cause a ruckus. He is urging all sides to come together."

Republicans like John Boehner brought up the concerns of House GOPers and McCain acknowledged hearing about their concerns.  And McCain, and staffers, did seek to gauge the level of support of the GOP working group's white paper. The Democrats were left with the impression that McCain endorsed the GOP efforts, but they concede that he did not raise them directly.

The fact is that Boehner doesn't have 100 votes from his conference -- 100 votes that Nancy Pelosi really wants. And that's not McCain's fault. 

But Boehner and the White House -- and McCain -- if they want to get something passed -- do have the responsibility to persuade these Republicans to support the bailout .

After all, if not to get these recalcitrant Republicans on board, why did McCain go to Washington in the first place?

Palin On Foreign Policy, Nation Building, And Why She Disagrees With Kissinger



Here's an interesting exchange. Note that CBS verified Kissinger's position -- that he favored diplomacy with Iran without preconditions, although not directly with Ahmadinejad.  Also: Gov Palin answers a question about how she would spread democracy by agreeing that, indeed, one should spread democracy.  Another tough interview...

Couric: When President Bush ran for office, he opposed nation-building. But he has spent, as you know, much of his presidency promoting democracy around the world. What lessons have you learned from Iraq? And how specifically will you try to spread democracy throughout the world?

Palin: Specifically, we will make every effort possible to help spread democracy for those who desire freedom, independence, tolerance, respect for equality. That is the whole goal here in fighting terrorism also. It's not just to keep the people safe but to be able to usher in democratic values and ideals around this, around the world.

Couric: You met yesterday with former Secretary of State Henry Kissinger, who is for direct diplomacy with both Iran and Syria. Do you believe the U.S. should negotiate with leaders like President Assad and Ahmadinejad?

Palin: I think, with Ahmadinejad, personally, he is not one to negotiate with. You can't just sit down with him with no preconditions being met. Barack Obama is so off base in his proclamation that he would meet with some of these leaders around our world who would seek to destroy America and that, and without preconditions being met. That's beyond naïve. And it's beyond bad judgment.

Couric: Are you saying Henry Kissinger ...

Palin: It's dangerous.

Couric: ... is naïve for supporting that?

Palin: I've never heard Henry Kissinger say, "Yeah, I'll meet with these leaders without preconditions being met." Diplomacy is about doing a lot of background work first and shoring up allies and positions and figuring out what sanctions perhaps could be implemented if things weren't gonna go right. That's part of diplomacy.


Saving The Bailout

I'll let this be the final word from someone in the know:

"Paulson and the White House need to talk to House Republicans to get them on board."

Bailout Agreement Unraveling?

During the White House meeting, it appears that Sen. John McCain had an agenda.  He brought up alternative proposals, surprising and angering Democrats. He did not, according to someone briefed on the meeting, provide specifics.

One the proposals -- favored by House Republicans -- would relax regulation and temporarily get rid of certain taxes in order to lure private industry into the market for these distressed assets. 

That approach has been rejected by Senate Democrats, Senate Republicans and, to this point, the White House. During the meeting, according to someone briefed on it, Sec. Henry Paulson told those assembled that the approach was not workable.

Before the White House meeting, Democrats and Senate Republicans were on track to get legislation to the floor by tomorrow. Democrats say that, at best, they hope for half of Republicans in the House to go along. At worst, the vote in the House becomes partisan and then Senate Republicans get shaky and then...

As of 6:30, as the Corner notes, Fox's Carl Cameron notes that the mood on Capitol Hill is "remarkably sour."

Senate Minority Leader Mitch McConnell said
in a statement that "it's clear that more progress is needed and we must continue to work together quickly to protect our economy."

McCain Sounding Out Support For Alternative Bills?

Two Congressional sources say that Sen. McCain and his staff have sounded out moderate Democrats and conservative Republicans to see whether they support the conservative Republican Study Committee's alternative bailout bill.

And Sen. Chris Dodd said on CNN that McCain, in their meeting at the White House, brought up House GOP "Rescue" principles that Reps. Eric Cantor. Rep. Jeb Hensarling and Rep. Paul Ryan are circulating.

Dodd suggested that Democrats did not expect McCain to mention any new poposals.

The RSC  The GOP Working group opposes a tax-payer bailout, preferring that it be privately funded. The  GOP Working group would suspend the capital gains tax for two years to encourage business with mortgage-backed debt to sell their underperforming portfolios and provide tax incentives for companies to buy them. Read more:
Economic Rescue Principles.pdf

"We are not pushing any specific proposal," Jill Hazelbaker, McCain's chief spokesperson, said after the meeting.  "We are dedicated to brokering a quality agreement on a bipartisan basis"

McCain told news anchors tonight that he believes that there's been progress made toward an agreement, but he did not specify who was agreeing with whom.

After McCain and Obama left the White House, a White House spokesperson said in a statement that "members of the Administration and the Congressional leaders pledged to continue working together to finalize a bill that will address concerns and solve the problem as soon as possible."

House Republicans are likely to vote en masse against the Treasury bill as currently constituted.

Rick Davis's Political Judgment

National Journal's Peter Stone:

Just hours after Sen. John McCain made a surprise announcement Wednesday that he was temporarily suspending his presidential campaign to help work out a bipartisan deal in Congress on the financial crisis, his campaign manager Rick Davis dined with about a dozen top New York-based fundraisers at the chic 21 Club in Manhattan.

McCain On The Attack

CBS and the New York Times asked registered voters how they perceive the campaigns are spending their time:

attacking.jpg
 Now -- out of that sample, uncommitted voters give John McCain a bit of breather -- 43% say he's attacking and 43% say he's explaining.

The Democratic/Bush Bailout?

A senior Democratic aide says that Democrats remain concerned that McCain is going demagogue the bailout as part of an effort to distance himself from Bush and to bring himself closer to the country's populist center.  The argument from McCain could be that it bails out Wall Street without requiring any upfront costs.

But here's another possibility, from a senior Republican staffer on the Hill:  McCain likes the bill, but if he gets behind it, it becomes HIS plan, and then the Democrats would go South.

So if he can be in the mix without making a firm commitment, if a deal is reached, he can swoop in and
say that he got 'er done.

The principal in all this appears to be Minority Leader John Boehner, who, after meeting with McCain today, clucked a little bit about the prospects for the bill; but Boehner was just telling the truth there
has never been much support for this among House Republicans.

The Dems' theory is that with Boehner pushing back and suggesting that a deal is not yet done, McCain save the day with the...well... fabricated.... meeting at the White House.?

On the other hand, maybe Democrats are trying to fast-track a bill that most Republicans aren't inclined to support. If the bill becomes the Democratic/Bush bailout, what would McCain do then?.



Just Asking...

Wasn't Mitt Romney the go-to surrogate for McCain on economic issues all throughout summer?

Where has he gone to?

(Answer: he is campaigning for McCain in Michigan today.)

The Great Schlep

Sarah Silverman is the spokesperson for The Great Schlep -- an effort to get young Jews to convince their grandparents to vote for Barack Obama. Offensive, NSFW, but worth watching.


The Great Schlep from The Great Schlep on Vimeo.

Cheap Shot Of The Day?

Updated -- Ostensibly, this goes to the Obama campaign, for pointing out that Sen. John McCain is taking along his campaign's chief economic policy adviser, Douglas Holtz-Eakin, to the White House.

DHE, as they call him inside the McCain campaign, knows as much about the economy as anyone on McCain's Senate staff.

He happens to get a paycheck from the campaign, as McCain has been running for president recently. The campaign is "suspended," although we know it's a partial suspension of some activities designed to look like a full-scale suspension -- should DHE stay home and surf Facebook?

So there's wrong about his accompanying McCain to the White House?  McCain's bringing his best policy guy to a meeting, and he gets knocked for it?  Only in the sense that McCain's suspension was really never a true suspension...but then again, we kind of knew it wasn't.

It's kind of irrelevant.

Update: the Obama campaign says that they were told NOT to bring campaign staff to the White House.

So -- there's a double standard here.

I guess it's not a cheap shot.  Just irrelevant.

Just as, it turns, the White House meeting might be, since Congressional leaders and the
White House have already reached an agreement on principles, and neither Barack Obama nor John McCain had anything to do with it.

Another Suspension

Being Close To Russian Entails......

The next installment in Katie Couric's interview with Gov. Sarah Palin.


Watch CBS Videos Online

COURIC: You've cited Alaska's proximity to Russia as part of your foreign policy experience. What did you mean by that?

PALIN: That Alaska has a very narrow maritime border between a foreign country, Russia, and on our other side, the land-- boundary that we have with-- Canada. It-- it's funny that a comment like that was-- kind of made to-- cari-- I don't know, you know? Reporters--

COURIC: Mock?

PALIN: Yeah, mocked, I guess that's the word, yeah.

COURIC: Explain to me why that enhances your foreign policy credentials.

PALIN: Well, it certainly does because our-- our next door neighbors are foreign countries. They're in the state that I am the executive of. And there in Russia--

COURIC: Have you ever been involved with any negotiations, for example, with the Russians?

PALIN: We have trade missions back and forth. We-- we do-- it's very important when you consider even national security issues with Russia as Putin rears his head and comes into the air space of the United States of America, where-- where do they go? It's Alaska. It's just right over the border. It is-- from Alaska that we send those out to make sure that an eye is being kept on this very powerful nation, Russia, because they are right there. They are right next to-- to our state.

 


Couric And Palin Part II

Tonight, watch for Gov. Palin's answers about foreign policy.

Stay tuned....

Midweek Move: North Carolina Is A Tossup

I'm moving North Carolina from "lean McCain" to tossup because public and private polls show a surge of support there for Sen. Obama. (I've even seen a private poll showing Obama narrowly ahead.)

Next week, I might move Minnesota from "Lean Obama" to tossup. That's TBD.

Here's the map as of 9/25:

Likely Obama: CA, CT, DE, DC, HI, IL, ME, MD, MA, NJ, NY, OR, RI, VT, WA (190 electoral votes)

Lean Obama: IA, MN, NM (22 electoral votes)

Marginal toss-ups:  FL, MI, NH, WI, PA, OH, NC  (114 electoral votes)

True toss-ups: NV, CO, VA (27 electoral votes)

Lean McCain:  GA, IN, MO, MT  SD (43) electoral votes)

Likely McCain: AK, AL, AZ, AR, ID, KS, KY, LA, MS, NE, OK, SC, TN, TX, UT, WV, WY, ND (142 electoral votes)

Obama: likely + leaners: 212 electoral votes

McCain: likely + leaners = 185 electoral votes

Tossups: 141  electoral votes


Your thoughts?

Overlooked?

Today is the first day of Sen. Ted Stevens' trial, as has been written ad nauseam.  If it sticks to the schedule they've laid out, it will finish in roughly four weeks.  But here's something no one has thought, or at least written, about....what does it mean for the Republican Party's prospects (presidential race to some extent, but mostly Congressional) if the longest-serving Republican Senator in history - who also hails from the same state as the vice presidential nominee - is convicted of corruption charges a week before the election?

Scrambling Toward A Compromise

John McCain's vow to return to Washington and get this mess settled out has lit a fire under the behinds of Democratic negotiators who worry that his presence will suspend their negotiations, give House Republicans a figure to rally around in opposition to a compromise, and generally weaken their negotiation position.

That's why they're scrambling to have a compromise in place before the 4:00 pm ET meeting with President Bush at the White House. If they do, then they only need worry about McCain's claiming credit for the sense of urgency, which would be inaccurate but hard to disprove. The fact is that, by 2pm yesterday, the House and Senate Democrats had settled their most important differences, the White House had caved on CEO pays, and the two sides were coming close to dealing with the bailout's oversight mechanism, its posture toward homeowners, and whether taxpayers would get ownership stakes in taken-over companies.   Then McCain airdrops in --well, he's not actually in DC yet, so it was a virtual airdrop -- and it compresses the timeline even more.

My colleague Nora McAvalnah tells me that sources close to Senate Democratic leadership
now fear that McCain's true motivation for calling off his campaign and coming back to DC is simply to cast a "no" vote against the bailout, despite his private statements to the contrary. And it's a smart maneuver: nothing says "maverick," like voting against Bush and
standing with the American public, who remain very wary of the proposal
.

Half-Suspended?

The most popular half of the McCain-Palin ticket plans a Thursday afternoon rally near the Philadelphia International Airport, according to a Philadelphia TV station.

The McCain campaign says that the rally won't happen.

September 24, 2008

Another Way To Look At It: "Obama's Katrina Moment"

Hugh Hewitt:

Today was Obama's Katrina moment and an example of great leadership by John McCain.  This contrast was telling and will matter.

Well, it's... a view.

I'm fairly skeptical, as should be obvious from the posts today, that Americans will embrace the McCain campaign's view of the world, but I've been wrong before, and I might well be wrong again.

Letterman's Rant...

About 7:05 in... Mr. Letterman has really let his political colors show this election..

On The Cutting Room Floor...

The Obama campaign proposed the following five points...joint principles, along with a joint statement.

The McCain campaign did not want to include them, and so the statement was sent out without these bullet points:

First, there must be oversight. We should not hand over a blank check to the discretion of one man. We support an independent, bipartisan board to ensure accountability and complete transparency.

Second, we need to protect taxpayers. There should be a path for taxpayers to recover their money, and to turn a profit if Wall Street prospers.

Third, no Wall Street executive should profit from taxpayer dollars. This plan cannot be a welfare program for CEOs whose greed and irresponsibility has contributed to this crisis.

Fourth, we must help families who are struggling to stay in their homes. We cannot bail out Wall Street without helping millions of families facing foreclosure on Main Street.

Fifth, we both agree that this financial rescue package should move on its own without any earmarks or other measures. We have different views about the need for other action, but this must be a clean bill.

This is a time to rise above politics for the good of the country. We cannot risk an economic catastrophe. This is not a Democratic problem or a Republican problem - this is an American problem. Now, we must find an American solutions.

The Joint Statement

Here's the joint statement. Obama spokesman Bill Burton and McCain communications director Jill Hazelbaker worked out the language and sent it to their bosses for approval.

Joint Statement of Senator Barack Obama and Senator John McCain

"The American people are facing a moment of economic crisis. No matter how this began, we all have a responsibility to work through it and restore confidence in our economy. The jobs, savings, and prosperity of the American people are at stake.

"Now is a time to come together - Democrats and Republicans - in a spirit of cooperation for the sake of the American people. The plan that has been submitted to Congress by the Bush Administration is flawed, but the effort to protect the American economy must not fail.

This is a time to rise above politics for the good of the country. We cannot risk an economic catastrophe. Now is our chance to come together to prove that Washington is once again capable of leading this country." 

 

Friday's Debate Will Focus In Part On The Economy

It has to, right?

How could Jim Lehrer, a newsman, not ask about the economy?

Well, he will.

A senior Obama adviser says that the CPD has told both campaigns that there will be questions about the economic crisis during Friday's debate.

They were told this last week...

Bush Invites, Obama Accepts, White House Invite

Bush and McCain are tag-teaming... 

Here's a statement from the Obama campaign:

"A few moments ago, President Bush called Senator Obama and asked him to attend a meeting in Washington tomorrow, which he agreed to do.  Senator Obama has been working all week with leaders in Congress, Secretary Paulsen, and Chairman Bernanke to improve this proposal, and he has said that he will continue to work in a bipartisan spirit and do whatever is necessary to come up with a final solution.  He strongly believes the debate should go forward on Friday so that the American people can hear from their next President about how he will lead America forward at this defining moment for our country.


McCain's Bottom Line: No Deal = No Debate

A senior campaign official says that McCain will NOT debate -- no matter what -- if Congress hasn't reached an agreement on a bailout package.

The aide said that Obama's refusal to suspend his campaign will have no bearing on McCain's decision to attend the debate.

The aide did not know whether Gov. Palin would attend Oct. 2's vice presidential debate if Congress, by that point, still hasn't reached a deal.

Another aide said: "The VP debate is days off. We're focused on getting a deal and getting to the debate on Friday."

Suspending A Campaign Is...What, Exactly?

It's not easy to pull down an entire country's worth of television advertising, so you'll certainly be seeing reports of TV ads still on the air... for at least 24 hours.

Will the campaign shut down its phone banking?

Will volunteers be told not to show up for work?

Will payroll be suspended? 

The campaign presumably has polls in the field...will it suspend the field work?


Waiting For The World To Change

The political cognoscenti seems to regard McCain's campaign suspension as a transparent political ploy.  

The media filter, from which the campaign cannot completely bypass, is skeptical.

Before we pounce upon this potentially fatal error, though, we might want to wait and see how the public responds.

Perhaps they will accept McCain's actions on face value.

A Messaging Irony

Last week, Sen. McCain said the fundamentals of the economy were strong.

To Katie Couric, he said that the country faces its worst crisis since World War II.



Couric v. Palin On McCain's Record

From Katie Couric's interview with Sarah Palin:

COURIC: You've said, quote, "John McCain will reform the way Wall Street does business." Other than supporting stricter regulations of Fannie Mae and Freddie Mac two years ago, can you give us any more example of his leading the charge for more oversight?

PALIN: I think that the example that you just cited, with his warnings two years ago about Fannie and Freddie--that, that's paramount. That's more than a heck of a lot of other senators and representatives did for us.

COURIC: But he's been in Congress for 26 years. He's been chairman of the powerful Commerce Committee. And he has almost always sided with less regulation, not more.

PALIN: He's also known as the maverick though. Taking shots from his own party, and certainly taking shots from the other party. Trying to get people to understand what he's been talking about--the need to reform government.

COURIC: I'm just going to ask you one more time, not to belabor the point. Specific examples in his 26 years of pushing for more regulation?

PALIN: I'll try to find you some and I'll bring them to you.

This should have been an easy question for Palin to answer, right?

The McCain View: They Asked For Us

A McCain aide pushes back against the notion that this was a pure riverboat gamble by McCain.

Yesterday, the aide contends, Democrats basically said that unless McCain owned the package they were going to put together, then it would fail.

The package can't fail; hence McCain needs to be in Washington.

That's a fair point.

Sen. Harry Reid is out with a statement saying that he actually doesn't want the presidential candidates to return to Washington a day after Democrats basically begged for one of them to help.

So Democrats, taking advantage of the pressure McCain was under, would have forced to him to own the bill... and now, McCain is doing it on his own terms.

The trick -- the gamble -- is whether McCain, in suspending his campaign and advertising, took it a step too far, and tried to build a large bridge to cover a narrow chasm.

Now Democrats are in the position of saying... we don't want your help.

So -- either McCain wiggled his way out of the box the Democrats put him in.

Or the lid just shut.

We'll know soon enough.

Suspended v. Not Suspended

Just to keep this straight:

Suspended:
McCain campaign
McCain campaign advertisements
David Letterman
Plaxico

Not suspended:
McCain rapid response operation
Katie Couric
Bono
Educating Sarah Palin
The debate (so far)

(Note: the meeting with Lady de Rothschild took place before the suspension, so it doesn't count.)


Returning To Washington

The one way to make the bailout negotiations MORE political is to have a major party presidential candidate try to bigfoot his way into the debate under the guide of not being political.

The problem is that McCain's job now is not leader. It's candidate. And Democrats in Washington -- the majority party -- view him as a candidate, not as a senator.

Impulse Behind McCain's Action

A GOP consultant close to the campaign says that McCain realized that he must to support a bailout package, that Republicans will be blamed if one fails, and that he -- McCain -- has to OWN the solution and put his leadership brand out front.


Letterman Blisters McCain

Drudge has the rest, but check out this really harsh line:

Earlier in the show, Dave kept saying, "You don't suspend your campaign. This doesn't smell right. This isn't the way a tested hero behaves." And he joked: "I think someone's putting something in his metamucil."

What Is Politics?

This is the time when politics matters the most, not the least.

When the philosophical differences that each party organizes around are put to the test of reality.

When conflict builds consensus.

When the public craves answers and debate from their politicians.

When the stakes of the presidential election could not be more acute.

Comparative advantage: the best thing the presidential candidates can do now is to practice their politics honestly, not to abandon politics altogether -- itself, of course, a political move.

Suspending your campaign basically says: all that over the past sixteen months? It wasn't important. Ignore what I said or did.

Too late.

The tough thing here for McCain is that nobody in Washington asked him to come back; nobody seems to need him to come back; and that Democrats simply do not trust John McCain's motives.

Why Wal-Mart Shoppers Support McCain Over 'Bam

(Sorry, just been reading the New York Post.)

A reader writes:

I saw you wrote this earlier today on the NPR Poll: "The poll, taken between 9/18 and 9/20, also shows that Wal-Mart shoppers prefer John McCain, which would seem to contradict data showing that voters making less than $100,000 a year support Barack Obama."
 
I believe the simple explanation for this is demographics. There are no Wal-Marts in major metropolitan areas, and if they are, they are on the edges. And if the target of your poll, those who shop at Wal-Mart, excludes most people in metropolitan areas, the democrat is never going to lead that matchup. It's like polling people who use subways and being surprised that McCain is trailing. They should stick to just looking at actual income levels.

Just Asking...

So will cell-only households cancel out a Bradley effect if one exists?

As a reader notes: "If you assume each is responsible for a 1-2 point differential, then maybe it's a wash."

A Kuhnian Revolution About To Take Place In Polling?

Those missing cell phone-only respondents....make a difference. When pollsters first noticed that large numbers of yocellphonesmakeadifference.jpgung Americans were ditching their landlines in favor of cells, they took comfort in surveys showing that there was little to no difference in how the two groups responded to surveys. Now, a statistically significant difference has been detected, courtesy of the Pew Research Center. As Pollster.com's Mark Blumenthal notes, Pew's researchers concluded that in three surveys from the summer, "including cell phone interviews resulted in slightly more support for Obama and slightly less for McCain, a consistent difference of two-to-three points in the margin."

As one would suspect, cell phone users tend to be young -- under 30 -- and they consistently give Barack Obama more than 55% of their vote in these surveys.

Pew's researchers go so far as to conclude that traditional weighting measures are suspect because of the differences between landline voters under 30 and cell phone voters under 30.  The differences extend to party identification; the gap between Democrats and Republicans among cell phone-only  users was nearly three to one in a recent Pew survey.

So what's next?

Gallup has been sampling a cell-phone only population in conjunction with its landline surveys; see more here.

If Pew's research is correct, then pollsters everywhere will have to adjust their weighting math and rethink how they think about the intersection of technology and public opinion.

Bailout Questions

So where did the $700 billion number come from?

Sec. Paulson told congress yesterday that the plan was to spend roughly 50 billion a month,

Sen. Schumer asked: why not $150 billion then, and let the next administration do a re-evaluation in January?  No real answer.

So, why $700 billion? Where is it all going?  And why do they need it all at once?  And how do they know how much it'll cost without knowing what criteria they're going to use to buy firms?

And what's to prevent Paulson from engineering the bailout, and then, once he leaves office, taking the helm of one of these companies as it transitions back to the private sector?

And did the administration really have a bailout proposal stashed away for weeks without informing Congress?

McCain Pollsters Buck Up The Troops, And Other Polling News

McCain pollster Bill McInturff and chief of strategy Sarah Simmons want you to know that they're convinced that the ABC News Washington Post poll out this morning is an outlier and "not at all indicative" of what the campaign sees in in the states.

McInturff told reporters this morning that he considered the poll problematic because party identification trends were not factored in the results, undecided voters were pushed to choose a candidate, and the 16 point party identification gap was much too big.  McInturff said that McCain will win of the party ID gap is reduced to four points or so -- today, he estimates that Republicans are down six to eight points.

But so does ABC News.   Their measure of unleaned -- as in -- non-pushed -- party identification among their likely voter sample was 37% for Democrats and 30% for Republicans -- a spread of seven points.

--------

A National Public Radio survey of 14 battleground states on the eve of the debate gives McCain a narrow, within-the-margin of error lead over Obama, reversing a slight Obama lead last month. The poll, taken between 9/18 and 9/20, also shows that Wal-Mart shoppers prefer John McCain, which would seem to contradict data showing that voters making less than $100,000 a year support Barack Obama.  The poll does find large gains for Obama on attributes like authenticity and honesty and gives him a 9 point advantage on economy handling.

---------

Marist gives Obama a double-digit lead in Iowa and a slight lead in New Hampshire.

---------

And the Diageo-Hotline tracking poll suggests that Obama has regained a lead among white women....

Why Hasn't The Times Covered David Axelrod?

The McCain campaign:

The New York Times has never published a single investigative piece, factually correct or otherwise, examining the relationship between Obama campaign chief strategist David Axelrod, his consulting and lobbying clients, and Senator Obama.

False.  They did, in fact, publish a single investigative piece, just one.

The paper examined Axelrod's ties to Exelon in an investigative article about Obama and the nuclear industry. 

As I recall, the Times has also looked closely at Obama's relationship with the Illinois coal industry, among others.

Here is a point that the McCain campaign did not make: journalists tend to cover Republican consultants' ties to industry and never Democratic consultants' ties to labor unions.

It's a double standard, maybe an appropriate one, as labor and corporations have different purposes to play in our economy.    And maybe the ties of McCain associates are more germane to the issues at stake this year.

But it's worth noticing all the same.

GSEgoguery And A Legitimate Question

Someone's out to get Rick Davis, and it ain't the New York Times. The Times was but one of three news entities who reported the same story this morning: Freddie Mac paid $15,000 a month to Davis Manafort until August of this year.

In a late-night missive written in Schmidt Gothic Bold, the McCain campaign denied what the stories did not allege -- namely, that Davis personally profited from Freddie Mac and therefore had a direct financial conflict of interest in helping McCain develop policy.

Davis retains a stake in his firm, but it's not clear whether he'll benefit financially. Though he certainly has an ego interest in keeping the firm alive, the story's not about profit. It's about influence buying.  Newsweek goes the furthest, here: did Freddie Mac pay the firm because Davis was associated with John McCain and, at the time the payments began, McCain was the Republican frontrunner?  Did Davis somehow sanction this arrangement?  This is a legitimate question.

Davis's denial leaves open questions. Bashing the New York Times is not an answer.

Now -- another truth is that few Democrats and few Republicans expressed concern about Fannie and Freddie until alleged improprieties became a matter of public record. Ironically, I remember having a conversation with an associate of Karl Rove's, who, in 2002, told me that Rove was concerned about the GSEs becoming overleveraged. (!)   In any event, associates of John McCain and Barack Obama profited from the GSEs and encouraged their growth, as did almost anyone with an interest in increasing homeownership in the country.

But the story's not about GSEs per se -- it's about whether Freddie put Davis's firm on retainer because Davis was allied with McCain.

A Numbskull's Guide To The Financial Crisis

First in a series of posts.

I play the numbskull and Megan McCardle patiently answers my questions.

First question to Megan:

The government says that the credit markets are "locked." What does that mean?

Megan responds:

The reason markets are locked is that everyone is scared.  When financial markets turn scary, the first thing people want to do is get their hands on as much cash as possible.  Ordinary investors want cash.  Unsurprisingly, the institutions who invest their assets also want cash, in case any of those folks ask for their money back.  And the money managers who institutions invest with, like big money market and mutual funds, also want cash, to give to the institutions when they pull out.

One or two people wanting to liquidate their investments and turn them into cash is not a problem; in ordinary times, the inflow of investors makes up for the outflow.  These are not ordinary times.  When everyone wants to liquidate their investments, no one can.  Money managers are sitting on big piles of perfectly sound securities that they cannot sell simply because everyone's trying to hoard their supply of cash and treasury bills (which the market regards as functionally equivalent to cash in the short term).  Government debt is in such high demand from institutions that are required to invest in ultra-safe securities that at one point, investors seemed willing to pay the government to take their money.  Everything else, no matter how likely it is to pay off, is just so much paper.

This feeds on itself:  people won't buy because they don't know whether they can sell in an emergency.  So they're waiting for other people to come back in the market and start buying again.  Of course, all the other people are waiting for the same thing.  Everyone wants to go to heaven, but nobody wants to die.

It's hard to see a way out of this without some form of intervention, because it's a problem of collective action.  If everyone wasn't trying to hoard cash, no one would need to.  Either private enterprise or the government need to find some way to cut through the gordian knot and open up the markets again.

Independents Lean To Obama On Economy

By nearly 14 points, independents trust Barack Obama to handle the economy better than John McCain, according to Pew's latest study.  Check it out here.

57% favor "the government's potentially investing billions to try and keep financial markets and institutions secure," which is a suspiciously anodyne way of describing the Bernanke/Paulson "bailout." If Pew had referred to the plan in the political vernacular, here's betting that fewer Americans would support it. Language matters!

Pew finds extremely high interest in economic issues --56% of folks say they're following along -- but very low comprehension of the crisis -- just 24% say they understand it well.




Google Power!

The folks at Google have anointed me a Power Reader in politics, which means that there's yet another way to keep tabs on my brain.

The concept is simple: I read an article I like or disagree with, I post it, and I comment on it.  Sort of a sidebar blog.

Other power readers include Mike Allen, Ruth Marcus, John Dickerson, Mark Halperin, Chuck DeFeo, Arianna Huffington, John Meacham and Patrick Ruffini.

And no, we don't get free Androids.

ABC/Post Poll Suggests Gains For Obama

A majority of Americans now say that the economy is the country's most pressing problem, and Barack Obama has opened up a double-digit advantage over John McCain on the issue, according to a new Washington Post / ABC News poll. 

Voters, by 14 points more than McCain, trust Obama to handle the economy; his messaging that McCain is "out of touch" is bearing results, as 57% of Americans think that Obama better understands the complexities of the system.  And when asked an open ended question about who'd best handle a crisis of any sort, half pick Obama, up significantly.

The poll's universe of likely voters pushes Obama beyond 50%; he leads by nine points(52 to 43)  over McCain with a smaller number of undecided voters.

More good news for Obama: he's gaining back white women who defected to the McCain ticket; the Democrats have a 25 point enthusiasm advantage over Republicans, and concerns about McCain's age are rising.

And here's an interesting nugget: Sarah Palin's biggest favorability rating drop has taken place among white Catholics.

September 23, 2008

Couric To Put Palin Under Microscope

Tomorrow, Gov. Sarah Palin gives her third formal interview; she'll spend time with CBS's Katie Couric in Manhattan. (And Couric also gets to spend Sunday and Monday with Palin, too, in Ohio.)

Couric told me yesterday to she plans to ask Palin about her (relative) lack of exposure to the media.... among other topics.

The Insecurity Gap

It's this: the more economically secure you feel, the more likely you are to back John McCain. The more financially squeezed you feel, the more likely you are to back Barack Obama. According to a fascinating new Los Angeles Times-Bloomberg poll, of the 50% of Americans who feel economically insecure, 60% of them back Barack Obama. Just 21% back McCain; the rest are undecided or don't know. By 13 points, Obama is deemed better equipped to handle "next year's" economic crisis and 14% think he's got a better grip on the economy. Among voters making less than $40,000, 54% are more comfortable with Obama's vision; among voters making more than $100,000, just 36% are. 

Interestingly -- and perhaps a reader can explain this for me -- the McCain-supporting affluent respondents also favored more regulation with a greater intensity than voters making less than $100,000. (My guess is that voters making less than $100,000 have more material concerns like health care...)


New Obama Ad Demagogues Foreign Auto Industry

"I've bought American literally all my life," says McCain. But -- as the ad points out -- McCain "owns thirteen vehicles----including three foreign cars---a foreign made Lexus, Volkswagen and Honda Sedan." Good. Yes. The political point is scored. A field goal, maybe, not a touchdown. Michiganders are uniquely sensitive to the triumphalism of the foreign auto industry, and "Buy American" resonates among a certain demographic. This particular populist trope is usually heard from isolationists, but internationalist Democrats have appropriated it to connect with working class voters feeling the squeeze.

Now -- the ad also portrays McCain as rich and out of touch.

Question: if Japan's making better cars, would Obama urge Americans to buy American?

Palin Shuts Down The Pool; Media Revolts (UPDATE)

Yesterday, this column wondered, facetiously, whether the McCain campaign would shut down its press shop altogether if they concluded that the press was uniformly in the tank for Obama and wouldn't ever give McCain a fair shot.

Well...

Last night, the campaign provided locations for Palin's scheduled meetings with two world leaders and Henry Kissinger to a network TV producer, who was assigned to provide editorial content on the meetings for the five television networkers. The reporter was never going to be allowed to sit in on the private meetings but would be permitted to be on hand for as still and video journalists took pictures at the beginning of each meeting.

But just a little more than an hour before Palin's first meeting was set to begin, the pool producer was notified that he would not be allowed in to the photo spray. This means that the McCain/Palin campaign would get the benefit of free pictures of Palin's meeting with world leaders without having to face the possibility that the candidate might have to answer a question from the media.
 
Television networks, including <B>CBS News</b> maintain a policy that if they are prevented from having an editorial presence at an event, they will not allow cameras to shoot

Hence -- no more network/national coverage of pool events Which might work for the McCain campaign because local TV coverage of Palin is usually much less skeptical.

A stand-off between the media and the McCain campaign.

The transgression? Apparently last week, CBS News's Scott Conroy had the temerity to ask a question of Palin during an OTR session.

Who blinks first?  UPDATE: A CNN pool producer was allowed into a camera spray of Gov. Palin's meeting with Hamid Karzai for all of 29 seconds. No other pencils, as they call them, were allowed in.

Now -- in an effort to build some good will, the McCain campaign has scheduled a press conference this afternoon -- his first since August 13.

Not to be outdone, Barack Obama, in Tampa, Florida for debate prep, will also take some Q and As.

Obama And Ayres

Associations can be fair game, but here's my question about Barack Obama and William Ayres:

What "radical" ideas did Obama and Bill Ayres come up with to foist on the Chicago school system?

What specific projects -- "radical" projects -- did Obama work on with Ayres?  Is there evidence that they collaborated and schemed to  ... do anything "radical" together?   Ever?

Or just that they served on a board of a fairly well-respected liberal charity at the same time? And that left-leaning charities tend to give money to left-leaning organizations, a la ACORN?

Is the real story here that Obama once served on the board of a liberal education charity?

The Clintons And Obama

Via Ben Smith, an excellent observation about how former President Clinton is playing the analyst these days, not the surrogate.

But when, even when his wife was running, did Clinton filter his political thoughts?  At the height of the 2000 election, Clinton decided to call the New York Times's chief political correspondent and chat about Al Gore's strategy. Can't find the link, but trust this column: it wasn't helpful. 

Still no word as to when Bill Clinton will campaign for Barack Obama. His first appearance will inevitably be a huge news event.

Meanwhile, the Associated Press/Yahoo poll has numbers suggesting that Barack Obama is still getting the support of only 58% of self-identified Clinton primary voters. But that's a weird number. All the polls agree that Obama is tied -- or even slightly losing -- among independents. Yet -- he's still leading John McCain. Where does he get his support from, if not from Democrats?  Most other polls show Obama's having gained substantial support from Clinton Democrats over the past few months.
| |

Home Some Liberals Are Framing The Bailout

"Stop Paulson's Plunder."

Atlantic Electoral Map 9/23

The distribution and categories are based on polling, historical trends, conversations with the campaigns, and the thoughts of smart analysts in those states. MARGINAL TOSS UPS -- states where historical voting patterns seem to be asserting themselves but exogenous factors prevent the electorate from leaning to a particular candidate at this point. TRUE TOSS UPS -- states where historical voting patterns are not asserting themselves AND exogenous factors prevent the electorate from leaning.

-----------

Likely Obama: CA, CT, DE, DC, HI, IL, ME, MD, MA, NJ, NY, OR, RI, VT, WA (190 electoral votes)

Lean Obama: IA, MN, NM (22 electoral votes)

Marginal toss-ups:  FL, MI, NH, WI, PA, OH (99 electoral votes)

True toss-ups: NV, CO, VA (27 electoral votes)

Lean McCain:  GA, IN, MO, MT, NC, SD (58 electoral votes)

Likely McCain: AK, AL, AZ, AR, ID, KS, KY, LA, MS, NE, OK, SC, TN, TX, UT, WV, WY, ND (142 electoral votes)

Obama: likely + leaners: 212 electoral votes

McCain: likely + leaners = 200 electoral votes

Tossups: 126 electoral votes

One move: New Hampshire from lean Obama to toss-up, owing to some recent polling showing McCain ahead.

But there is no data showing that McCain's convention bounce has changed the electoral map much. Over the week, I'll be watching state polls in the industrial Midwest to see whether the shock of the economic crisis is hurting McCain.

What ought to worry the McCain campaign: they had their best week of the cycle, and the state polls didn't move.  And, truth be told, in states like Virginia, Obama is doing what he needs to, demographically, to win.

A few other notes:

Colorado -- Democrats are outworking Republicans in this state, and the convention was a huge boost.

Nevada -- McCain has an edge, but it's a slight one. Obama is doing well enough among Hispanics nationally to win in Nevada, and the Obama campaign has been all over the state's growth areas since late last year.

Wisconsin is more competitive today than it was before Sarah Palin's pick, although both campaigns believe that Obama has a slight advantage, particularly with the focus on the economy.

Is Obamaland Spreading Anti-Palin YouTubes? An Assessment

Here, courtesy of the Jawa Report, is a summary of the evidence they provide to back up the claim that the Obama campaign is linked to scurrilous anti-Palin videos circulating on the web.

  • Evidence suggests that a YouTube video with false claims about Palin was uploaded and promoted by members of a professional PR firm.
  • The family that runs the PR firm has extensive ties to the Democratic Party, the netroots, and are staunch Obama supporters.
  • Evidence suggests that the firm engaged in a concerted effort to distribute the video in such a way that it would appear to have gone viral on its own. Yet this effort took place on company time.
  • Evidence suggests that these distribution efforts included actions by at least one employee of the firm who is unconnected with the family running the company.
  • The voice-over artist used in this supposedly amateur video is a professional.
  • This same voice-over artist has worked extensively with David Axelrod's firm, which has a history of engaging in phony grassroots efforts, otherwise known as "astroturfing."
  • David Axelrod is Barack Obama's chief media strategist.
  • The same voice-over artist has worked directly for the Barack Obama campaign
Independently evaluating each claim is beyond the scope of this column, or, frankly, this column's interest -- having been very much engaged with the subject, I did not come across the videos, and there is no evidence that their circulation escaped the echo chamber of the liberal blogosphere.  But let's assume that every datum is correct and take the charge seriously.

The problem is that logically, one cannot infer, from the evidence above, that the Obama campaign had any formal or informal role in the distribution of these videos. (Could an Obama aide or two -- one or two of a thousand employees-- have forwarded the video to a friend? Yes -- but that tells us nothing.)   Indeed, what the evidence implies is that a liberal PR firm decided to gin up some anti-Palin viral videos. That's it.

The circumstantial evidence against the Obama campaign's involvement is not compelling either, but it is at least as compelling as the evidence for it.

For example -- the videos were poorly hidden and easily traceable.  (eswinner) --  It's easy on YouTube to be sneaky about these things. The videos' creators did not take pains to hide the videos until citizen journalists called them out, and the hasty effort to take them down suggests that that no organized thought was given to a "cover up" -- which, in these cases, is always more outrageous than the crimes.

Second -- using the same voice over artist... if you were intent on creating stealth videos, you'd be monumentally stupid to use a recognizable voice over artist - or one that's worked for the Obama campaign before.

Third -- the video is professional. Yes. It's very easy to create professional-looking videos these days. That says nothing.

Fourth -- readers kindly send me a dozen or so professionally-produced YouTube videos every week; many of them are amusing and others are silly. What pops -- and the Obama and McCain campaign know this -- is not professionally produced videos; what pops is raw footage of errant quotations or gaffes. Or the occasional humor video produced for its humorous content only.  These type of videos never pop.

Partisans of the Republican ticket have every right to believe that the Obama campaign is malevolent, and to assume the worst of motivations; certainly, liberal partisans reciprocate.  But it takes a willfull suspension of belief to assume that the Obama campaign is stupid. 

For the record, here is what Obama campaign spokesman Tommy Vietor has to say:

"This one ranks as one of the most outlandish conspiracy theories in a campaign that has had its share of them.   Neither our campaign nor any of our consultants had any involvement with this YouTube video, and the McCain campaign should provide a shred of believable evidence before advancing false allegations and misleading voters yet another time."

Continue reading "Is Obamaland Spreading Anti-Palin YouTubes? An Assessment" »

September 22, 2008

Biden Repudiates Obama Ad On McCain's Computer Use

Remember the Obama campaign ad making fun of Sen. John McCain for not using a computer?  This line --

He admits he still doesn't know how to use a computer, can't send an e-mail, still doesn't understand the economy, and favors two hundred billion in new tax cuts for corporations, but almost nothing for the middle class,"

got a lot of attention.

Was it a dig at his age? His out-of-touch-ness? Was it appropriate given that McCain is physically incapable of e-mailing?

Whatever it was, Sen. Joe Biden thinks it was out of bounds:

He told Katie Couric late last week that he didn't know that the campaign was going to run the ad -- and had he known, "if I had anything to do with it, we would have never done it."

Here's the full exchange:

COURIC: Are you disappointed with the tone of the campaign? The lipstick on the pig stuff and some of the ads - you guys haven't been completely guilt free making fun of John McCain using a computer.

BIDEN: I thought that was terrible by the way.

COURIC: Why did you do it then?

BIDEN: I didn't know we did it and if I had anything to do with it, we would have never done it. And I don't think Barack, you know. I just think that was ...

COURIC: Did Barack Obama approve that ad?

BIDEN: The answer is I don't think there was anything intentional about that. They were trying to make another point. That's very different than deliberately taking a vote Barack Obama had to teach children how to deal with predators and saying he was teaching them sex education in kindergarten. Very different in degree.

Sign Of The Times; McCain Camp Accuses Reporter Of Being In Obama "Tank"

A reporter asks the McCain campaign to back up some basic claims made by a senior strategist in a public conference call.

The campaign refuses, with a prominent spokesperson accusing the reporter, Ben Smith, of being "in the tank."

As in -- no, we don't have to justify what we say, and the fact that you would question our assertions is proof-positive that you've absorbed the Obama campaign's worldview. 

Not only is that Addington-esque in its logic -- the spokesperson is PAID by one tank, so how can he possibly make that accusation credibly -- it's also immature (like throwing reporters off planes) and counterproductive.  Maybe I'm in Ben Smith's tank for saying this.

Perhaps we can forgive the McCain campaign for this moment of irrationality; even as they've turned the press into a bugbear, the McCain campaign has managed to operate a functioning press office that answers reporters questions and its officials are generally helpful and polite. 

The same officials who criticize reporters to our faces and behind our backs also help us understand policy, or get in touch with a campaign official, or explain the underpinnings of their tactics and strategems.

Here's hoping that today's outburst was an aberration and not a sign that the campaign will be shutting down its press shop for good.

Dodd Proposals A Solid Political Step For Democrats

Democrats now have a counter-proposal, something for the base to rally around and its presidential candidates to embrace.

Significantly, the ball now bounces back to Sec. Paulson and President Bush.  They can't blame the Democrats for coming up with nothing.

Mere politics -- how we hold our leaders accountable -- has asserted itself in the crisis.

Wall Street's nervous; they want action quickly.

Courtesy of the Politico, read the Dodd bill here.

McCain Camp Sues Ohio Secretary of State

Debates about election integrity usually pit Democrats worried about access against Republicans worried about fraud. In Ohio, a flashpoint has partisans taking the opposite sides: Republicans accuse the Democratic secretary of state of trying to disenfranchise tens of thousands of voters.

Today, lawyers for the McCain campaign sued the Secretary of State, Jennifer Brunner, allegeding that she's unlawfully rejecting absentee ballot requests. In Hamilton County, as many as a third of all requests were deemed invalid, sending the campaign scrambling to recontact voters.

Why?

Not because the forms lacked the requisite signatures and information.  It's because the forms, printed by the McCain campaign, had something extra -- a box that asked voters to verify that " I am a qualified elector and would like to receive an Absentee Ballot for the November 4, 2008 General Election."

 

mccainabs.JPG

Continue reading "McCain Camp Sues Ohio Secretary of State" »

AFL-CIO's Political Program Expands In Ohio

Labor voters save day for Dems in states like and Ohio and Michigan, and the AFL-CIO is accumulating evidence that its political program influences, in particular, the votes of white men.

 

"For white men, regular church-goers -- if they're union members, we win them," said Karen Ackerman, the AFL-CIO political director.  The same goes for NRA members and the larger universe of gun owners.

 

The outlines of the AFL-CIO's member to member effort are well known and have been widely reported on, but the organization rarely divulges details about their statewide targeting. Such information is proprietary. Ackerman shared a few numbers, though, about Ohio, numbers that suggest a fairly strong thumb on the scale for Democrats.

 

There are 2.1 million union voters in Ohio; the AFL-CIO has contacted an additional 1.6 million labor force voters as part of its Working America program, which allows non-union members to associate with the AFL-CIO.

 

Working America is now an integral part of the AFL's program, and it almost doubles the universe of voters that the AFL-CIO is able to contact. In 2006, only 42% of Working America members self-identified as Democrats. 79% of Working America members voted for Gov. Ted Strickland -- a correlation, to be sure, but a strong one.

 

An AFL-CIO official said that internal union research showed that worksite contacts are as much as 30 times more effective than non-personal direct mail pieces. And every union member will be contacted at least 25 times through the course of the program. In addition, the AFL-CIO has around 500 field organizers making phone calls every night.

 

Special targets this year include seniors, retirees and veterans. AFL-CIO officials were reluctant to say whether they had detected any racial prejudice from members; in any event, much of their persuasion mail that's been made public has focused on demythologizing Barack Obama and highlighting his family's working class background.

 

Diageo/Hotline Tracking 9/23

logo_new.gifA three night track...

Obama: 47%
McCain: 43%
Undecided: 9%

McCain Lays Groundwork For Bailout Opposition

The McCain campaign is sending strong hints that, unless the government bailout is substantially revised, McCain might lead Republican opposition to it in the Senate.

Last night, the campaign sent reporters a background e-mail previewing McCain's remarks today.

McCain, in Scranton, PA this morning, said he was "deeply uncomfortable" that "so much
power and money been concentrated in the hands of one person."

"When we are talking about a trillion dollars of taxpayer money 'trust me' just isn't good enough," he said.

A McCain adviser refused to rule-out any scenario, including a nay vote by McCain. "John McCain is interested in Main Street and the American worker. John McCain is interested in the American taxpayer.  And those are the decision points for him as the package comes together. [At this point,] there is no package."

Schmidt Blisters New York Times; Calls It "Pro-Obama Advocacy Organization"

Ostensibly, the conference call was convened to explain their new ad about Barack Obama's ties to Chicago machine politics. But when a reporter referenced a New York Times story this morning, McCain strategist Steve Schmidt could not help himself:

"We are first amendment absolutists on this campaign," he said. "Of course, it is constitutionally protected with regard to writing whatever they want to write. Let's be clear and be honest with each other. Whatever the New York Times once was, it is today not by any standard a journalistic organization.

"It is a pro-Obama advocacy organization that every day, attacks the McCain campaign, attacks Gov. Palin and excuses Sen. Obama."

"There is no level of public vetting. There is no level of outrage ... let's not be dishonest and call it something other than what it is. Everything that is in the New York Times that attacks this campaign should be evaluated from that perspective."

Schmidt's particular bill of complaints included the lack of scrutiny directed at Sen. Joe Biden's son Hunter, a lobbyist.  The Times has covered the story, twice.

NRA Begins Multi-Million-Dollar Television Ad Campaign

The National Rifle Association's political arm launched a flight of television and radio ads today that portray the Obama-Biden ticket as "radical" and Obama as a gun-grabber who plans "a huge new tax" on "guns and ammo."

Below, television and radio ads airing in Pennsylvania.  An NRA official says that the group has purchased ad time in Colorado and New Mexico, and more states will come online soon.

See all the ads here.


Obama's Ethics Proposals: What's New?

The Obama campaign released a white paper this morning on his new government ethics and transparency proposals. Some of them he's spoken about before -- like open budgeting, televised regulatory hearings and the appointment of a  government chief technology officer; what's below is new:

-- create a new agency to identify and track corporate welfare recipients, he'll give the Office of Government Ethics officers (4,000) in total more authority and the agency the ability to make binding regulations. Note: the OGE will become the clearinghouse for all public records about ethics in the executive branch.
-- eliminate "ideological performance goals
--work to increase the president's authority to change or eliminate programs entirely; he "will also experiment with giving government managers the ability to work with their teams to establish goals and to give bonuses when those goals are met."
-- reduce layers middle management in Washington
-- strengthen whistleblower protection laws
-- cut federal spending on contractors by 10 percent, which would say, in his view, $40 billion.
-- end the use of no-bid contracts and forbid the granting of federal contracts for tax delinquent companies

McCain's New Line Of Attack

We've heard for months that Barack Obama was an empty-handed, idealistic neophyte. Now, John McCain's election strategists in Arlington want to transform him into a scheming insider-urban-machine politician. Beginning with a television "ad" that questions Obama's relationship to machine fixtures and continuing with surrogate attacks and research hits, the goal is to undermine Obama's reformer credentials during the economic crisis and to situate his ambition, putting him alongside corrupt Chicago politicians. The McCain campaign claims the ad will run nationally, but they've scheduled a conference call with Steve Schmidt and Rick Davis to pound home the point.

The ad itself is a breezy, guilt-by-association tour.  One line notices simply that Rod Blagojevich happens to be the governor of Illinois. "His governor, Rod Blagojevich. A legacy of federal and state investigations." 

Obama continues to hit McCain for allegedly wanting to subject the health care system to the same deregulation he blames for the collapse of the banking system, unveiling a new ad this morning showing McCain and Bush together, McCain and Bush together, McCain and Bush together.

The Bailout Jam

The financial system was on the brink last week, with lawmakers privy to more information about how critical the situation was, and the base activists from both parties wondering why the panic level shot up from 0 to 100. A 3-page outline was handed out Friday; Sunday, it had grown to seven pages.  We saw over the weakened some tweaks and a little more specificity over the weekend in terms of what kind of institutions will be covered and what types of assets will be purchased.  We still don't have all the details, including how they will make things like reverse auction will work when the assets are not easily comparable.
 
In terms of total impact on the economy, the action by the Fed and the Treasury certainly helped push the crash talk back.  Both Obama and McCain face pressure to oppose the bailout;  liberals and conservatives question the wisdom of transferring so much (unchecked, uncheckable) power to an unelected arbiter and both worry about taxpayers being saddled with enormous debts without accountability.  Both Republicans and Democrats in Congress, having finally been tossed the baton, are want to act like they're on top of the situation and to reassert their institutional prerogatives.  Unknown at this point: will the public blame Congress is a package isn't passed in time? What does "in time" actually mean? Is it wise to saddle the next president with such an enormous responsibility without taking the time to consider some of the less obvious counter-arguments?  Can one party maneuver so as to jam up the other?

September 21, 2008

Will Racial Prejudice Hurt Obama? No One KNows.

The truth is that there are so many variables and not enough information. We've never had an African American presidential nominee before. We don't know whether local effects are different from national effects, and whether a national conversation about race and voting will trigger the type of implicit associations that cause some whites to vacillate about Obama.

Social science offers some clues, but they are thin gruel -- the Bradley effect seems to have dropped off in black-challenger/white incumbent races since 1996; implicit racial prejudice exists; Obama did not experience a "Bradley effect" in the primaries, although tens of thousands of voters admitted to exit pollsters that race influenced their vote against Obama.

But these tell us next to nothing about what will happen in the general election.

September 20, 2008

Racial Associations And Implicit Associations: Or -- Will White Dem Racism Cost Obama The Election?

ap_poll_race_obama.jpgWill white Democratic racism cost Barack Obama an election he really should win? For months, the highest level of Obama political advisers have publicly cast doubt on the scenario. Their thinking assumes that Obama's turnout demography will compensate for older white Democrats who are uncomfortable with Obama's race, and that white women under 50 living outside cities -- the marginal voters in this election -- while not being entirely immune from racial conditioning and subconscious associations -- are nonetheless swayable by many other Obama attributes.

The Obama campaign is no monolith when it comes to this question. Some advisers, are worried. And there is anecdotal evidence that the campaign's microtargeting -- read about it here -- is envisioned and implemented with one major aim being the rendering of Barack Obama as safe and unthreatening.

Andrew Sullivan has argued that race is but one of several uncomfortable traits that Obama possesses, traits that widen an already existing generational fissure, pit young against old, and heighten, for many, a sense of cultural insecurity about a man whose lifestory is American -- 21st century American, just not the American story they are used to.  The slogan of Andrew's blog is that "To See."

The AP story has provoked a furious counterreaction from those who want to believe that America is ready to elect a black president. Some of the points are valid, although they focus on the application of the argument and not the science. 

For one, the universe studied by Stanford is larger than the universe of those who vote, but there tends to be a correlation in attitudes between voters and non-voters.  Another objection is that tests like the implicit association test -- and the AP used something called the affect misattribution procedure -- are flawed. Try the implicit association test (again, not precisely what the AP used) yourself. It has withstood most scholarly skepticism, at least with its thin claims, which is that there are often unconscious associations between concepts and attributes, and those associations often form a pattern, even if one cannot prove that the pattern is independent of experience, and even if one cannot prove that internal perception matters more in terms of race relations than conscious, explicit judgments. (See more here and here.) A scary finding: even African Americans are not immune to the effect.

Continue reading "Racial Associations And Implicit Associations: Or -- Will White Dem Racism Cost Obama The Election?" »

September 19, 2008

Thoughts On Five Momentous Days

1. That the nation's legislative leaders came out of their meetings with Treasury Sec. Henry Paulson "stunned" about the magnitude of the crisis -- i.e, 3.4 trillion in money market wealth wiped away -- is, in and of itself stunning. Though some members of Congress warned about overleveraging Fannie and Freddie and some warned of tough times to come, none seems to have anticipated -- or gotten on top of -- the multiplicty of mini crises that led to the flood this week.  The distance between what Washngton assumed and what Wall Street did is huge, and an Acela train can't bridge it.  Congress stood by, powerless, jaw-dropped, as the capital markets shut down and the government ran the show this week. The impact of this week on what a President Obama and President McCain are able to do in office is completely unknown.

BTW: Did any presidential candidate, aside from Ron Paul, have any inkling of the Fed's emergency power?

2. John McCain stumbled badly early in the week, bumblng through several days of gaffes and appearing to confirm a reality that the Obama was portraying -- that he was out of touch. But starting Thursday, with his widely-mocked-by-elites call for firing Chris Cox and today, with his aggressive focus on Fannie and Freddie and Obama's connections to them, he seemed to recover his footing. Americans probably do want a culprit, and the Fannie/Freddie crony capitalism, while certainly not the whole or even a few chapters in the story, is as good as any.  What McCain will do over the weekend and into next week is begin to explain why his principles for the bailout are different from President Bush's. 

3. The Obama campaign was widely and appropriately rapped for a misleading and tendentious Spanish radio ad, Obama was criticized for overinflating his role in an earlier stimulus package and had a weird public response to the AIG bailout. By the end of the week, he was involved in a tit-for-tat over which candidate had more connections to Fannie and Freddie. On Friday, McCain found a culprit and Obama had a meeting. Obama still had the better week -- and, truth be told, when it comes to the economy, the thumb is so much on the Democratic side of the scale this election that he really didn't have to do anything to have a good week.

4. Sarah Palin continues to draw enormous crowds and continues to overshadow her running mate to some degree. The bloom is off the rose (the fur is off the moose?); we know the basic outline of her political footprint; Palin helped with the base and not so much with anyone else.

Has The Wilder Effect Disappeared?

Concerned that references to the Wilder effect have entered the political lexicon without a large scale study demonstrating its impact and its relevance to contemporary political dynamics, a grad student at the Kennedy School of Government named Daniel Hopkins set out to to see whether he could measure a discernible Wilder effect beyond the iconographic examples of the 1980s (Dinkins was up by 18 but won by 2!, Wilder, Bradley, etc.).

Read his paper here.

Hopkins looked at all senatorial and gubernatorial races that featured a woman or an African-American candidate from 1989 to 2006 -- a total of 133 races. For each, he found at least one poll released within a month of Election Day, enabling him to measure the gap between a candidate's polling and performance.

Hopkins finds some evidence that African-American candidates suffered from something resembling a Wilder effect before 1996, but since then, the effect seems to have disappeared.

This becomes the key finding of Hopkins's study: The Wilder effect is not a durable phenomenon. Rather, it is dependent on particular political conditions.

His theory is that when racially charged issues like welfare and crime dominated the political rhetoric, racial factors affected voting behavior and the Wilder effect asserted itself. But once welfare disappeared as a salient issue in 1996, political discourse was deracialized and race was less of a factor in voters' mind.

Hopkins finds that the salience of racial factors depends on the tone of the national environment, not on the tone of local candidates. He explains that black candidates before 1996 were victim of the Wilder effect whether or not they ran a deracialized campaign; after 1996, white candidates were not able to benefit from that effect even when they attempted to exploit racially charged issues. This also applies to the Democratic primaries of 2008, where Hopkins finds that there was no Wilder effect affecting Obama's performance.

To preempt possible concerns about his study's validity, Hopkins takes a look at alternative explanations for the polling-performance gap. First, he considered whether the Wilder effect only affects African-American candidates or whether it hurts other under-represented groups. Analyzing races that featured a female candidate, he finds that women do not suffer from any Wilder effect - quite the contrary, female candidates on average perform better than their polling indicated.

Second, Hopkins considers the possibility that the polling-performance gap can be attributed to what he calls the "front-runner's fall." Hopkins explains that front-runners' support can be overstated because of their higher name recognition and because of classical regression to the mean, making it necessary to account for such an effect before determining what impact racial bias in Wilder or Dinkins' decline. After running additional tests, Hopkins determines that some of the polling-performance gap can be attributed to a front-runners' fall, but that the Wilder effect is still at play.

In other words, the Wilder effect tends to increase in function of an African-American candidate's initial support. Hopkins argues that this leads to the hype that surrounds the Wilder effect. The candidates that are most associated to that effect - Wilder, Dinkins and Bradley - were all favored to win. That is what got their campaigns so much coverage in the first place and it made their performance gap that much more dramatic - creating a somewhat naïve buzz around the Wilder effect.


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