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Taylor Marsh has been writing on line since 1996, with the archives provided here a representation of that work.

Archive | September, 2008

Testy McCain

BY TAYLOR MARSH


–more excerpts here

“Feisty?” Jonathan Martin of Politico is being kind, very kind.

This guy has a real problem with being questioned. He doesn’t like it when anyone challenges him directly. At the end of the video above you’ll see McCain use his service to this country to try to shut up the questioner from the Des Moines Register editorial board. It’s an ugly tactic he now employs, his ace in the hole, when he intends to keep people from getting to the heart of the matter being discussed. It’s shameless.

McCain isn’t half the man he used to be. It’s shocking to see what he’s become.

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SEC Speaks

BY TAYLOR MARSH



Jim Cramer was on fire yesterday. No doubt he’d like what hit the Washington Post a little while ago. From Frank Ahrens we learn the SEC has just made a rather important announcement that could mean something to the markets.


The Securities and Exchange Commission and the Financial Accounting Standards
Board have just made an announcement that, dry as it sounds, may mean a great
deal: “When an active market for a security does not exist, the use of
management estimates that incorporate current market participant expectations
of future cash flows, and include appropriate risk premiums, is acceptable.”

…Simply put, mark-to-market accounting requires companies to set the value
for the assets they own at the price they could fetch on the open market right
now. The prices must be “marked to market;” hence the phrase.

What does that have to do with the current crisis? The root problem now is
that financial institutions have been caught holding value-less, or “toxic,”
assets on their books, such as the mortgage-backed securities based on sub-prime
mortgages that have defaulted.

If all this sounds like voodoo accounting, well, all accounting can sound
that way sometimes. But remember this: Even though homeowners have defaulted
on sub-prime mortgages, there is a house at the bottom of it all and that
has real value.

Shorter: The SEC’s statement makes these “toxic” assets easier to put a price on and eventually sell, because, as Aherns explains, people can take other things into consideration when placing a price on them. They cannot put any value they want on the “toxic” assets. It means that just because they’re “toxic” doesn’t mean there isn’t something good at the bottom. You know, like that house that’s at the end. Even better explanation here (via memeorandum): This is just one aspect of the credit crisis, but MTM has acted as something of an accelerant for the financial troubles of institutions holding mortgage-backed securities for which there is no active market.

See your local egg head economist for more answers, because I still contend Congress is clueless. Though you might find some of the comments at Aherns piece helpful.

As for McCain, well, that he can read off of cue cards isn’t all that impressive. Obama’s a bit better because he doesn’t need color by number notes, but he’s still missing the empathy quotient, though in the debate he got closer to the kitchen table side of the issue. He needs to work on that more and more, not allowing McCain to take him into the weeds of earmarks, which your average American isn’t worrying about right now. But I haven’t seen either of the candidates really take this issue and own it, while also show they get what Americans are going through in trying to understand it themselves. It’s not what either of these guys do best. “Feeling your pain” is a Clinton thing.

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ECONOMY: Over 2 to 1, Americans Blame Republicans for Crisis

BY TAYLOR MARSH





This is so obvious.

John McCain just can’t get his party to follow his lead.


McCain told CNN this morning that in spite of fierce opposition to the bailout, “I’m glad to stay at it. That’s what my job is, I believe, as an American, not as a candidate for president.” McCain said he spoke with President Bush this morning and expressed support for a proposed increase of FDIC insurance levels on bank deposits from $100,000 to $250,000.

The Republican party runs an ad against the bailout, while McCain struts out to pontificate his support for it. Confused much?

The public isn’t: Asked to assess responsibility for the legislation’s failure, 44 percent said Republicans were the reason, 21 percent said the Democrats and 17 percent said both sides were responsible.

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John Chaperones Sarah



Oh dad, geez. Let me do this one on my own. (…or would that be grandpa?) He even interrupts to save Sarah from “gotcha” journalist Katie Couric.

That’s a new job qualification for president. Babysitting your vice presidential nominee so she doesn’t step in it. Again.

Recently I wrote about John McCain’s naked sexism, how he and his campaign are muzzling Palin, not letting her speak. But now she’s become such a disaster that he has to sit next to her to protect her from the media.

Can you imagine Hillary Clinton allowing anyone to hold her hand in a big interview?

Sarah Palin keeps dragging women backwards, further and further back into the 20th century.

It’s like watching a 1970s reel of a woman being given a chance at a position, because that’s what you’re supposed to do, even though the female is in over her head and has no business being in the position she’s been gifted. I thought we were beyond this by now.

I also understand that everyone is trying not to lower the bar too much for Thursday’s vice presidential debate. All I can hope is that Biden lets Palin talk… and talk and talk. She’ll end up tying herself in a word blizzard of spin and political slogans that will require a road map to find her way out.

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Letterman still on McCain

BY TAYLOR MARSH




“Senator John McCain is in favor of the bailout. He loves bailouts. He bailed out on me.” – David Letterman

heh-heh… Got to love Dave.

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Happy New Year… and the breaking of the Fast

BY TAYLOR MARSH



Happy New Year to those to whom it applies.

Ramadan ends tonight as well, so enjoy the breaking of the fast. The U.S. released 2,400 detainees in Iraq over the four weeks.

The floor is yours. Sorry, it’s cash and carry for cocktails tonight. No credit cards accepted.

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Palin Supports Israel… and Hamas

Just when you thought it couldn’t get any worse, Sarah Palin does it yet again. With the bailout bust, this isn’t getting as much attention, but it should. Jeffrey Goldberg at the Atlantic Monthly posted it early today.
The URL says it all: Sarah
Palin’s Terrifying Ignorance
. It’s yet another edition of American politicians’
favorite game: “Who
is more pro Israel?”
Mind you, it’s not about real support,
but that kind of support that doesn’t do anyone any good, least of all Israel.

Cue Katie Couric yet again, who is slowly and finally earning her anchor’s
chair:


KATIE COURIC: “What happens if the goal of democracy doesn’t
produce the desired outcome? In Gaza, the U.S. pushed hard for elections and
Hamas won.”

SARAH PALIN: “Yeah, well especially in that region, though,
we have to protect those who do seek democracy and support those who seek
protections for the people who live there.
What we’re seeing
in the last couple of days here in New York is a President of Iran, Ahmadinejad,
who would come on our soil and express such disdain for one of our closest
allies and friends, Israel … and we’re hearing the evil that he
speaks and if hearing him doesn’t allow Americans to commit more solidly
to protecting the friends and allies that we need, especially there in the
Mideast, then nothing will.”

Shorter: Be sure to support Hamas because they won the elections fair and square,
never mind that Bush forced it on them before they were ready. Read “The
Gaza Bombshell.”
It gives you all the miserable low points of our current
president’s meddling.

One post from
2006
has enough info in it to educate even Sarah Palin, if she’d only use
The Google. Condoleezza Rice was another Republican femme left with her face
hanging out. Flashback:
“I’ve asked why nobody saw it coming,” Ms. Rice said, speaking
of her own staff. “It does say something about us not having a good enough
pulse.”
Insert picture of Palin here.

Oh, but not to worry. Sarah really does support Israel. Via
Yglesias
:


“The only flag at my office is an Israeli flag.” – Sarah
Palin

This is utterly terrifying.

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McCain Failed to Lead

BY TAYLOR MARSH
–updated–


Ambinder has the quote that kills:


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.”

Cue the whining. Waaaaaaah.

McCain might want his words back now. He’s in deep trouble. After making a big stink about saving the economy, he couldn’t help deliver his own party. Now his words ring out, as he couldn’t lead Republicans to do their share.



“We entered into those discussions in the spirit of bipartisanship,
with the understanding that each side would have half of our votes to pass
the bill. Today, when the legislation came to the floor, the Democratic side
more than lived up to its side of the bargain. While the legislation may have
failed, the crisis is still with us. …” – Speaker Pelosi

But get this, the Republican leadership is blaming Speaker Nancy Pelosi (here’s her speech) for the bailout going
bust. Poor Republicans. Nancy Pelosi talked mean to them.


“I am appalled. … Here’s the story. There’s a terrible crisis affecting
the American economy. We have come together on a bill to alleviate the crisis.
And because somebody hurt their feelings they decide to punish the country.
… .. We don’t believe they had the votes and we believe they’re covering
up the embarrassment for not having the votes. Somebody hurt my feelings so
I will punish the country. … I’ll make an offer. Give me those twelve people’s
names and I’ll talk uncharacteristically nice to them.”
(laughter)
– Rep. Barney Frank

Boehner made a fool of himself today. McCain failed miserably.

Flashback to last week.

Bailout plan is floated, as Paulson freaks out, while forgetting to actually sell the plan. Bush makes a horrendously negative
speech, which included in it his explaining the strength of capitalism, while trying to
push a bailout of it. Irony wasn’t lost on many of us.

Then… John McCain suspends his campaign to come running to Washington on
his white horse to save our economy and make sure the bailout is worked out, threatening not to debate if the deal isn’t done.
Never mind that it took him hours and hours to get to D.C. and when he did he
basically gave the House Republicans what they needed: cover.

The only way this bailout was going to work out is if both sides served up
enough votes to pass it.

Pelosi delivered the Democrats, at least enough to get it passed on her part.

Boehner had to deliver his side. McCain came to help, to make sure this happened. In the end it didn’t. McCain couldn’t deliver.

Chris Matthews said it best today. He worked for Tip O’Neill back in the day,
so he knows a bit about how this works. Can a “maverick” lead? That’s what he came in to do last week, but the result was on display today. He couldn’t get enough Republicans to get the bailout done. Matthews blamed McCain for the failure to get the bailout done.

That’s the politics. This isn’t over. But it’s up to the Republicans.

However, tomorrow is Rosh Hashanah, so many members won’t be around. Happy New Year.

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Bailout Goes Bust in the House

BY TAYLOR MARSH

VOTE FAILS: 228 NO to 205 yes


This morning I did an interview with the Washington Times about the current bailout that just failed in the House. The reporter, who I’ve talked to many times, talked about right-wing radio listeners going berserk over the bailout. She wanted to know how my listeners were taking it. After I told her my show was on hiatus, she asked about my readers. I simply said that nothing has succeeded in uniting the people more than this bailout. Everyone is pissed at Congress. Liberals don’t like it either.

Evidently House members got the message, because they’re not wading in.

Someone still needs to answer the question of why this bailout is suddenly so urgent.

Why are Democrats so eager to bail out Bush & Co.?

Cue Glenn Greenwald.

On to plan b… Capitol Hill torture, aka arm twisting to get it done. Will it work? Depends on how the markets react. If they stabilize themselves eventually, after bouncing around, on the reality that the American people aren’t buying the bailout, we just might get out of this without more political extortion.

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Palin to Hunker down at McCain’s Arizona Compound

MSNBC is reporting, as the Wall Street Journal has as well, that after today’s rally, Sarah Palin will fly to McCain’s compound in Arizona to do debate prep for Thursday. One can only imagine how the campaign is feeling about the debate in St. Louis at this point.


Meanwhile, the more experienced advisers assigned to her by the McCain campaign are accustomed to working with seasoned candidates, not someone “completely green on the national stage,” one strategist said. Several Republican backers have griped that the campaign has put the candidate in difficult situations, from sitting for high-profile television interviews to popping into meetings with foreign leaders, some of whom made sexist remarks, said several officials.

“It’s time to let Palin be Palin — and let it all hang out,” said Scott Reed, a Republican strategist.

I can’t imagine what Palin “letting it all hang out” would sound like. As far as I can tell, Palin is being Palin, which is the problem. Talking points wrapped up in political spin blizzard to hide ignorance on issues she’s nowhere near prepared to address at the point is what she’s got to offer.

The truth is that after the Couric interview –she’s speaking with Couric again today evidently– Sarah Palin has only one way to go. Up. The bar couldn’t be set lower. But Palin set that bar herself. It will be difficult for her to miss it.

Even Romney has now joined the “Free Sarah” chorus, amidst some conservatives calling for Sarah to be dumped. Ironically, it’s likely Mitt who’d get the second call from McCain, because he’s the only one who could be sold to the right-wing radio base. But unless Palin further self-destructs on Thursday, which is unlikely, McCain’s stuck with her. Someone who clearly is anything but ready to be vice president, let alone president.

One thing’s for certain. The entire Republican party will be holding their collective breath on Thursday, while anyone remotely interested will be watching. That includes SNL fans who are waiting for the next installment delivered by Palin herself. I still say that after McCain team’s debate camp, Sarah Palin will come out prepared and ready to take on Barack Obama. There’s no way we’ll see a repeat of the Couric train wreck, but there’s also no way she can acquire the deep knowledge needed to prove she’s anything but Bush in a skirt. The stage is set for big headlines for Sarah on Friday. The question is whether they’ll be “Sarah Bows Out,” as some conservatives are hoping.

Either way, Sarah Palin could cost John McCain the presidency. It’s my guess she knows this by now and is not about to let it happen. Question is whether she can stop it now.

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Draft Bailout Bill Revealed

BY TAYLOR MARSH

DRAFT –ahem– ‘Buy in’ BILL, as Pelosi called it.
Servers slammed, try here..
PAUL KRUGMAN

** SECTION-BY-SECTION ANALYSIS **


Part of Speaker Pelosi’s comments just a few moments ago:


“…Last night it came down to three issues. How this money would be distributed. … Golden parachutes and compensation for CEOs. We had strong resistance from the Administration on that subject, as well as an assistance that we had that the American taxpayer is not going to pay this price. … We sent a message to Wall Street. The party is over. The era of golden parachutes for high flying Wall Street operators is over. No longer will the U.S. taxpayer bailout the recklessness of Wall Street. And that’s the news this legislation brings. Again, we want to insulate the American taxpayer, mainstreet, everyday Americans from the crisis on Wall Street. …” – Speaker Pelosi

This is about having something on the table before the markets open tonight. It’s not a done deal, but here are a
few details
:


Among the provisions of the draft bill:

* The $700 billion would be disbursed in stages, with $250 billion made
available immediately for the Treasury’s use.

* Curbs will be placed on the compensation of executives at companies that
sell mortgage assets to Treasury. Among them, the bill would limit golden
parachutes to executives at companies that participate; they will not be able
to deduct the salary they pay to executives above $500,000.

* An oversight board will be created. The board will include the Federal
Reserve chairman, the Securities and Exchange Commission chairman, the Federal
Home Finance Agency director and the Housing and Urban Development secretary.

* Treasury is allowed the option to take ownership stakes in participating
companies under certain circumstances.

* Treasury may establish an insurance program – with risk-based premiums
paid by the industry – to guarantee companies’ troubled assets, including
mortgage-backed securities, purchased before March 18, 2008.

Lawmakers’ goal is to shore up a deal before financial markets around the
world open on Sunday evening.

There’s a pdf going around, which I’ve read, so hopefully there will be something
up live soon, which Pelosi said will be up on the Speaker’s website. In fact, it’s up now. (Keep trying, because servers are slammed.) When I have some comments from economic experts I’ll pass them on.

To add, Reid just said both McCain and Obama “have signed on” to the draft bill.

UPDATE: Paul Krugman is below. As I felt, he confirms, we’ll have to fix it next year:


My view is that (1) will be ineffective but also not a bad deal for taxpayers — firms that can afford to will dump their toxic waste at low prices, the way some already have on the private market, and taxpayers may end up making money in the end. Firms in big trouble will probably stay away from the auctions. The plan’s real traction, if any, is in (2), which is a backdoor way to provide troubled firms with equity — and the bill seems to say that taxpayers have to own this equity, although I wish it was clearer how much equity will be judged sufficient.

Not a good plan. But sufficiently not-awful, I think, to be above the line; and hopefully the whole thing can be fixed next year.

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That Angry Guy

BY TAYLOR MARSH



Who said what on the Sunday shows?

…and what are you reading today?

Wide open thread. Anybody watching football?

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Saturday Night at the Movies

BY TAYLOR MARSH


Paul Newman in pictures.

I’ve loved movies all of my life.

Growing up in Missouri when the state wasn’t a place for girls who wanted to
go big places and dream big things, movies were my escape, my refuge, my world.

It didn’t take long for me to know that creative artistry would be my first
road, right up until I was old enough to become active in breaking out beyond
my roots as a young woman fighting against traditionalism in the face of a new
revolution of feminism. So is it any wonder I marveled at Kate Hepburn, Barbara Stanwyck and Bette Davis… Barbra Streisand? From dancer to Broadway performer, while flexing my
feminist nature and political curiosity, movies became a refuge for this female
rebel.

The first time I saw Paul Newman on the screen he stunned me. “Cat on
a Hot Tin Roof” remains one of my favorite performances of his.

The first time I came into contact with Newman’s civic commitment and generosity,
along with his wife’s, Joanne Woodward, I was in New York City on Broadway. I
never met them, but I was more than aware of their philanthropy and support
of the dance. A bastard art, especially beyond ballet, with few taking seriously
the importance of this demanding creative sport. Newman, along with his wife,
were always in the news back in those days, forever speaking about the importance
of investing in dance, the choreographers and the troops that traveled taking
dancers and the arts around the country.

But to the wider world Paul Newman will obviously be remembered for his films.
His IT factor. His HUNK quotient. Though if you watch a film like “The
Verdict,” his stunning acting prowess shakes you with the naked force of
its honesty.

There will never be another like him. Not ever. Replacing The Titans of Film is impossible.

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When Do Political Ads Go Too Far?

BY TAYLOR MARSH



If John McCain was a happier warrior, maybe this wouldn’t even be an issue. But he’s not, so it is. All of it stems from the “grumpy old man factor,” which was on display last night. But when you trump crankiness with cancer, it raises the doubt quotient even higher. When you think of a “President Sarah Palin,” the importance of McCain’s health tilts off the chart.

One can only wonder what ads might have been run against F.D.R.

As for John F. Kennedy, the drug list alone scrolling on the tv screen would have scared voters to death. As Robert Dallek reported in his amazing book, “An Unfinished Life,” which was one of the sources for my one woman show “Weeping for J.F.K.” (performed in L.A. in ’05). What the public didn’t know about Kennedy’s health would fill medical journals. A portion from my show is below, research verified through Dallek’s book, among dozens of other sources:


He had his women, his doctors and all the drugs that kept him alive:

• Anesthetic procaine, for his Addison’s disease
• Cytomel, for thyroid deficiency
• Lomitil
• Metamucil, now there’s a commercial for you
• Paregoric
• Phenobarbitol
• Trasentine, to control his colitic diarrhea
• Testosterone, to increase his energy and boost his weight after
bouts of colitis
• Penicillin, for urinary tract flare ups
• Fluorinef, to increase his salt absorption due to Addison’s
• Cortisone
• Tuinal, for insomnia – a side effect of the cortisone
• Antihistamines, for an array of allergies
• Codeine
• Steroids… Oh, and Vitamin C and calcium.

J.F.K. also had lots of doctors who gave him his “vigah.” They
also led to rumors that Nixon tried to steal his medical records.

He had an allergist; an endocrinologist for his Addison’s disease;
a gastroenterologist for his colitis; a urologist, because he’d gotten
a urinary tract infection from venereal disease; an orthopedist for his degenerative
spine, but no one knew.

Today we’d know all about “Dr. Feelgood.”

GOP fundamentalists would go wild.

Or maybe he’d get a pass just like Rush.

I’m not squeamish about making John McCain’s age an issue, as long as it’s done directly. The presidency is the highest stress job on the planet, with McCain already revealing he’s got the grumpy grandpa factor, which has been hinted about for years from Senate colleagues. So a president taking office at 72 should pass the fitness test, much more so than a John F. Kennedy or an F.D.R. We shouldn’t apologize for demanding it either.

But what about the health test? The ad above has been rejected by tv outlets that are refusing to air it, even though it offers expert medical testimony. No one wants to raise these issue against John McCain, which is a lot like what people felt about F.D.R. and J.F.K. People want to protect our heroes. That’s natural, but is it in the best interest of this country? Actually, in the light of our history, it’s been proven that our presidents have withstood tremendous health challenges to do great things. However, the other men were much younger than John McCain, which he should have no problem acknowledging. It’s not ageism to demand McCain pass the age and health test, which his years and melanoma raise.

It’s also important to note that Barack Obama and his team have absolutely nothing to do with this ad, which comes from outside, independent groups.

What do you think about the ad above, the subjects of age and health, and whether it’s fair game to ask these questions of John McCain? The ad is running in some states, Nevada being just one of them.

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Iraq Meets Bailout

BY TAYLOR MARSH



What’s on your mind today?

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Obama to McCain: ‘You were wrong.’



From the start of the debate McCain wouldn’t meet Obama’s eye. At the end of it that hadn’t changed, even as Obama gave McCain his due time and again, which the McCain camp has already turned into a video. It was the difference of someone being small, compared to someone revealing his confidence, while showing presidential temperament. On that alone Obama “won” hands down.

Hillary Clinton weighs in:



“Tonight Barack Obama displayed beyond a doubt that he understands both the gravity of the financial crisis facing America, and the challenges we face in Iraq and around the world. Senator McCain offered only more of the same failed policies of the Bush Administration. America deserves better.

“I stood next to Barack Obama in 22 debates and tonight epitomized why millions are joining me in standing with him and working hard to ensure he is the next President of the United States.”

Obama’s goal tonight was to simply become an equal to the “legendary” foreign policy man John McCain. He accomplished that (live blogging here), while showing unending patience with his opponent who continually displayed the politics of condescension, bordering on petulance that is unbecoming of anyone at this level of political prowess. I can’t imagine independents appreciated McCain’s sniping, and I bet they also saw that he was about to pop about half of the time.

McCain needed a win, in my opinion. This was his issue night. He didn’t get it.

Obama needed to stay even with the “legendary foreign policy expert.” He did that and more, while remaining unruffled throughout.

McCain didn’t get the knock out he needed. Obama held his own and showed the right stuff. Plus, McCain looks like yesterday. Obama represents the future. Good night for our side.

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Liveblogging the Debate at Ole Miss


Even though McCain has already declared victory, not to mention that he wouldn’t show up. The debate is about to begin.

Goal for Barack: To look, respond and react as an equal to McCain, but to do so in short bites and know when to shut up. Obama needs to have a response ready for McCain’s Reagan comment (see below).

Goal for McCain: To look like he isn’t 72 years old, while also not sounding condescending to Obama, while trying to pull a Reagan, which means not holding Obama’s youth and experience against him, as Reagan once said.

Let’s get ready…


McCain flunks the handshake moment. Wouldn’t make eye contact with Obama. Obama looks loose. First question on bailout plan. McCain starts out channeling Bush’s dismal demeanor, after mentioning Teddy Kennedy being in the hospital. “…and yes I went back to Washington,” McCain adds. Both candidates give word blizzards that didn’t answer Lehrer’s question at all. “Do you favor this plan?” Take two.

McCain mentions Eisenhower. Wonder if he knew him?

Lehrer is “determined to get” these guys to talk to each other.

Insert McCain platitudes about the American worker and blah-blah-blah. Tired, TIRED responses. … Throws out joke on bears that falls flat. Shows a pen for vetoes. I’m feeling very 1920s about McCain right now.

Obama says earmarks are $18b, while McCain is suggesting $300b for fat cats. Talks about “tax cut for 95% of working families.” Obama has learned something over the months. He’s talking retail, while McCain offers slogans.

McCain was called “the sheriff,” but he was “Miss Congeniality.”

Obama is standing up to McCain, and is now talking directly to him. McCain will not look at him. Obama is strong, again talking retail, economic realities, something he hasn’t been good at in the past. Nailed it tonight.

Lehrer once again asks McCain to TALK TO OBAMA. McCain still won’t do it. He’s facing forward and NOT ENGAGING.

Lehrer asks what the two candidates will “give up” due to the financial crisis. McCain finally scored points when he drew the problems in the military programs, but he cannot talk about anything domestic. Before that he offered yet more slogans. Obama was able to talk about priorities, but still won’t offer CUTS. Lehrer is trying, but both men just won’t be specific.

McCain offers a spending freeze, with only military and veterans affairs included. Obama says “you’re asking for a hatchet when we need a scalpel. Obama then talks about pre-school and other domestic programs. … ding-ding-ding, McCain mentions Senator Clinton on the environment. Was waiting for that one.

McCain on spending. Spending. Spending. It’s obvious he can’t talk policy specifics. All he can offer is talking points on the page in front of him.

Obama speaks up and tags McCain to Bush, voting with him over 90% of the time. McCain respond yet again by saying he’s “not Miss Congeniality,” and he’s a “maverick,” proud to have another maverick with him. That would be Palin.

FINALLY… What are the lessons of Iraq? McCain: “We are winning on Iraq. … We will come home with victory and honor.”

Obama just took McCain apart on Iraq, starting with the fact that it wasn’t wise to go in in the first place. Then he laid McCain out on him saying it would be easy. McCain practically jumped out of his suit on this one, but Obama nailed him to the wall on screwing this up by supporting the war in the first place. Obama also made sure to give credit to the troops as well. Not only is Obama keeping pace with McCain, he’s making point after point on the value of being in Iraq, coupling our national security challenges with Afghanistan.

Afghanistan… Obama: “We can’t separate Afghanistan from Iraq.” Says he would send troops there quickly. There was no al Qaeda before. Moves to Afghanistan and Pakistan as the central front, as Gates has said. TM NOTE: Finally, Central Asia is up front and center. That’s the most pressing danger to the U.S.

McCain: Quotes George Schultz on Pakistan. Blames Obama for attacking Pakistan. Insert “General Petraeus” over and over again. McCain wants to employ the same strategy that was in Iraq in Afghanistan. GOD HELP US.

OH, snap! Obama just landed a blow that has McCain visibly pissed. Obama said on “being prudent,” he basically wouldn’t listen to someone who “sang songs about bombing Iran.” Cha-ching.

McCain links Iraq to Vietnam, admitting, though he didn’t get it, that he’s trying to get victory for the first war from the second. It’s something I always believed about McCain on Iraq. He just admitted it.

McCain talks of a soldier’s mother. Obama responds he has a bracelet too. The mother who gave it to him wants no mother to experience what she has.

At this point McCain is clearly upset. Sniping. Temperament revealed. Not presidential. The other issue is that McCain has been condescending throughout, which is one thing he needed to watch, which he’s failed to do.

Iran… McCain: “It’s a existential threat to Israel” if Iran gets the bomb. “We cannot allow a second holocaust.” Obama: Republican Guard is a terrorist org., which I’ve always said they were. “The single thing that strengthened Iran is the war in Iraq.” Iran’s strength has grown, because of the policy in the last 8 years. We cannot let Iran have a nuclear weapon. It would not only hurt Israel, but the entire region. We will have to “engage in tough direct diplomacy with Iran.”

Obama keeps trying to engage McCain, looking at him, but McCain will not even look in Obama’s direction. It seems obvious to me, McCain is not a happy camper right now and it shows.

On diplomacy, Obama went at McCain using Kissinger, also saying that Ahmadinejad “may not be the most important person in Iran.” That he would reserve the right to meet with anyone as president in order to keep America safe. … .. Mentions the recent gaffe by McCain on Spain. “I don’t even have a seal yet,” snapped McCain.

McCain looks about to blow.

Russia: McCain runs off a lot of issues, pounds on the Ukraine. Obama finally brings this all back to energy, which is where Russia has their power. McCain voted against green energy “23 times” over the years. Energy is linked to national security, says Obama. McCain says Obama is against certain aspects of nuclear energy. Obama says he wants it to be stored safe.

AGAIN, Obama continues to try to personally engage McCain, who will not reciprocate.

Will another 9/11 occur… McCain: “We have a safer nation, but we are not safe.” Invokes Joe Lieberman and bi-partisanship. Obama: “We are safe in some ways. We’ve got a long way to go.” In terms of chemical plants, transits, with suitcase bombs the biggest threat. Millions of dollars on missile defense, which we need, according to Obama, but we’re not spending enough on nuclear proliferation. “We can’t simply be focused on Iraq.” Al Qaeda is now in 60 countries. “How we’re perceived in the world” matters. “We’re less respected,” even though we’re the greatest country on earth. He then gives a nod to McCain on torture, finishing with shining city on a hill. As McCain brings it back to Iraq, after saying missile defense helped end the cold war. Then he goes back to General Petraeus.

Our whole focus has been on Iraq, with bin Laden still out there, Obama adds. Then he mentions China, finally. The first time in the debate this nation, who holds a lot of our debt, has been mentioned.

McCain is insulting Obama, saying he doesn’t have the experience or the judgment. The lack of respect McCain is showing Obama is revealing of his own insecurity. He has shown a side of himself tonight, ungracious and sniping. Obama remained graceful, up beat and presidential throughout, something McCain absolutely was not.

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Sarah Palin Goes Pop!



Kathleen
Parker
sure started storm today.


Palin’s recent interviews with Charles Gibson, Sean Hannity, and now
Katie Couric have all revealed an attractive, earnest, confident candidate.
Who Is Clearly Out Of Her League.

No one hates saying that more than I do. Like so many women, I’ve been
pulling for Palin, wishing her the best, hoping she will perform brilliantly.
I’ve also noticed that I watch her interviews with the held breath of
an anxious parent, my finger poised over the mute button in case it gets too
painful. Unfortunately, it often does. My cringe reflex is exhausted.

Palin filibusters. She repeats words, filling space with deadwood. Cut the
verbiage and there’s not much content there. Here’s but one example
of many from her interview with Hannity: “Well, there is a danger in
allowing some obsessive partisanship to get into the issue that we’re
talking about today. And that’s something that John McCain, too, his
track record, proving that he can work both sides of the aisle, he can surpass
the partisanship that must be surpassed to deal with an issue like this.”…

Now, I took a lot of flack for calling Palin out at the start. But it’s not sexist to call a dim bulb a dim bulb when it’s true. I was also incensed
that McCain & Co. thought they could trade on Hillary’s bona fides and political prowess, betting they could get votes just
because Palin was a chick.

Palin’s perfectly scripted convention speech
couldn’t hold her until November. Though McCain’s people should never have traipsed
her out to meet and greet and hug and kiss world leaders. It upped the bar on
a woman who simply cannot reach it. Slow and steady might have protected Palin
until she could have gotten up to speed, though it’s obvious she’s not equipped at present to get out of first gear. But with McCain’s campaign losing altitude,
no one could be bothered with the details that are now coming back to bite them.

Now the “Palin problem” has now gone wide.

Politico:
GOP concerned about Palin.


Tony Fabrizio, a GOP strategist, says Palin’s recent CBS appearance
isn’t disqualifying but is certainly alarming. “You can’t
continue to have interviews like that and not take on water.”

“I have not been blown away by the interviews from her, but at the
same time I haven’t come away from them thinking she doesn’t know
s—t,” said Chris Lacivita, a GOP strategist. “But she ain’t
Dick Cheney, nor Joe Biden and definitely not Hillary Clinton.”

CNN
Political Ticker
has also picked it up: “Palin should step down, conservative
commentator says.”

Step down? Not a chance. Besides, if you think things look bleak for McCain
today, without Palin the last couple of weeks McCain would be DOA.

That gives you an idea just how bad things are for the Republicans. If they actually need Sarah Palin, Republicans really are in far more trouble than they know. That said, this isn’t over. If McCain can throw two Hail Marys, expect a third, with a little help from Bush, no doubt.

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Blinked? McCain’s Debate Gamble turns into Colossal Collapse

BY TAYLOR MARSH

If I didn’t have such a new disrespect for John McCain, I’d almost feel sorry
for him. Nah. On this one he got what he deserved. Republicans are
not
holding back
either:


The whole episode left even conservatives admitting that the McCain campaign
looked erratic and a bit foolish with no apparent direction or guiding principle.

“It just proves his campaign is governed by tactics and not ideology,”
said Republican consultant Craig Shirley, who advised McCain earlier in this
cycle. “In the end, he blinked and Obama did not. The ‘steady hand in
a storm’ argument looks now to more favor Obama, not McCain.”

Shirley added, “My guess is that plasma units are rushing to the McCain
campaign as we speak to replace the blood flowing there from the fights among
the staff.”

Given his plummeting poll numbers and his disadvantage on economic issues,
the stunt to run back to Washington to save the day was a worthy gamble for
McCain. How he handled it from the decision to go back was catastrophically stupid. Where he went overboard
was by threatening to bail on the debate, which set McCain up for nothing but
political humiliation, because he absolutely had to show up tonight. That he
thought Obama would miss the debate over his bullying is absurd. He obviously
underestimated his opponent, which is always a bad move. But if the last year plus has shown us anything about Obama it’s that he’s a tough strategic fighter. If he can finally transfer that into a tough, focused debate performance tonight he’ll be one step closer to widening his lead, which he’ll need on election day.

So imagine my delight today listening to Rush, waiting for the plan to be
hatched that would get McCain off the hook, at least with Republican voters.
Because if they become demoralized they won’t show up to vote. Right-wing radio
has the daunting task of keeping the base energized enough to work and vote
for McCain, thinking there’s a chance, otherwise we’re at a tipping point in
this election cycle where the bottom falls out of McCain’s campaign. But this
morning was particularly interesting, because with the bailout plan in shambles
and everyone pointing a finger at McCain, some way, some how, El Rushbo had
to get his guy out of the line of fire.

This is how yesterday played out, accordingly to Rush’s, ahem, “source
inside the Obama campaign.” Obama, according the Rush, followed McCain
to Washington, but once he got there he didn’t know what was going on with House
Republicans. Someone on Obama’s staff emailed talking points to him that included
the Republican plan that was to replace Paulson’s. The talking points emailed
to Obama were compliments, according to Rush, of someone at Goldman Sachs. So
when Obama spoke at the White House meeting yesterday, he mentioned the House
plan to Paulson, who stated he wasn’t crazy about it. Boehner evidently immediately
felt he was being “ganged up on,” opined Rush, so it wasn’t long after
that when things blew up. All because of … –wait for it– … You guessed
it, Barack Obama. By virtue of Rush’s wingnut deduction and McCain butt covering,
it was Obama who “followed” McCain in, then with notes emailed to
him by a staffer, because you know that Obama isn’t smart enough to figure this
out on his own, Obama used these notes, which were provided by someone at Goldman
Sachs, which happens to be Paulson’s old company, with Obama and Hank Paulson
subsequently ganging up on poor, unsuspecting, righteously right-wing Boehner
and the House Republicans who simply want to save the American people. Hoist
white flag here.

Rush offered a one man pity party for his party. However, the callers I heard
were completely and totally unhinged and no matter what Rush said, woman after
woman called in for reassurance that Obama is “still unelectable.”
By the time Rush was through he was saying that maybe “unelectable”
is going too far, but… and on and on. Oh, and things are so bad he might actually
go back on tv! Let’s face it, one reason he is reluctant is that his heft makes
him less than telegenic, ruining the he-man persona that his fans have dancing
in their heads. Besides, his debate chops haven’t been exercised since before
he became drug free.

But the goal for Republicans today is simple. Try to make Obama the bad guy
for the bailout talks collapsing. Never mind that this is pure and total fiction
and that the main person to blame is John McCain himself.

As for McCain “blinking” and going to the debate, that’s being kind.
After a decent stunt to rush back to Washington, McCain set himself up by challenging Obama to postpone the debate, then not only showed up at the White House with
nothing to say, but had already drawn a line in the sand he most certainly would have to cross.
The fly boy didn’t just blink. He caved completely. If the events of the
last 24 hours came with audio McCain’s
collapse would sound like this
.

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Republicans are so Inspiring… to Comics

BY TAYLOR MARSH



A little Friday afternoon humor, compliments of the Republicans and Wanda Sykes. On Sarah Palin:



“… I’m a feminist, but I’m sorry, that woman is crazy. … We don’t know anything about her. They don’t let her talk. Today they say, oh, she’s meeting with the world leaders. But there’s no reporters. Is she meeting with the world leaders or did you all take her to the Epcot Center? … I’ve done that, maybe I should be secretary of state. … She just got a passport last year. She has been to Mexico. Does this ring a bell? … Are we stupid? … There’s nothing there, absolutely nothing there.”

Consider this an open thread.

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