Because they already do. That ship has sailed. When facts are used to discredit Sarah Palin, emotion trumps facts. The instinct is to defend against the facts. Consider: you meet someone and like him or her on a gut level. A stranger – someone who doesn’t have built-up personal credibility with you – gives you a list of reasons not to like that person. How do you react?
On an emotional level, you want them to be wrong, and you will take every possible favorable inference on the likable person’s behalf. Using facts is pushing a big rock uphill. You might get it to the top with a few voters, but you’re going to expend a lot of energy for only a little return.
There’s a giant disconnect between all the gleeful Democratic claims of this or that magic bullet and the genuine, instant “Blink”-style emotional connection Palin has made with so many voters who see themselves in her. The Sarah Palin Phenomenon is not about facts – it’s about an emotional gut reaction to someone who has charisma and reflects something essentially common and real about themselves.
Emotion is something Republicans have understood for many cycles. George Bush’s Ohio 2004 closing “argument” Ashley ad, which simply featured Bush hugging a teenage girl who’d lost her mom on 9/11, underscored this expertise in emotional messaging. Re-watch that ad and notice the line toward the end: "I saw what I want to see." You can't talk people out of emotional certainty.
To defuse the Sarah Palin Phenomenon, Democrats need to explicitly give voters permission to both like her as a person and then also not vote for her. If I were scripting the pivot, based on my conversations out in the field and away from the bubble of cable news and online analysis, I’d try something like the following (edit: in Biden's debate, in stump speeches or voter-to-voter persuasion and possibly in ads):
“Sarah Palin is very likable. There’s nothing wrong with liking her. But this isn’t a zany sitcom where a friendly, plucky Everywoman with dangerous ignorance on foreign policy gets to be vice president. Americans don't deserve someone too scared to do a press conference. Fun for a TV show, but running the country doesn't permit second and third takes when you mess up the scene."
“The way they sell you her story makes her appealing as a person – and she does seem like a person you’d like to have a beer with – but we’ve already tried that, and this isn’t a game show, where a game show contestant’s knowledge of the world will cut it.”
“Barack Obama will meet John McCain any time, anywhere to have a foreign policy discussion about any area of the globe and any challenge to America. The person John McCain chose to be a heartbeat away from the presidency – Sarah Palin – won’t even have a press conference to answer questions on foreign policy. It’s a fun story about a gutsy, likeable woman that, if it were made into a wacky movie script, we’d all go buy a ticket, but in the real America we can’t play games with people who won’t answer questions about foreign policy. That’s unheard of, and a slap in the face to voters.”
The key is the pivot, and making it as difficult as possible (from a media messaging standpoint) to permit a defensible claim of sexism. Right now the argument is “you shouldn’t like her because she’s a liar/terrible on issues you value” vs. Reality, where people already do like her and know why they do.
For example, a man at Palin's rally in Carson City heatedly told an Obama volunteer in response to his anti-Palin argument, "I don't trust the facts!" Some people hear that and think: "I cannot relate to someone who would say that." I hear it and think: "Defended around emotion and feels under attack." People under attack can't be persuaded. And persuasion is the goal, remember? You can’t reason someone out of his or her feelings. But you can validate those feelings, buy their willingness to listen, and then calmly make your logical case.
9.15.2008
Dems Must Give Voters Explicit Permission To Like Palin
by Sean Quinn @ 8:05 AM...see also palin
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that guy in carson city is why this country is all fucked up.
Pah. You're so lame, sean. You put out an ad which goes: 'she may look good on the outside, but this is what she's really like blah blah blah' - or one that exposes that bridge to nowhere or the ebay plane as complete lies. Job done. It would make enough people think twice about 'liking her'. Otherwise, people will vote for the one the like most and that will be still McPalin.
Beautiful analysis. The text of your script could be used as the voiceover for a (long) ad.
It won't matter anyway. This week there's enough financial turmoil which should play int Obama's hands. Lehman brothers going under, Merrill Lynch being bought up, the stock market sliding. People will have the economy on their minds again.
the problem you guys are finding is that you've attacked her so savagely and from so many false fronts that now people see any new attacks, no matter how valid they may be, and just think "more smears".
my wife has been a lifelong liberal and i've succeeded in opening her eyes to the vitriolic hatred of the left for any ideas that differ from their own. she's voting mccain this year...
hate is not a platform guys
Sean, previous ads about Spiro T. Agnew and Dan Quayle as VP candidates didn't prevent them from being elected. Unless this election really turns out radically different from previous ones, it'll turn on the top of the ticket. The Democrats need to attack McCain on his greatest strength - character. They have to go after him for running a dishonorable, lying campaign, and can cite all sorts of sources including Karl Rove for that. More importantly, they need to go after McCain as having a record of violently bad temper and impulsiveness, such that it would be dangerous to put him in the White House. Exhibit A should be Republican Senator Thad Cochran's comment about being scared of a McCain presidency.
People always vote for the person they emotionally connect to. So good luck with that argument.
The election continues to go McCain's way. And nobody cares about a bunch of complicated financial institutions having complex problems--and if they do they aren't going to blame it on the everyday Hockey Mom they line up around the block to see! ;)
live renats:
You're right, IF the voters trust Obama more with the economy. Some recent polls have shown only a 5% some-odd lead for Obama on the economy (if I remember correctly).
The McCain surge continues! Dems caught flat footed, STILL don't know how to react to Sarah Palin!
The Democrat War Room--brought to it's knees by a mother of five from Wasilla!
@eriq: "hate is not a platform guys"
HAHAHAHAHA!! this is coming from the REPUBLICAN party that devised the "southern strategy?" did you even WATCH the republican convention?
have you SEEN the posts on the internet tubules?
idiot...
Isn't that exactly what Republicans have been trying to do to Obama?
They couldn't match his popular appeal and his ability to inspire people, so they began mocking him as though those very factors made him some sort of fancy pants ivory tower Ay-Leet who eats arugula and thinks European thoughts?
At some stage, though, the party driving Wall Street into the gutter might actually be held accountable for it -- even if people get excited about Sarah of the North for 2 weeks.
On election day the liberals will STILL be trying to figure out how to handle Palin!!
Barack Obama finally puts out a TV ad calling out John McCain for his pathetic turn to flat-out lies and sleaze.
http://link.brightcove.com/services/link/bcpid1185304443/bctid1786848892
On election day, Palin will no longer be the crowd attractor she's been, even neglecting that John McCain has had to lie about how many people have been coming out.
Let's be gracious, though: She had her 2 weeks. Now it's time for people who know something more than charging rape victims for test kits in your weird crystal meth town with the hockey rink debt to get back to work.
That ad is good, but he also needs to have ads with specific lies and the truth, ending with an uplifting message of his program, and how it will benefit all Americans, rather than cynically dividing them.
Your idea founders on two points.
Once some one is well like the facts have to be devastating.
Second The Dems #1 is trying to prove he his more likeable than the Rs #2. Fine so far.
Except Obama has been involved in all kinds of big time shady corrupt deals. His involvement with the ACORN/mortgage breakdown. Rezko. Wright. Ayers. Pfleger ect.
His billion dollars of ear marks to McCain's zero. And no one even knows Biden's totals.
What you are working is how to win the preliminary skirmishing. The Rs are working on how to win the war.
El Cid, I disagree. I see no reason why Palin won't continue to attract large crowds of Religious Right voters, at least. GW is terribly unpopular, but would certainly attract many of those same folks if he were running.
M. Simon, it doesn't matter, because the Republicans will attack Obama on everything including the kitchen sink, anyway, and are even repeatedly lying about everything. Therefore, Obama MUST attack McCain with EVERYTHING, and let the chips fall where they may.
So what will McCain's cabinet look like?
Sean is correct. When McCain chose Palin, the election became all about Palin. Not only do a lot of people like her, but a lot of people WANT to like her. And these people are not separating their feelings about her from (what should theoretically be) a rational analysis of whether she is qualified to be vice president/president.
Not only do attacks on her not work (in the sense of opening people's eyes to "the truth"), but they have the exact opposite effect. They are counterproductive. Attacks on Palin perpetuate the "all about Palin" aspect of the election, and make her supporters even more fervent to defend her. Plus, they make Obama/Biden look defensive and weak, as if they have nothing positive of their own to offer and can only criticize their opponent.
The Logan Act is a United States federal law that forbids unauthorized citizens from negotiating with foreign governments. It was passed in 1799 and last amended in 1994. Violation of the Logan Act is a felony, punishable under federal law with imprisonment of up to three years.
OBAMA TRIED TO STALL GIS' IRAQ WITHDRAWAL
http://www.nypost.com/seven/09152008/postopinion/opedcolumnists/obama_tried_to_stall_gis_iraq_withdrawal_129150.htm
WHILE campaigning in public for a speedy withdrawal of US troops from Iraq, Sen. Barack Obama has tried in private to persuade Iraqi leaders to delay an agreement on a draw-down of the American military presence.
According to Iraqi Foreign Minister Hoshyar Zebari, Obama made his demand for delay a key theme of his discussions with Iraqi leaders in Baghdad in July.
"He asked why we were not prepared to delay an agreement until after the US elections and the formation of a new administration in Washington," Zebari said in an interview.
Obama insisted that Congress should be involved in negotiations on the status of US troops - and that it was in the interests of both sides not to have an agreement negotiated by the Bush administration in its "state of weakness and political confusion."
-snip-
I hate to bust your sweet little horse-race bubble, but methinks current events on Wall Street might have slightly more impact on the race than Dems somehow making a policy out of "allowing voters to like Sarah Palin". Which, by the way, is CLASSIC Dem weakness bullshit. JUST IGNORE HER, let her prove herself to be unworthy of the challenges our country faces right now.
As in, for example, the impending systemic economic collapse. . . wasn't it just last week she didn't even know what kind of institution Fannie & Freddie were?
I've recently discovered this site, and I'm very happy I did. The analysis of the numbers is great, and the author does not let his political views interfere with than analysis. That's integrity.
And now for your post above. This is a common - almost universal - conceit among progressives; that their views are based upon enlightened reason, and that those who disagree are reacting emotionally.
That's false.
Take their reaction to Obama, for example. Looked at objectively, there is nothing about the guy that remotely qualifies him to be President. I'd venture to say that in private, many or most left-of-center commentators would concede this point.
But these same people still advocate for Obama. Why? Because of an irreducible emotional bond. I'm not here talking about the more immature members of the left who do seem to latch onto Obama as a secular Jesus. The bond I'm talking about is more about class and common experience: He's an academic; he speaks in putatively intellectual generalities (when getting more specific would damage him politically), he's so "cosmopolitan," etc. (He's actually closest to Woodrow Wilson, the progressive who turned out to be a warmonger jerk of a President.)
In other words: Hey, he's just like me!
In pattern, that's the same kind of emotional "reasoning" that Palin supporters are employing: She hunts and fishes and has kids. Cool, me too! Therefore, she should be on the Presidential ticket.
I don't doubt that the crazy fundamentalist right will continue to turn out for their shot at the White House (Sarah Palin).
I just don't see the "American Idol" style fascination we endured for the last 2 weeks continuing.
michael: that 5% is better than nothing.
The charge for the rape kit is legislative.
The hockey rink debt was something the voters approved.
You are going to have to prove she was in some way responsible for the meth labs. Not just that they happened.
hate is not a platform guys
Hate is the Republican platform. Common sense is the Democratic platform.
If you don't believe me, just wait until after Obama trounces McCain in the last debate. That's when all the racist dog whistles will start to blow.
The market will go UP slightly today, libs. Sorry, I know you hate good news whether it's in Iraq or the economy. ;)
If Obama would sign a contract that my taxes will never go up during his administration, upon penalty of his resigning the Presidency, then I will vote for him.
If he refuses to do so, I refuse to vote for him.
Many years ago, I liked George Bush as a person more despite not liking his policies, but at least I learned my lesson on that one. Palin's love of pork and lack of knowledge is disturbing. I understand why creationists love her, but I don't understand why anyone else would.
The man who falsely reported that Iranian Jews were having to wear yellow armbands is now writing in the NY Post that Barack Obama rationally asked why U.S. policy in Iraq should be cemented so soon before a crucial election.
Big whoop. Wake me when a real source comes along.
and dan quayle isn't the right analogy for Palin. Geraldine Ferraro is. She got Mondale a bounce of about 16pts to draw level with Reagan (way more than this year's Palin effect). After their convention it was downhill when the Republicans found a legitimate non-gender based line of attack.
I have to disagree with the article. The Obama campaign several days to define Palin before she was able to define herself (via her convention speech). They blew it. Instead of acting, they passively waited for the media to take down Palin via some superfluous taboloid garbage about a pregnant teen daughter. Now they're stuck with a fullblown media phenomenon, which they can only hope might run its course within a few weeks. At this point, the less the dems say about Palin, the better. The more they say about her, the more faux controversies they'll create, thus extending her media stardom. When asked about Palin, they should note only that:
She's unprepared for high national office.
John McCain broke his pledge to select the most prepared individual.
Next topic.
Palin is not the issue.
Focus on McCain.
Who is that idiot saying the market will go up??!! Well let's a wait a few hours. Expect the market to 'pwn' you, Mr. 'Congratulations to president elect mccain'!
M Simon mentions the earmarks that Obama has obtained for Illinois, which I have read comes to something like $22 per Illinois resident, whereas Palin, who is campaigning AGAINST earmarks, built her town's multi-million dollar hockey rink on them and with a town of about 7000 comes to something in the thousands per person.
Problem is two-fold. One, these so-called earmarks represent a very tiny percentage of the Federal budget. You cannot balance the $400+ bilion deficit on their back. I'm 53, and with Social Security looming and a war that won't end, it just cannot be done by getting rid of earmarks, including the ones Palin has gotten for her state as governor. And two, Obama/Biden are not campaigning "against" them as a predominant theme of their campaign. McCain/Palin are.
All this shows is the hypocrisy of Sarah Palin. She campaigns against cronyism, but in the NYT article yesterday, she has used her Wasilla cronies throughout the state government, whenever a position needed to be filled, she filled it from someone she knew in her little town. She believes in teaching abstinence-only sex ed, yet couldn't teach it to her knocked-up daughter. And then she blithely dismisses this as an example that her family looks a lot like other families in America.
Biden/Obama are deeply tied into the mortgage breakdown.
If you start going after McCain you are going to have to prove he was involved.
Go over to Just One Minute and read the comments for the last couple of days. Obama/Biden are deep in the mortgage breakdown goo. Lots of evidence.
Genuinely I think its high time the Obama campaign ignored Sarah Palin. Noone on the Oba,ma Campaign team should even mention her name for the next week. At all. Move on. Actually, noone in the Obama campaign should talk about the McCain-Palin ticket at all. Talk about the voters, there problems, the fear of an (at least mini) Wall Street Crash causes at there kitchen table. Use Biden's line and make this the Kitchen Table election. Just talk about hte fears that have come after 8 years of the Bush administration. 'Its only been 8 years, but by God its been 8 years'. 'A change of names won't do, we need a change in policy.' 'This guy has 9 houses, you are worried about the one you own, how on earth can he feel your pain?'
Its time for Obama to rise above the fight, and this is a good opportunity to do so, and bring the election back to the issues. Obama wins an issues campaign, McCain wins a trivia campaign.
Zokar, it's so odd that you pick Woodrow Wilson, the racist supporter of LYNCHING, as most similar to Obama.
Neither in public nor in private would I suggest that Obama isn't qualified to be President. On balance, more experience would seem to be better, and I would actually agree with that, but the history of U.S. Presidents doesn't show any clear relationship between quality and previous experience in office. What's much more important to me is what he has advocated, what McCain has advocated, and what the two are campaigning on. I also do believe that temperament (as I mentioned above) is a significant issue. Obama may prove to be trigger-happy, but McCain has shown much clearer evidence of being trigger-happy, considering their respective statements and policies.
Live renats I know you're praying for a 1929 collapse but it ain't gonna happen. I expect the market will be essentially unchanged at the end of the day, or even up slightly. There won't be any big crash that you're praying for to save the campaign of your Messiah.
Who do you think should be in McCain's cabinet? I'm thinking Lieberman for Secretary of State, as the bi-partisan pick.
Fannie May and Freddie Mac had a huge political slush fund.
ACORN is a known voter fraud organization. Obama is deep in it with ACORN.
You guys are working tactics. McCain has a strategy.
Obama can't address the real failure because the Democrats are just as implicated.
Especially the whole Fannie Mae thing , which is the Democrat's Enron. Fannie Mae has been collapsing the entire decade.
Through this whole time frame, Industry, the Fed, the White House, The Treasury ALL of them try to get reform passed through Congress.. Yet somehow Congress always gets blocked. These stories dont go into a lot of details as to why they get blocked, it seems like it’s fairly typical and annoying thing when it does, but the consistant theme running through this is that the Democrats shield any action from taking place againt Fannnie Mae because of cries about housing for the poor.
Well thank you for your compassion because now we’re all going to poor.
When the full facts come out about this, this nation might be in a revolt.
Fannie Mayhem: A History
September 8, 2008 8:41 p.m.
http://online.wsj.com/article/SB1014169323358510560.html?mod=Extra
• Fannie Mae Enron? 02/20/02 – Fan and Fred look like poorly run hedge funds: lots of leverage and snarkily hedged risk. Does the word Enron ring any bells?
WSJ notices the debt for FM is going up a lot
• Frantic Fannie 02/28/02 – Companies taking on so much risk and debt, and backed by taxpayers, ought to be more transparent in what they tell the world.
Responding to last week The two biggest U.S. mortgage holders hit the airwaves to denounce us, accused us of bias against “housing”
Ancedote of Rep Chairman wanting to hold hearings, Dem Rep shutting that down
• Inside Fannie 03/19/02 – Fan and Fred don’t function like other companies. They’re allowed to pile up debt, implicitly guaranteed by taxpayers, without being held to even the minimum of corporate governance standards.
• Fannie’s Inside Info 07/01/02 – Even in this post-Enron world, Fan and Fred do not provide as much information about these securities as private mortgage lenders do.
• Fannie Capitulates, Sort Of 07/15/02 – Fannie Mae and Freddie Mac end months of resistance, stonewalling and downright crankiness and agree to register their common stock with the Securities and Exchange Commission.
• Fannie Mae’s Risky Business 09/23/02 – We’ve been suggesting that Fannie Mae was exposed to too much interest-rate risk. All of a sudden investors seem to agree with us.
• Fan and Fred Get the Business 02/19/03 – The year has not started auspiciously for the two mortgage-finance behemoths.
• Speaking Truth to Fannie 03/12/03 – The president of the Federal Reserve Bank of St. Louis warns of a potential crisis arising from Fannie Mae and Freddie Mac.
• Fannie Takes the Hill 10/09/03 – When the House of Representatives can’t get even a modest regulatory bill out of committee, the dangers of Fannie Mae become clear in reality.
Notes that efforts by Committee chair keeps getting blocked, but doens’t say why
• White House Fannie Pack 11/11/03 – White House chief economist N. Gregory Mankiw dares to tell the truth about Fannie Mae and Freddie Mac. The mortgage giants were not amused, which means we’re getting somewhere.
WH attacked by Barney Frank for being against “housing”
• Christmas for Fannie Mae 12/23/03 – The Federal Reserve Board releases a new staff study about the impact of taxpayer subsidies for Fannie Mae and Freddie Mac.
So no wonder the companies are fighting so hard to block the Bush Administration’s effort to more thoroughly monitor and supervise their risk-taking
• Fannie’s Risky Business 02/25/04 – Alan Greenspan putshis credibility behind the cause of reforming Fannie Mae and Freddie Mac.
• Fannie Uncovered 09/23/04 – The housing-finance giant has been engaging in some accounting funny business.
• Fannie Mae Enron? 10/04/04 – The company was cooking the books. Big time.
The target EPS for maximum payout was $3.23 and Fannie reported exactly . . . $3.2309. This bull’s-eye was worth $1.932 million to then-CEO James Johnson, $1.19 million to then-CEO-designate Franklin Raines, and $779,625 to then-Vice Chairman Jamie Gorelick.
• Fannie Mae Liberals 10/14/04 – There were many moments of high entertainment during the House hearings on Fannie Mae’s creative accounting. But our favorite was the Mister Magoo performance given by Barney Frank (D., Massachusetts).
Mr. Frank chided Fannie CEO Frank Raines and CFO Tim Howard, saying, “At the level of compensation you get, we ought to be able to count on you to do your very best without additional incentives.” (THIS AFTER LEARNING ABOUT MILLIONS IN FRAUD!!! we were counting on you??!!?!? WTF)
the good liberals in the Congressional Black Caucus. Members of this group are often the loudest defenders of Fannie and her brother, Freddie Mac. Can it be that the annual donations made by the Fannie Mae Foundation to the Caucus have blurred their vision too?
Maxine Waters (D., California) cooed all over Mr. Raines, and Clay Lacy (D., Missouri) played the race card by calling the hearings a “political lynching” of Mr. Raines, who is African-American
The default position for Fannie’s defenders is that the giant mortgage finance company provides more affordable housing.
Fan and Fred’s Congressional sympathizers (including some of the same Members who lavished valentines over Fan last week) sent a letter to HUD complaining against the new quotas
The evidence is overwhelming that Fannie only pretends to be a tribune of the poor.
• Fannie the Centaur 12/17/04 – Understanding their half-man, half-beast nature is crucial to fixing Fannie Mae and Freddie Mac in the wake of their recent financial scandals.
• Fannie Turns a Page 12/23/04 – Fannie Mae – a slick, semiprivate firm operating with the patronage of politicians – is the kind of institution one still expects to find in a country like France.
• Fannie’s Friends on the Hill 05/09/05 – Congress finally seemed ready to protect taxpayers from Fannie Mae and Freddie Mac. Then Republican Mike Oxley decided to ride to their rescue.
We should have known the two mortgage giants wouldn’t change without a fight. Their new, post-scandal, executives are talking a nice, cooperative game. But their allies in the homebuilding trades are deluging Congress with the usual fears that reining in Fan and Fred will hurt home ownership. They’re even playing the race card, as in the email we received from Mary Mancera of the National Association of Hispanic Real Estate Professionals. “Reform Proposals Will Limit Latinos Access to Homeownership,” she declared, apparently with a straight face.
At a recent Senate hearing, the best New York’s Chuck Schumer could do on the point is browbeat Mr. Greenspan with studies disputing a Fed study showing that even the implicit government guarantee for Fan and Fred hardly lowers mortgage rates at all.
. Mr. Schumer and other politicians are in it for the campaign contributions, and it is especially amusing to see liberals fight for MBS portfolios that merely enrich already rich Fannie executives.
We hope the Bush Administration and Republicans on the Senate Banking Committee don’t flinch the way House Republicans have.
• Fannie Mae’s House 10/25/05 – Every Congressional session can be counted on to produce its share of bad bills. But the “reform” bill for Fannie Mae and Freddie Mac is in a class of its own.
The bill’s new “affordable housing” fund confiscates potentially billions of dollars of the profits of these nominally private companies to finance the pet projects of Barney Frank and other Democrats. This sort of targeted profits tax is not only a bad idea in its own right but also gives Members of Congress an even greater stake in opposing any reform that might dent that profit stream. That is precisely why it is being promoted by the homebuilder lobby and others who benefit from Fannie subsidies.
Chairman Oxley seems oblivious to all this, focusing instead on raising PAC contributions and showing he can pass a bill by giving Mr. Frank whatever he wants.
The sad political truth is that a Democratic Congress probably couldn’t pass this stinker without being accused (accurately) of promoting state socialism. That an ostensibly conservative House will pass it is another embarrassment for Republican governance.
• Freddie’s Friends on the Hill 04/27/06 – The Federal Election Commission sheds some light on how Freddie Mac rewards its friends.
The Bush Administration has been forceful in calling for Congress to reform how Fannie and Freddie are regulated and run. But if it wants its effort to succeed, it is going to have to show Fan and Fred and their friends on the Hill that Treasury will act if Congress doesn’t.
• Memo to Fannie 06/14/06 – A joke in Washington these days goes like this: “What’s the difference between Enron and Fannie Mae? Answer: The guys at Enron have been convicted.”
Mr. Quarles said the Administration would prefer that Congress act to give a new regulatory body that power instead. But Fannie and Freddie and their political allies — the homebuilders especially — have been lobbying furiously to stop such reform legislation. So Treasury is telling the mortgage giants that even if they keep blocking reform, the Administration can achieve the same results administratively.
• The Fannie Tax 04/12/07 – Democrat Barney Frank and the Bush Administration seem to have found common ground on new rules for Fannie Mae and Freddie Mac. Naturally, there’s a catch.
The bad news is that Mr. Frank is an expensive date, and his price for tolerating reform of his favorite corporate giants is dunning them for mega-bucks in the name of “affordable housing.” His bill would tax Fannie and Freddie to the tune of 1.2 basis points of their total book of business — or just over 1/100th of 1% of all the mortgages Fannie and Freddie have bought and packaged to sell to investors. That’s more than $500 million a year, with potential to grow.
• Freddie Krueger Mac 05/10/07 – Just when you think they’re defeated, Fannie Mae and Freddie Mac arise in Congress to kill any attempt to clean up their dangerous habits.
The four Members fronting for the scandal-plagued companies are Democrats Melissa Bean (Illinois) and Dennis Moore (Kansas) and Republicans Gary Miller (California) and Randy Neugebauer (Texas). They prove that corporate socialism isn’t partisan, and no doubt they’ll be handsomely rewarded with campaign contributions if their amendment succeeds.
• Fannie to the Rescue? 09/29/07 – Fannie and Freddie went up the Hill to fetch a pail of money.
• Fannie More 10/23/07 – Barney Frank and Chuck Schumer have come up with a proposal that would increase the risk to taxpayers from Fannie Mae and Freddie Mac.
• Fannie Mayhem 11/20/07 – Chuck Schumer is lucky Congress ignored his idea that Fannie Mae and Freddie Mac should ride to the rescue of the housing market.
• Too Political to Fail 04/21/08 – Fannie Mae and Freddie Mac aren’t held to the same standards of accountability as everyone else.
• The Price of Fannie Mae 07/10/08 – It’s time Americans understood the price they could soon pay for the Beltway’s confidence game with these high-risk “government-sponsored enterprises.”
• Fannie Mae Ugly 07/12/08 – Investors continued to flee Fannie Mae and Freddie Mac almost as frantically as the political class tried to reassure everybody there was nothing to worry about.
• Paulson’s Fannie Test 07/15/08 – Does Hank Paulson want to leave the U.S. financial system better than he found it? That’s his test in the wake of his commitment to use taxpayer money to rescue Fannie Mae and Freddie Mac.
• Fannie and Freddie’s Enablers 07/21/08 – The same folks who put taxpayers on the hook for Fannie Mae and Freddie Mac are now demanding ransom to let taxpayers bail them out.
• Fannie Mae’s Political Immunity07/29/08 –Congress sets the rules in favor of Fan and Fred, which then repay the Members with cash from their rigged profit stream.
• When Henry Met Fannie 08/19/08 — That taxpayer capital injection looks closer all the time.
• Weekend at Henry’s 09/08/08 — Propping up the living dead at Fannie Mae and Freddie Mac
Fannie May and Freddie Mac gave lots of $$$ to ACORN.
Live Renats, the problem with Ferraro as analogous to Palin is that Mondale - much as I considered him the morally superior candidate - had essentially no chance of winning against a hugely popular incumbent.
Bullsh*t. You don't have to prove McCain 'was involved' in this mortgage breakdown.
You just have to point out his ravenous support for the idiot whose continued Republican policies of anti-regulation facilitated it: George W. Bush Jr. and the entire Republican policy.
But, yeah, if Republicans want to pursue the fake 'voter fraud' issue, I heartily encourage them. That'll help Democrats immensely.
The Palin story is really very interesting.
The GOP realized none of their wedge/distraction issues would really work this year. it would seem silly for McCain to bring up abortion and flag burning when that's been tried so many times and we have bigger fish to fry this year.
So enter Palin, stage right. She's great. a personification of all the wedge/distraction issues. how can we possibly not talk about her and all her personal wedge issues? she's so shiny and distracting!
This is a perfect example of how the GOP took Phillipa Foot's 1967 paper, "abortion and the doctrine of double effect" to heart.
For anybody who hasn't heard of the "trolley problem," i would really suggest you try it out. See what is fascinating about this moral dilemma is that there are a lot of people who will find themselves making two completely different decisions for what amounts to the same problem, merely because it has been posed differently. Even after knowing both versions of the problem, and seeing them right in front of themselves, many people will still see two clear and distinct ways to respond. why is that exactly?
The guys over at WNYC's Radiolab have a very good idea about it. its this: If you have a moral dilemma that can be framed in a way so that hundreds of thousands of generations of your ancestors could have also understood it, a strong instinctive racial memory of that type of dilemma will guide you. for example, its very difficult and you just feel it is "wrong" to push a guy off a tree to his death. yet not so much of a problem to approve of and defend a war that has killed millions of people for no good reason at all.
Republicans are adept at framing problems in such a way so as to make it into a "chimp brain" moral dilemma.
abortion is a good example, because abortions went down under the clinton administration, but under clinton there was still choice. right wing anti-choicers do not want there to be any choice, even though in countries where there is no legal choice, abortions are much more frequent. it doesn't matter to these people what the end results are. they just don't want anybody to have a choice. That does seem illogical, but to a chimp brain, it seems morally correct.
The trick then is to take away the framing that the right wing machine applies so as to sidestep the emotional chimp brain, and let the modern mind have a look at it.
So Sean has a very good point here, which is to get the chimp brain out of the picture when it comes to palin.
references: "the trolley problem" can be googled. its published in many websites.
The radio show on morality poses the trolly problem and other things and is great t listen to... check it out at http://www.wnyc.org/shows/radiolab/episodes/2006/04/28
And, yeah, if I were John McCain I too would back OPERATION: The Last 7.5 Years Of Republican Leadership In Washington Never, Ever Happened too.
But I don't think it will work. Now that Wall Street is experiencing the fruits of Republican reform directly.
Zokar: "Take their reaction to Obama, for example. Looked at objectively, there is nothing about the guy that remotely qualifies him to be President. I'd venture to say that in private, many or most left-of-center commentators would concede this point."
Good point, but Obama has proven himself over the months of the campaign. Dozens of public debates, hundreds of interviews and many detailed position papers on his website has qualified him. Hell, he even allowed an interview with O'liely.
Palin's people cringed at Charlie Gibson... she doesn't have what it takes. Her ignorance is scary.
Ok, Sean, but there is more to it than that. If your theory is true, and the likeability factor is everything, then Richard Nixon should never have become President.
Think of it this way:
You meet and feel enthusiastic about a new friendship with X. Then Y, whom you know but feel neutral about, tells you that X is dishonest, a con-artist and schemer.
Then X asks you to join her in a business deal which could net you a tidy profit, but it totally depends on what X is telling you being true. Y provides you with irrefutable facts demonstrating that X has been less than honest with you about some of her business claims
Would you invest some of your hard-earned savings with X, after what Y told you, even if you "liked" X more than Y? Unless you are an absolute idiot, you would keep your money in the bank.
So "liking" someone is not the same as voting for them. Liking and supporting someone with your vote (or your money) are not the same thing.
I would suggest that "liking" someone makes you think seriously about voting for them, but it is not enough on its own to close the deal.
Both liking and supporting came together in Ronald Reagan, but a lot of people voted for Richard Nixon without any liking whatsoever for the man. Nixon stole more votes from the Democrats in 1972 than Reagan did in 1988! Voters probably felt that Hubert Humphrey or George McGovern were far more likeable as people.
That being said, it is a good tactical point for the Democrats. Indeed, both Obama and Biden have said nice things about Palin. The nasties have come mostly from the MSM and blogs. Obama's attack ads are mostly about McCain or about both together.
Vince, McCain has been in Congress a lot longer than Obama. Obama can attack McCain for anything the Congress did or didn't do while he was there, if he didn't act in opposition at the time. The Democrats are also implicated in the Iraq War Resolution, so are you suggesting Obama can't attack McCain on that, either? Wrong.
congratulationspresidentmccain,
The only time McCain will have a secretary of state in his cabinet is if Colin Powell stops by for a quick drink. Mind you he better read the invitation carefully, to check that he got the right house!
are there any adults here or just hyperpartisan shills?
M Simon mentions the earmarks that Obama has obtained for Illinois,
Nope all the earmarks he has voted in favor of. Log rolling. And Joe B. is even deeper in it.
What the O team has to work on is Corruption Eruptions.
Lots more to come.
O/B will be painted as corrupt politicians.
The "Barack Obama will meet John McCain any time, anywhere to have a foreign policy discussion about any area of the globe and any challenge to America." would be suicidal, considering the flip-flop over doing town hall styles meetings with McCain.
The wingnuts have turned this into a really unpleasant place to visit.
Vince, there are a lot of hyperpartisan shills here, as you say. I'm just too tired to read the whole article you pasted, but I did skip through it, it's interesting, and I appreciate it. The truth is, both parties are responsible for the mess the country and world are in. In general, though, although Congress has much to answer for because it's behaved like spineless cowards in caving in to GW on everything important, the prime mover behind most U.S. policies in the last 7+ years has been GW, with support from McCain in most cases for the last x-number of years since he turned to the right.
If the polls don`t start moving towards Obama after the financial events this week I would say he will lose because it will be obvious people don`t care about issues.
The reason the Palin pick is so important as showing his poor judgement is that it is quite likely that McCain may not live through a first term or at least will get incapacitated and a totally unprepared person would be thrust upon us.
I actually heard some idiot on the radio say that we owe the presidency to McCain because of all the suffering he did for us. He also said that Obama is young and in 20 years he could still become president.
Ferraro -Palin. It's the most analogous situation. It disproves the idea that you don't attack a VP, especially when the VP is directly responsible for the top guy's rise in the polls, and the idea that 'likeability' is a constant. Ferraro was clearly well-liked at one stage and that disappeared as Republican attacks on her tax records (a substantive issue, which Mondale hadn't vetted properly) took hold.
They just hope that if they go to every site and keep repeating Republican talking points that it will have some effect.
They're not interested in the factual part of the site -- even though right now it favors John McCain.
It's just about coming on here and screaming the latest Hannity-approved 'buh wait until Amurkans here how Barack Obama spit on some soldier I heard it from some guy' story.
Palin's State got earmarks. She didn't vote for them.
O/B did.
Mac - zero earmarks.
It is not the money. It is the corruption. Campaign kickbacks.
Michelle's salary goes up. UC hospital gets $1 million.
The idiocy is beginning early today:
Eriq unbelievably claims that hatred of Palin by the left is a reason to vote against Obama, thus ignoring a long and sustained smear campaign by the right attacking Obama's religion, patriotism, authenticity, etc.
Zokar has Obama as unqualified despite having a solid grasp of the issues, being a sitting senator, and having spent a decade and a half in elected office.
Frank must make over $200,000 a year -- or else he has a ridiculous double-standard. Obama is on record as supporting middle-class tax cuts that independent organizations confirm would help average families more than McCain's, yet Frank doesn't want McCain to sign a pledge not to raise his taxes.
Vincep1974 and m. Simon must not have access to the news, as they seem not to realize that a couple of MAJOR private-sector financial firms with fewer ties to the federal government (Merrill Lynch and Lehman Brothers) seem to be in serious trouble today. It's far easier to ignore facts that don't fit your narrative though, isn't it?
It's nice that m. simon is terribly worried about earmarks, which in total make up a tiny fraction of the total federal budget. Those of us with perspective and knowledge might suggest paying attention to the DoD's budget or the cost of the war in Iraq, both of which dwarf total earmark expenditures by a couple orders of magnitude.
Whoever said Obama's team should stop talking about McCain and Palin is right. Just refer to them as our Republican rivals. Keep hammering home that they are Republicans. Surely people are smart enough to make the connection with Bush.
Are You in sane??? Obama doesn't need ACORN, they were busy trying to make us true-blue volunteers look bad..That's right My Ohio community organizer self who collected 352 reg. voters (w/ my awesome volunteers). there wasn't one day that went by that we weren't out there fighting against ACORN doing nothing BUT making us look bad for not turning in their voter reg. cards...So don't try that association this time!
Also, I've decided to take back the American flag as a symbol for us community-organizing Independents...You right wingers can have back the Confederate flag 'cause You've definitely devolved in to racist bigots!
~Special council for the Trees
The reason the Palin pick is so important as showing his poor judgement is that it is quite likely that McCain may not live through a first term...
Don't tease me dude.
It's McCain's campaign goal to try & focus all discussions of questionable budget matters, cronyism, and pork into an "earmarks" question, simply because it's one minor procedure which can easily be gotten around.
Mr. Keating 5 learned how to be a bit more slippery with his allocations of federal largesse.
But, then, being exposed for helping destroy an entire sector of our banking system can do that to you as a politician.
Come on Sean!!! Stick to numbers. You are not a political strategist. Merrill and Lehman went down, AIG and WaMu seems to be next. FEMA failed again in it's response to hurricane Ike. That blabbering beauty queen got on every NATO country's nerves by saying what she said about Georgia (the correct answer was; "we would favor a NATO enlargement but we have to take member countries' concerns seriously" and to the next question about war with Russia "I wouldn't want to speculate on a hypothetical scenario Chaaaarleeeeiii" would be quite enough.) Been there done that bought the t-shirt; we had one likable blabbering idiot governing the country. We don't need another one. Numbers. Your. Friend.
It is not the $$s of earmarks that will be the issue. It is the kickbacks.
Isn't there a filibuster rule here? VinceP? Whaaaat? You want people to read that, or are you just filling up the comment space?
In any case, here's the "emotion" that some of the people I know have. Anger. Angry that they can't even consider voting for the old man any more, not so much because they dislike Palin but because her incompetence combined with his high health risk (age, cancer) mean that chooseing McCain is no longer a "safe" option.
And that anger then turns to fear. Not that Palin might truly take over the government with her ultraright ideology, but because the government has been so incompetently managed for the last 7 years in the face of huge challenges both foreign and domestic that an innocent in the White House might throw the country into a tailspin -- even if she were only the VP.
The Lehman Brothers Bank is out.
dario, do you think we don't know?
Since 1989, Lehman Brothers’s employees and political action committee have given $9.2 million to federal candidates, parties and political action committees, with 54 percent of that going to Democrats. In the current Congress, 271 lawmakers have collected nearly $3 million since 1989, with 72 percent going to Democrats. Democratic presidential candidates and senators Hillary Clinton and Barack Obama top the list of all-time recipients for the company, collecting $410,000 and $395,600 respectively. Sen. Charles Schumer, D-N.Y., a member of both the Senate Banking, Housing and Urban Affairs Committee and the Senate Finance Committee, hauled in $181,450, while Sen. Chris Dodd, chair of the Senate banking committee, has collected $165,800. The top recipient of PAC money from Lehman Brothers has been Rep. Mike Castle (R-Del.), a member of the House Financial Services Committee, which has jurisdiction over banking and the securities industry. Castle has collected $38,500 from Lehman’s PAC since 1993.
As a Democrat, I'll admit to being more worried than I had been last week about Obama's prospects.
As of this week, I'm less worried about Obama's prospects, but increasingly worried about the survival of our economy after 7.5 years of letting the Stun King, Louis George W. Bush Hoover (and my apologies to Herbert Hoover for the negative comparison), drive us into the ground.
Michael,
In mentioning Woodrow Wilson, the point I was trying to make was: Just because a guy has a PhD. (or in Obama's case, is an accomplished academic), doesn't mean he's - as the kids today like to say - "all that."
But in light of your point that Wilson supported lynching - something obviously not in Obama's moral universe - you're correct, I should have left Wilson out of it.
all i'm saying is, the simpleton logic of "Bush in white house means he gets blamed" is wrong
and providing these facts and figures was my way of saying that
Sean, I generally find your commentary to be insightful, but you are soooo wrong with this one.
The vast majority of people who have formed a deep emotional bond with Sarah Palin will NEVER be persuaded to vote for Obama. They were, until McCain tapped Palin, disgruntled Republicans who 1) felt lingering shame over the mess the contry is in due to their man Bush's administration and 2) were deeply ambivalent about John McCain.
Along comes Sarah.
Suddenly they have permission to unleash all of their pent-up emotions regarding the election, and the fact that a liberal negro seemed to be an inevitable president. But no! Now they have their avatar! It's OKAY to be a Bush Republican again, because damn it SHE'S NOT BUSH (even if her appeal is almost exacty the same as his). Now it's okay again to indulge in those deep resentments and expunge that awful sense of guilt...because it's FUN again. Hockey mom! Pit bulls! Lipstick! Watch the liberals squirm!
This election is all about firing up the base. Going soft on the Republican ticket now will only fire up the knuckledraggers on the right and depress the Democratic spear-carriers. Time to strap it on and bash the hell out of Palin with humor regarding her redneck roots, but also outrage at the idea that McCain could have the nerve to pick this nonentity as a potential President. Light up both sides...and the Democrats have the better shot, due to the demographics of 2008.
It's the battle McCain chose. Take it to him and beat the bastrads at their own game.
And although I admire Republicans for the discipline to fervently go out and try and blame, in full Sean Hannity style, the 'Democrat Congress' for Wall Street's verge on collapse, but fortunately I just don't think it's going to carry beyond Marching Moron Radio.
'Buck stops here', vince.
People who released pent-up emotions upon encountering Sarah Palin were never, ever, ever going to vote for Obama anyway.
There are more Democrats and Democratic leaners than Republicans. I'm not worried about how many right wing, fundamentalist nuts get loose in the bowels for Princess Palin, Queen of Wasilla.
El Cid: that's it. Worry, fear that the economy will go to hell and nobody in office will have a clue what to do. Another 4 years of W, whehter it's McCain or Palin, is unthinkable. So even people who had some reservations about Obama are going to have to think very hard because they bet their future on McCain-Palin.
Monday's new Rasmussen poll: McCain now only +2
I expect the market will be essentially unchanged at the end of the day, or even up slightly. There won't be any big crash that you're praying for to save the campaign of your Messiah.
And if this happens, will we have Sarah Palin, blessed be Her name, to thank?
Who do you think should be in McCain's cabinet?
George W. Bush? Cheney? Rove?
(Sorry, but I had to feed the troll!)
Folks, Ras is 49-47
Coming out at 3: VA, CO, PA, OH, FL
Zokar, I agree that there are plenty of dumb people with Ph.D.'s, and plenty more who are smart but would make highly ineffective Presidents. But right now, having had a real idiot for the last 8 years, someone smart seems like a good idea to me, if perhaps not to you.
Juris, people also will have to weigh whether to go with the new guy in a time of serious crisis - that is the countereffect for the GOP from this crisis. I"m not saying which one will overwhelm the other - it depends on how the campaigns deal with this in the next few days and weeks ahead.
You can bludgeon a VP candidate like a baby seal but it gets you absolutely no where in November. The game is won on the field and no matter how many beer cans successfully find their target of the cheerleaders on the sideline, it won't change the outcome.
Michael,
Do you really think McCain is stupid? Seriously?
I understand that you dont agree with his policies, but he's not stupid, boss.
For example, a man at Palin's rally in Carson City heatedly told an Obama volunteer in response to his anti-Palin argument, "I don't trust the facts!"
Did those facts include Trig being her husbands son by way of her daughter? Was the fact that she flew from Texas to Alaska whilst undergoing labor mentioned? Was the cruciual fact of naming kids after witches on TV spoken? Did the man in Carson City dare distrust the fact that she was a member of Alaskan Independence Party?
Maybe people trust their gut instincts for Palin over "facts" against Palin, because their instinct has proved to be more correct over the past few days than a lot of the "facts".
If Democrats concentrate right now on tying Republicans to the effects of their own policies, it will have an effect.
Fortunately, after last week I think the Democrats have gotten past the stage of thinking John McCain was some sort of honorable leader, after he attacks people for a bill aimed at teaching young kids to protect themselves from sexual predators.
Time to strap it on and bash the hell out of Palin with humor regarding her redneck roots,
You think bitter clingers don't vote?
"Palin's State got earmarks. She didn't vote for them.
O/B did."
Yes, Palin's state has received 10x more per person in earmarks than the national average. And she requested them. Hiding behind "oh, but she didn't vote on them, she's not in Congress" is laughable (and I've heard it several times). She asked for them, she's more responsible for them than anyone. And let's not even get into her lobbyist-hiring to request (and receive) 20x the national average for Wasilla.
Oh, but it's not the money, it's the corruption. You've spent too much time buying the BS the Republicans are feeding you about how Palin's earmarks are for "necessary projects" and Obama's are for building himself a house or something else wasteful. It's so stupid.
Geoff: the "new guy" vs. the "very old guy and an incompetent backed by a team of the leading lobbyists and a commitment to Bush's economic policies"? I think we're going to see some shifting going on in the polls in a couple of days.
Cid, that's inflammatory and silly.
It is a legitimate policy question as to whether or not you want parents to teach really young kids (K-5) exclusively about fearing strangers and touching OR if you want the State to do so.
The curriculum taught to K's in that bill was not insubstantial, and putting "lipstick" on it by repeating the "age-appropriate" mantra again and again doesn't avoid the choice outlined above.
Did the man in Carson City dare distrust the fact that she was a member of Alaskan Independence Party?
Her husband was. Not her.
If you are going to fight it helps to have actual facts on your side.
Maybe the man in Carson City saw all the unbelievable smears and has now decided that no facts against her will sway him.
i.e. crying wolf when there is no wolf lets the wolf in the door eventually.
Juris, its still old guy v. new guy.
The bush tail is only a dem talkin point - effective one, but still a partisan arguemnt that may or may not work.
Democracy Pac for America just started SLAMMING mccain like Kerry got slammed - they found a POW to turn on CAiner...pressure rises in campaign - WRight and Muslim youth stories cant be far behind.
No Geoff: the Bush "tail" isn't the ragdoll of a guy. It's his economic policies. That's what McCain is tied to.
Alaska gets more than its share of earmarks because the Federal Government owns most of the land.
i.e. earmarks in lieu of property taxes. Even so she cut back on requests vs. previous admins.
Geoff: It's not inflammatory and silly. Even Karl Rove agrees McCain went too far. Every newspaper in the country described it as vile and disgusting.
Yeah, now that the sleazebag 'Obama wants to molest your child' ad didn't pay off for McCain, it's now somehow wrong and just plain not fun for Democrats and liberals to remind people of the depths to which these Republican scumbags think.
You may want people to forget that McCain came out with a TV commercial attacking people for a bill aimed at teaching very young children to avoid sexual predators, but that's reality, and no amount of hindsight whining is going to stop it.
m.simon. one accepts that not every voter will be able to discern truth and lies in a campaign, but someone with a functioning internet connection ought to have all the facts to hand and be able make an informed choice.
Bush's economic policies are going to get tied to Reid and Pelosi.
Cong has 1/2 the approval of Bush.
Palin was a member of the Alaskan Independence Party, according to interviews with their members.
The GOP talking point, though, is that Sarah Palin couldn't have been a member because she was a registered Republican voter.
Really. That's their argument. Yes. They think you're that stupid.
Juris,
I respectfully disagree. The mistake made by Bush was his failure to control spending in the face of cutting taxes. McCain has pledged to reverse this, and to cut regulatory burdens on small business and increase free trade - something bush has been to whimpy to pursue as well.
Obama, on the other hand, wants to increase taxes overall and increase the government's role in American life. That's because Obama believes government can have a positive role.
Therein lies the question of this election, notwithstanding the McCain is Bush demonization.
I dont think tying anyone to Bush is going to work.
Bush is leaving in a few months.. but who remains? The Democrat Congress.
The way I see it people are fed up with the institutions in this country and they have equal disdain for both parties.
So the party that can get on its kneees in front of the voters, acknoewldge where it has failed and resolve to try to fix things , that will be the party that appeals most to people are incredibly angry at the stupid partisan war.
That is also why I'm trying to tell you Dems that just pointing the finger isn't going to cut. and was showing just how involved the Dems are too
No, Geoff, I wasn't saying that McCain is stupid. I was saying that GW is an idiot. What I'd say about McCain is that his bullheaded support for an indefinite U.S. military presence in Iraq makes no sense, his proposals for INCREASED tax cuts, if passed, would be incredibly destructive, and he has admitted that he knows very little about economics. So while McCain is no idiot, he is unfortunately likely to cause further harm to the country. Whether Obama would be able to successfully stanch the damage is uncertain, but there's never any guarantee of what someone will do once in office or how effectively they will do it. The recent precedent of a highly educated President - Clinton - presiding over budget surpluses and respect around the world could be hopeful, though. (Or perhaps not, because Carter was very smart but ineffectual, so who knows?)
Sean,
you've got it wrong ! Palin will no longer be an issue within 2 days, like her or not. There will be media-fatigue and overexposure. There was an amazing anti-Palin women rally in Anchorage, there will be others. No need for Obama to adress her, she is so polarizing that she is attracting all the negatives and positives by herself. Nobody is giving anybody permission to like or dislike her. Obama needs to focus Mccain and economy, as he is doing. It will be clear the bounce is over once todays polls are out. It will take Nate's model 2 weeks to adjust. BTW HOTLINE has it's trend inverted already: O + 2. Hotline is unadjusted to party ID, given the uncertainties and closeness of this election I believe the party adjusted models to be plainly wrong.
I agree with vincep: simply pointing the finger at Bush Jr., instead of the fundamentally wrong policies of 7.5 years of Republican anti-regulation mania, won't be enough.
opening bell at nyse. should be, erm, interesting.
No Geoff: Bush's economic policies include just just his excessive tax cutting but his "homeowner's society" mantra (look back 2-3 years to some now very laughable "homeoenwer's month" pressers) + his stocking all the regulatory agencies with political hacks + the failure to actually regulate in the public interest.
I was scrolling through these comments and one of them finally pushed me over the edge... it was the guy carping about taxes going up, and that he's going to vote for the guy who won't raise his taxes.
First off, I have a small business with 25 employees, and I can tell you taxes are the least of my concern these days. My biggest problem is the huge cost of employee benefits like health care, and dismal consumer confidence (and don't say a few hundred dollars back on people's taxes is going to do anything about that).
Second: John McCain isn't going to lower anybody's taxes. All the Republicans do is shift the tax burden to localities, and you'll see your property taxes go up, your sales taxes go up, your state taxes go up, and your cost of living going up. And you know who really gets screwed by Republican fiscal plans: small-business owners and their employees. Thank you very much.
el cid: I already showed how the Dems were the ones who blocked any effort to regulate Fannie Mae.. so go ahead with your fantasy if you like
The Gold years (90¨s).
Some of you actually think that American voters are going to think "Pelosi" and "Reid" when they think about the sucky economy? How many voters even know who they are? But they know who GW Bush is, and they know McCain and Bush are both Republicans.
Why are we talking about Obama and PhDs? He doesn't have one. His law degree is more relevant for the Presidency, anyway.
Sean,
The great Ainsley Hayes of The West Wing explained the liberal problem years ago: "The problem isn't that you don't like guns. The problem is that you don't like people who like guns, and I think that's just sad."
Sarah Palin likes guns, and I think it's great to share the country with her. It's fun having learned who she is, how smart and funny she is, and how fierce she can be when defending her own.
She just isn't equipped for the job she want to hold, and her running mate is wrong for the slot he wants, too.
They can't keep us safe. They're holding a free market picnic while vandals pillage the country. They're fantasizing about military adventures while real terrorists and the real Russian Army and the real Chinese Empire are on the march. They're flashing glib one-liners at us when it's time for sober analysis and firm action.
I love the Palin hair, the glasses, the wit, the energy. I love my country--all of it. For that very reason, I want Barack Obama to be our President to make us safe, strong, and honorable again.
There are no clean politicians.
We are given the choice between dirty and dirtier.
It looks like Sens. O/B will get hung with dirtier. If the Rs can make it stick.
So far in the war of personalities MP are on top.
What to look for is an inflection point on "Super Tracker" so far none. That is good for Rs. Bad for Ds.
There are social lags in the system. Data/attitudes take time to traverse friends and relatives. If "Super Tracker" doesn't level off soon the election will be out of reach for Ds.
And we don't yet have a handle on the Bradley effect. If it is 5 points the election is already out of reach. Landslide territory.
Dems should just remind the voters what happened the last time they elected someone they thought was "one of them" and they could "have a beer" with them.
Looks like we will begin to see weekly polls for the swing states from Rasmussen. Makes since!
GO MCCAIN!
Ben: right on. Look at the total tax burden over time. Federal has remained steady or declined, but state and local has increased. A large part of that is just tax shifting through unfunded mandates and from the fact that when you get right down to it the vast majority of ordinary services that we expect from government are provided by our cities, municipalities, and counties.
On Sex Ed, its a legitimate question as to whether the State should be teaching private parts, touching, masturbation and homosexuality to K-5 children, OR, alternatively, if that should be outside the scope of the State and with parents alone. That's a legitimate debate, and crying "predator" and "age-appropriate" doesn't wash that away.
Michael,
I'll try to rebut your arguments one by one:
Indefinite Iraq presence - no, McCAin's position is out by 2013, earlier if conditions on the ground permit.
Increased tax cuts destructive - why, exactly? When an economy is suffering, you'd rather have the goverment, with all of its proven, indisputable inefficiencies, distributing funds than the private sector? If you raise taxes, that reduces the funds available to the private sector to expand and/or stop the cutting of jobs. The issue for me here is that Obama's plan has no backing historically to work in creating jobs. Have some?
3. Economics knowledge: At least McCain was honest - you think Obama really knows so much more about economics than mccain? Recall teh debate when the questioner had to teach obama the undisputed fact that cutting capital gains taxes increased revenue and raising them reduced revenue. He had no idea....
Sean Quinn,
Thanks for the insight. One of the things that I really lie about this site is that you and Nate sometimes piss off either or both sides.
I agree with your points. I am a big McCain fan and have been for 40 years. I do not like Palin's policies and see her as inexperienced, but you have hit the nail on the head.
Those who like in rural or suburban America see her as a kindred spirit. She drives to work, she loves guns and hunting, she has actually had real people jobs prior to getting into politics.
Most importantly MSM, NOW, University Professors, Lawyers are attacking her as hard as they can. So you have someone who you relate to, but dislike her policies, and you have many groups that you detest, attacking her. This is a no brainer, no only for Republicans but for those who were on the fence, capable of leaning either way.
By the way, there are few/none of the latter posting on this site.
>>>congratulationspresidentmccain:
Shhh. The adults are talking.
All this definitive analysis of human nature, American politics style, is both 100% valid...
...and only worth about 3 points in the general election, at best.
What Palin does is call the Democrats out for the accusation that McCain represents a third Bush term.
The right has no problem with that at all, in fact desperately sought *assurance* thast McCain would be exactly that.
Palin is that assurance, and more.
So now it is a base versus base election, with a contest for the independents that the GOP must not only win, but win handily, if the Democrats mobilize their own base to match the fire in the belly of Republicans in the post-convention, post-Palin era.
I tell people on the left - surely, you did not think out of about 100 million possibilities, the Republicans would not find someone who had as much conservative charisma as Obama has with progressives?
And let us not kid ourselves, this race is about swapping out McCain for Palin as the standard bearer for the GOP going forward.
So naturally she is likeable. Naturally she inspires loyalty and devotion. Naturally little things like cutting procedural corners, ignoring flawed court decisions and flouting laws that only help liberal cause is not a problem at all for her or her base.
Don't even bother dwelling on issues such as truthfulness and temper. These are dangerous times! Never mind Iraq, never mind Pakistan, never mind North Korea, Venezuela, Russia and the People's Republic of China.
Democrats are on the move.
That justifies a lot of excuses and a lot of expediencies for a whole lot of people.
You are quite right, Sean.
It is about emotions.
Which is why I tell the left - drop all the 100s of practical, factual to vote blue.
Just come up with one good reason of the heart to do so that ties it all together.
Personally I think the mocking line: "If we care too well for our sick, our seniors and our children the terrorists will win!" is a good start. :)
Good points juris. If only the politicians actually discussed these matters instead of "Obama will destroy the economy w taxes" v. "Mccain is bush and bush is evil"
http://www.usnews.com/articles/news/national/2008/06/03/the-ignorant-american-voter.html
I think this Book and article describe why Palin and the fact that she is totally unprepared for anything does not matter to anybody.
I may have to agree with the naysayers on this analysis. True, democrats have to give permission to like Sarah Palin and the more attacks there are, the worse it is for them. But maybe it is best to stop talking about her altogether. I really didn't like the "this is what you should say" part because a) it was exceedingly long (talking about her too much!) and b) frankly it still sounded condescending bordering on sexist ("zany sitcom" and "wacky movie"?) Well ok for the record I don't think it sounded sexist but it could come off that way to some people, especially the emotional reaction people you're talking about.
Obama and Biden just need to keep hammering the issues. If they can prove themselves to be better on solving real problems, then people will vote for them over McCain/Palin no matter how much they like her. Especially if on November 4th they are reminded about the economy and worried about it (again, this is assuming Obama/Biden have already convinced voters they'd be better for the economy -- that step matters!)
Yes, vincep1974: I saw that you had posted a long list of horse-sh*t intending to put financial problems first under Fannie Mae / Freddie Mac and secondly upon the Democratic Congress. I saw that.
It's a bunch of crap, and people know who's actually been implementing the Bush / Republican anti-regulation approach throughout the economy.
You can keep posting it, though, if you think it'll convince anyone.
"Alaska gets more than its share of earmarks because the Federal Government owns most of the land.
i.e. earmarks in lieu of property taxes. Even so she cut back on requests vs. previous admins."
Earmarks replacing property taxes? I mean, I do see your point about needing more money for transportation, for example, compared to Delaware, but if the federal government owns the land why is money to care for it going to Alaska's budget? If no one is living there why does the state need money to care for it?
I agree she's cut back, and that's commendable. But why is the GOP being so misleading about it? The whole Bridge to Nowhere thing has been a big (failed) attempt at deceit, McCain says she hasn't requested ANY earmarks as governor, and her past in Wasilla that for some reason they think they can sweep under the rug.
There may be legitimate reasons for all of this. But why are they not being honest about her record? And why are they simultaneously trying to paint Obama as an earmark king when his numbers pale in comparison to Palin's? It's clear to me that either (a) they know that something's not quite right that they don't want to draw attention to, or (b) everything's honest but they don't think voters will understand if they come out with the truth. I don't know which it is.
The mortgage deregulation or whatever began under Clinton
Barack make us safe?
All the Rs have to do is show O talking about cutting missile defense, the nuclear arsenal, etc.
That line will be devastated by O's own words.
I had thought the Ds couldn't pick a weaker candidate than Kerry. I was wrong.
What I admired about Hillary was her toughness. O shows none of that. The Ds should have gotten a woman for the job. A lot of Ds feel that way too. esp. women.
Yikes, citing Malcolm Gladwell . . . can't you do better?
Geoff, the national debt risks spiraling out of control completely. Taxes need to be increased on the highest income bracket and troops have to be withdrawn from Iraq, because we can't afford to have our Treasury become insolvent. Interesting story this morning: For the first time, the IMF is analyzing the state of the U.S. economy. If we continue to borrow and spend beyond our means, will we live to see IMF-ordered restructuring that will cause starvation and food riots, like we've seen in Third World countries?
There may be legitimate reasons for all of this. But why are they not being honest about her record?
There is only so much you can do in 25 seconds.
Obama is the most far left nominee in our nations history, which is why he's already lost.
Interesting that fox news have started posting articles like this one:
http://www.foxnews.com/story/0,2933,418822,00.html
Vince: Is Clinton running for president?
The subprime problem and real estate speculation fest that created this mess is totally a Bush thing.
> Taxes need to be increased on the highest income bracket
Best way to kill job growth!
"congratulations," you troll! Obama is to the left of George McGovern? Yeah, right. :-P
Yes, the mortgage deregulation began under Clinton, as a bill passed by Republican Congressman and McCain economic adviser Phil Gramm.
And though I opposed Gramm's lobbied formal deregulations, the assumption at the time was that the President and the Cabinet would adequately intervene when needed.
Which is okay, because Republicans can always just say "No One Could Have Anticipated" and "It's Bill Clinton's Fault" whenever some Republican-allowed crisis hits on their watch.
No clinton is not running (yet)
And neither is Bush and neither is a Republican Congressional Majority.
He's the most liberal member of the Senate, even MORE leftist than the Socialist Senator (Bernie Sanders) from Vermont!
On the FAnnie/Freddie effect, coming from someone with insider knowledge (i represented Fannie nationwide in bankruptcy litigation for two years), there is a lot to be said about the housing market's centrality to the present economic woes.
Each major financial going down is caused by their overexposure into real estate backed investment trusts or similiar products, or REITS. REITS issue shares or bonds to investors and claim they are backed by 100% security.
Here's the problem: housing prices have dropped 20-40%, and that means all those REITS are now underwater - that's why the banks are getting killed and doing writeoffs and there is a capital flight occurring.
Now, to understand why this happened, look at the housing market itself. Pre Fannie, there had to always be a bank to hold all of the mortgages. For the last 10-15 years, the banks and FAnnie/Freddie have had a deal in place where so long as each house loan met Fannie standards (appraisal, value, credit #, etc), than Fannie would take the loan in blocks of 1000's off the bank's hands. Then, Fannie and the bank would split the three quarter point break Fannie got on money from the feds because of their federal unique role.
Here's the rub: When a market has an end-owner that doesn't care about the supply/demand of the market, you get oversupply. Thats where we are - Fannie lead to oversupply, and Fannie held all these houses without concern to oversupply because they werent on the hook - the government was.
Rasmussen Tracker
McCain 49%
Obama 47%
This will really tell us the story:
At 6:00 p.m. Eastern, new state polling will be released for Colorado, Florida, Ohio, Pennsylvania, and Virginia.
Taxes need to be increased on the highest income bracket
Good idea if it will increase revenue. Even O admitted in a D debate that that wasn't the case.
So that is a very weak reed.
And raising taxes on anyone in a down economy? If you do it to the top it strangles capital investment and then the guys on the bottom lose jobs. BTW Herbert Hoover tied that. I never knew he was popular in D circles. Live and learn.
Vincep, where do you expect to get the revenue to stanch the deficits? There can be tax credits for specific kinds of productive investments, because the government should also invest (which is why, for example, spending on loans and grants for higher education makes sense - the government gets it back several times over in increased tax payments from college grads), but taxing the rich only makes sense, because they have the most money!
Vince:
How many people's jobs are you responsible for? I have to worry about 25 people every day, and let me tell you something, cutting my taxes, or cutting the taxes of people a lot richer than I am is not going to help those 25 people any if it's way too expensive for me to operate my business, or if my customers stop buying because they're more worried about making their house payments, or have to decide between buying from me and paying for their own health care.
that was as usual an informative post, crow.
Zokar,
"In pattern, that's the same kind of emotional "reasoning" that Palin supporters are employing: She hunts and fishes and has kids. Cool, me too! Therefore, she should be on the Presidential ticket."
That's true. Obama suppprters need to ask themselves if they would be swayed by what Republicans swear are serious eligibility problems with Obama, Ayers, Rezko, Wright, and then ask themselves if enamored Palin supporters would be likewise be swayed by Troopergate or BridgetoNowhere.
If you want to persuade them, you've got to respect where they're coming from.
Do Palin supporters concede that she has weaknesses and what might they be? I would guess the ability to immediately expand her limited experience to the big league, foreign policy and understanding of the economy. And what matters most to Republicans and Undecideds at this moment in history? The same concerns as ours, bread and butter. Back to basics and fundamentals.
This current White House and the power brokers that prop it up has failed the country. Wall St has been brought to its knees. The country needs fixing, from bankruptcy, unaffordable healthcare, collapsing bridges to natural disasters reconstruction. And it better be someone who will cut through the bs and corruption that plagues the system, someone from outside ready to take the bums on and kick them out.
The new POTUS needs to be highly knowledgeable, highly disciplined, highly competent, someone who can roll up his sleeves, organize and mobilize on a large scale.
The candidate has to fit the job.
That's the original Obama as we first got to know him, *not* the Keating Five McCain or Republican Obama doppelganger with beehive. I hope they bring him back, forget about fearing looking too "presidential" or electrifyingly popular. That's Obama's strength, own it.
geoff: wasn't the reason all these bad loans were made:
1 - Dems and Civil rights groups threatened discrimiation lawsuits , and red-lining?
2 - The Dems who were the officiers of Fannie and Freddie cooked the books to increase thier annual bonuses in the tens of millions
3 - Bush was promoting an ownership society
Vince: McCain (til today anyway) is running on the Bush economic policy, in a campaign run by the leading lobbyists. Bush isn't running. McCain's doing it for his biggest fans.
Congratulations Troll, Nate dealt with that completely laughable bullshit about Obama being more liberal than Sanders a long time ago. But you don't care; you're a troll.
Vince: all those bad loans were made because of greed and the failure of regulatory agencies to do their jobs.
Geoff said...
Michael,
Do you really think McCain is stupid? Seriously?
I do. I voted for him too. But if he thinks that I will vote for him after he selected a bimbo to advise him while banks are failing right and left, we have 2 wars in our hands, economy is going down the drain and energy crisis is well on it's way... he is stupid. Seriously. And he should really stop playing with his wedding ring while he stares at her behind at least in front of the audience. It is disgusting.
Michael,
Again, what exactly will Obama do to fix any of that? You really think he can just whip us out of the middle east, cost-free, instantly spending that money at home?
Be serious. By the time any peace dividend comes, we'll be either through the economic crisis or in a depression so what does it matter, really?
Vincep, predatory loans aren't because anyone was afraid of being sued for discrimination. Those folks were clearly incapable of paying the loans back, unless the housing bubble continued long enough! Don't conflate legitimate concerns about redlining, in which people are discriminated against solely on the basis of color, with predatory loans to poor people who can't repay balloon payments.
The subprime problem and real estate speculation fest that created this mess is totally a Bush thing.
Congress is going to take the hit on that one. If the Rs are smart.
I also voted for McCain in the primary. But he lost any remote chance that I would ever vote for him in the general when he selected Palin as running mate.
The tax cuts of this decade increased revenues by over 25%
You folks makign the argument that raising taxes will have no negative effect and increase revenue are contradicted by every time taxes are cut since Kennedy, if not even earlier.
Besides, the top 50% income earners are already paying 97% if the taxes,,. and if my memory serves the top 10% is paying somewhere around half
The "rich" pay more than enough taxes as it is now. Playing Class-War might satify some primal emoitonal need but it's not sound economics.
Vince-Those three variables pushed the process of oversupply, yes. But, the root of the problem was the expansion of the scope of Fannie to what it is today.
Orginally, it was supposed to be a small program to help the lower middle class who were rising in income but didnt have the assets and credit score YET to get into a house. Now its the entire market.
And, sadly for the left, the Fannie episode proves that government intervention like this into markets produces distortions in the market and risks disaster - like this one.
Geoff, I think there's at least a chance that Obama and a more Democratic Congress could be more fiscally responsible than McCain. McCain has PROMISED to be fiscally irresponsible.
And there will be no peace dividend. The national debt is so great that just paying interest on it is impoverishing the country.
michael,
Obama sought out Marxist professors. If you believe his book.
That is going to sell well.
O is going to have to explain it. So he is off message another two days when it comes up.
From check to checkmate: Obama’s winning strategy.
All those stories about the Dems being suddenly outmaneuvered and scratching their heads have to end – it is time to refocus. Presented below is the simple chess move that will decisively win Obama the election. If you agree, please copy, paste, post, spread the word and even pass it on to someone in the Obama camp if you possibly can!! The stakes are too high, and the thought of getting that 3am call that McCain has won the election is just too frightening:
The strategy:
Don’t try to refute and in fact actually acknowledge that McCain and Palin are “mavericks” – then, make “maverick” equal “dangerous” and “unsafe” and make “maverick” equal “more of the same.” Bush, Cheney, Rumsfeld, Aschcroft, Wolfowitz, Gonzales etc. were all mavericks - and look what happened! All that maverick behavior soon led to corruption, deception, mismanagement, damaged relationships across the world, a weakened America etc. etc…:
“Can we really afford four more years of maverick leadership on the economy, on healthcare and on foreign policy? Barack Obama: real leadership.”
Why it will work:
Firstly, you don’t win campaigns by just trying to refute the opposition’s attacks - you have to boldly set the agenda and this does just that. The Reps took Obama’s popularity and tried to turn it against him - i.e. “Moses” “The One.” But they themselves are banking literally everything on this maverick brand (both for McCain and Palin) - that is all they have and that is actually their greatest weakness – don’t run from it, tackle it! By challenging the maverick premise head-on and changing the meaning of “maverick” into something unstable and unsafe you will redefine their own message and use it against them. They will either have to stop using “maverick” and focus on the issues (which means they lose) or keep using it and dig themselves into a hole whereby people come to see that they really don’t want another maverick administration.
“Enough!”
You will have to push it hard and over and over again, but it really is that simple.
“Hasn’t America had enough of maverick?”
Clip of Bush: “Bring ‘em on!” Clip of Gonzales: “I don’t recall.” Clip of Rumsfeld: “Heenie-peenie pie in the sky!”
“Barack Obama: leadership that restores America.”
Other advantages:
-It is not sniping or petty, so Senator Obama can uphold his “new kind of campaign” ethos.
-The McCain camp is instantly on the defensive and that is where you want them.
-It is not trying to tear down Palin (which won’t work and may backfire), but rather just grouping both McCain and Palin with the other dangerous mavericks like Bush, Cheney, Rumsfeld etc. Add to this McCain’s famously bad temperament and you have all the material you need.
-It is new, but keeps in tune with your prior messages (so you won't look like you are desperately shifting strategy) of tying McCain to Bush and presenting him as more of the same. That message ran its course and lost its power, this will give it a whole new jolt of life.
- It is bold, audacious and headline grabbing - very un-Gore/Kerry.
-Most importantly it will work because most voters don’t want more Bush and don’t want more Republican leadership. This presents a crystal clear message that if executed strongly will shift opinion back towards Obama as something new; as a real agent of change; as a new kind of leader. That is what his supporters already believe, and it is time to make that message loud and clear.
M. Simon, the Republicans will attack with everything, no matter what Obama does or doesn't do. They've already proven they are willing to lie repeatedly. So Obama has to expect anything, and attack with everything he has. I don't know what you are suggesting he do, other than perhaps give up?
I entirely disagree with the suggested line of attack. To focus on her is to validate her and the fact is that the Obama campaign have got it right over the past few days by focusing on McCain and the fact that he is Bush 44 and a liar.
The Palin factor works for the GOP only insofar as people transfer their gut attraction for her to him. By denying her the oxygen of publicity, the GOP will not be able to turn the story away from McCain and onto her. In fact, her emergence makes McCain himself even less appealing as an option and when, as they always do, people remember that they are voting for the presidential candidate, I fully expect Obama to regain his 3 point lead.
For the same reason I would desist from attacking her lack of readiness to lead and leave that message to the press. After two months of troopergate and bridgegate commentary, she will be more of a peripheral character particularly if Biden schools her in the debate without being patronising.
Obama's strategy must be to project his own positive message and at the same time remind the American people that McCain is Bush 44 and a liar. That latter message is starting to stick and the McCain team are getting increasingly anxious about it.
Relyzinger: if you think McCain will divorce the lovely Cindy for that 'trollop', you're crazier than me.
I'd better revise my post a little to reflect that i support exposing the lies and hypocrisy of all candidates. Their record needs to be examined and aired - are we really getting a reformer, a maverick and a slayer of earmarks? They might be the most charismatic historic candidate, the most courageous war hero or adorable tigress mom but the electorate needs the media to vet their record. Our democracy HAS to function this way, not dirt, but truth.
From check to checkmate: Obama’s winning strategy.
All those stories about the Dems being suddenly outmaneuvered and scratching their heads have to end – it is time to refocus. Presented below is the simple chess move that will decisively win Obama the election. If you agree, please copy, paste, post, spread the word and even pass it on to someone in the Obama camp if you possibly can!! The stakes are too high, and the thought of getting that 3am call that McCain has won the election is just too frightening:
The strategy:
Don’t try to refute and in fact actually acknowledge that McCain and Palin are “mavericks” – then, make “maverick” equal “dangerous” and “unsafe” and make “maverick” equal “more of the same.” Bush, Cheney, Rumsfeld, Aschcroft, Wolfowitz, Gonzales etc. were all mavericks - and look what happened! All that maverick behavior soon led to corruption, deception, mismanagement, damaged relationships across the world, a weakened America etc. etc…:
“Can we really afford four more years of maverick? Barack Obama: real leadership.”
Why it will work:
Firstly, you don’t win campaigns by just trying to refute the opposition’s attacks - you have to boldly set the agenda and this does just that. The Reps took Obama’s popularity and tried to turn it against him - i.e. “Moses” “The One.” But they themselves are banking literally everything on this maverick brand (both for McCain and Palin) - that is all they have and that is actually their greatest weakness – don’t run from it, tackle it! By challenging the maverick premise head-on and changing the meaning of “maverick” into something unstable and unsafe you will redefine their own message and use it against them. They will either have to stop using “maverick” and focus on the issues (which means they lose) or keep using it and dig themselves into a hole whereby people come to see that they really don’t want another maverick administration.
“Enough!”
You will have to push it hard and over and over again, but it really is that simple.
“Hasn’t America had enough of maverick?”
Clip of Bush: “Bring ‘em on!” Clip of Gonzales: “I don’t recall.” Clip of Rumsfeld: “Heenie-peenie pie in the sky!”
“Barack Obama: leadership that restores America.”
Other advantages:
-It is not sniping or petty, so Senator Obama can uphold his “new kind of campaign” ethos.
-The McCain camp is instantly on the defensive and that is where you want them.
-It is not trying to tear down Palin (which won’t work and may backfire), but rather just grouping both McCain and Palin with the other dangerous mavericks like Bush, Cheney, Rumsfeld etc. Add to this McCain’s famously bad temperament and you have all the material you need.
-It is new, but keeps in tune with your prior messages (so you won't look like you are desperately shifting strategy) of tying McCain to Bush and presenting him as more of the same. That message ran its course and lost its power, this will give it a whole new jolt of life.
- It is bold, audacious and headline grabbing - very un-Gore/Kerry.
-Most importantly it will work because most voters don’t want more Bush and don’t want more Republican leadership. This presents a crystal clear message that if executed strongly will shift opinion back towards Obama as something new; as a real agent of change; as a new kind of leader. That is what his supporters already believe, and it is time to make that message loud and clear.
". But, the root of the problem was the expansion of the scope of Fannie to what it is today.
Orginally, it was supposed to be a small program to help the lower middle class who were rising in income but didnt have the assets and credit score YET to get into a house. Now its the entire market."
That was done by Raines right? If so , that is what I was hinting at in my reason number two. When he expanded what FM does, he was able to get big profits on paper and earn him and Jamie Gorelick and others tens of millions in bonuses.
I remember followig all this on NPR over the years. And to hear the race-baiters in Congress block any reform because FM was thier little golden goose angers me.
Half of Congress should be in jail.. especially Barney Frank, Schumer, and Black Caucus leadership.
Footstep, that's really interesting. It's different from what George Lakoff suggested (which is never to mention the Republican memes), but it's pretty great, something like the way Republicans successfully redefined "Liberal" as something bad.
footstep: another filibusterer. Oh well, I skipped it because it's just too long.
As for the "peace dividend" referred to by a poster above, I agree we shouldn't expect one. One reason is that our military equipment, including that in the reserves and guard, is badly depleted and worn out. We will require several years of "make-up" spending on resupply and reoutfitting every military unit that's been at war over the last 5 years.
And all black people, generally, vince?
Michael, I'll grant you that there is at least a chance re Obama/Dem Congress making moves that help the economy short and long term.
The problem is again that government intervention into markets simply has a very, very poor track record in actually succeeding longterm beyond short term infusions of cash - which, incidentally, the US has already done. Can we just keep printing more currency to hand it out in 1000 packages to the middle class and poor and hope for the best?
The key to an economic recovery is to support and enhance financial conditions that allow for the creation of businesses and the expansion of businesses. If Obama and McCain would just talk about that and focus an open minded debate about that for the next 50 days we might actually get a President with a decent plan for a change.
vc: no. they're just as victimized by congress as anyone else
Obie closes in Ras tracker.
M: 49
O: 47
Good news, though maybe not the uptick some expected as 9/12 dropped off the tracker.
Most importantly it will work because most voters don’t want more Bush and don’t want more Republican leadership.
How true. Until you look at the polls.
If O wants to win he has to attack his party harder than Mac is attacking his. Good luck with that.
Rasmussen warning.
They have adjusted their party ID weighting again. They have taken another two points off the Dem lead so that it is now just 5 points.
Today's tracker shows McCain's lead down to two points. But for the tinkering with the weighting, it would be a tie. Maybe Rasmussen will be proven right but if, as I suspect, the national polls swing back to Obama this week, he may be left out on a limb.
Rasmussen release their 5 state poll tonight (CO, PA, FL, VA and OH). Last week, they showed Obama up a couple of points in CO and PA, tied in FL and McCain ahead a couple in VA and by 7 in OH. If Obama can push PA and CO safer and close the gap in VA and OH, that would be a great result.
@Qute
>>>That's true. Obama suppprters need to ask themselves if they would be swayed by what Republicans swear are serious eligibility problems with Obama, Ayers, Rezko, Wright, and then ask themselves if enamored Palin supporters would be likewise be swayed by Troopergate or BridgetoNowhere. <<<<
Qute, I am beginning to appreciate your posts. We are on different sides, but you make reasoned arguments, and do not swear or call your opponents intelligence or parentage into question.
I was looking for an example, and you provided it concisely.
If Obama supporters are not going to be swayed by Wright & Ayers, McCain supporters will not be swayed by whatever the left digs up on Palin. As many on both sides have said, this is a battle of the bases, with McCain needing more independents to catch up.
Can the ultra-rich (yeah, not you millionaires and whatnot -- I mean the real rich) keep worrying about cutting taxes and their awful, poor widdle tax 'burden'?
Sure.
And they can keep doing so until they ensure that we're a perpetually broke, under-developed, decaying Third World nation with scattered shiny rich neighborhoods separated by vast crumbling areas.
But not everyone wants that, not even among the wealthiest, and people who can see past their nose can understand that you get the economy, society, infrastructure, and operating environment you pay for.
So, yeah, just keep listening to these generational centi-millionaires and billionaires whine about their suffering and their lies that if you only cut their taxes more (while awarding them crony contracts and saving the investments they fail!), then this time they promise not to take the football away and really invest.
Just make sure you're into learning about Third World culture, because that's what you're working toward.
But if you want to keep a decent, built-up First World culture like you remember the U.S. being, you might want to have taxes also structured like they used to be when the U.S. itself was growing rather than crumbling.
BTW, huge state polling night for Ras. At 6 p.m. we get OH, PA, MI, FL, VA, and CO.
It's going to be a bloodbath in the comments, and I don't expect that the Ras reweight will be kind to Obama.
Winning strategy for O?
Go after Reid and Pelosi. Tell them they have to take one for the team.
Good luck with that.
The Ras state polls released today will show how the McCain/Palin surge continues!
Why are there so many Republicons here?
How much is the GOP paying you guys?
Geoff, I'm actually not in favor of tax cuts for any income bracket at this time, except maybe the poorest, and I thought the "Economic Stimulus" was incredibly stupid and reckless at a time of record national debt and during wartime.
New government expenditures should be targeted investments, such as subsidies for new needed infrastructure projects; alternative energy research, development, and production; biotechnology; education; public transit systems; and the like.
At least, that's the way it seems to me. I'm no economist, but I'm not running for President, either.
Vince: AND a bunch of Republicans who also benefitted from Fannie/Freddie bonuses based on lies and anyone who got a good ungettable by public personal mortgage from a bank connected to Fannie/Freedie.
That's where either candidate wins it i think - calling for a tough criminal investigation of Fannie/Freddie's collapse and its destructive effect on the financials.
Spare no GOP, spare no Dem. Root out corruption - this could be a way for Obama to one-up Cainer on reform, on a way for Cainer to reinforce his reform message - also either who does a hard line gets a bump re bipartisanship.
Neither is doing this now - both are pandering now.
Simon: your comment doesn't follow. Obama's burden of proof isn't in selling the Democratic brand; it's selling himself. Attacking his party wouldn't help him. (McCain had to do so -- to try to dissociate himself from the Bush legacy -- if he was to have any chance at all. Whether that will ultimately work remains to be seen. So far maybe, but maybe not much longer.)
Jobs are made by the very rich. Take more money from them: fewer jobs.
The bitter clingers get it. Class envy is an economic loser.
PEte - i agree, with the kos and hotline also turning. The issue is whether we really are seeing a change or if its just who answers the phone and keeps pushing buttons or talking this week or that.
gop enuthsiam is on a little lettop from the heights of the past two weeks and obama's people are on the uptick with the new aggressive strategy....
juris,
Congress is in lower esteem than Bush. If O wants to gain ground he needs to go after Cong. After all Mac is already as tied to Bush as he can be. You aren't going to gain much more from that line. Diminishing returns.
The Democrat Party is based on three things--
1)Class Envy
2)Something for Nothing
3)The Race Card
Simon: Can you or someone else show me the incontrovertible proof that trickle-down economics is a reality? I'm pretty sure that the ultra-rich and the mega-rich don't spend nearly as much of their money as a percentage of total wealth or income as the middle-class and under, and doesn't giving them more money just, well give them more money to keep? But what do I know; I'm only a small business-owner concerned about the near-term and short-term future of my business, not a wizard of high-finance. It's obvious they know a lot better.
I agree Mike - that's the best case for Dems for actual usefulness.
The question is can the government be an actually useful organization in pushing economic growth or a drag on the market. Remember the turning point under Clinton - The Era of Big Government is Over - you can't have it both ways and people should truly understand that the Era of Big Government is reborn if Obama wins. I'm not saying it wouldn't work, but that's the choice the McCain has to put out there to counter McBush if he wants to have any chance of winning.
It's not about class envy: you get more jobs when you run the economy and pay for the nation's development, not by hoping the ultra-rich won't squirrel money away in money-chasing schemes which aren't real investment.
Besides, the ultra-wealthy have to decide whether they want to live in a strong, stable nation with some degree of social development, or if they really just want their heli-pads protected from the degraded masses below.
For a long time in our history, a lot of our wealthiest citizens wanted a decent country, not just a few more dollars in a foreign bank somewhere. But, whatever.
Simon: you missed your Conservative mantra lesson, which says that jobs are created by small and medium size businesses.
The "very rich" on the other hand ship jobs overseas and buy $5 million boats.
Congress is held in low esteem? Last time I looked Dem members were looking to fare a whole lot better than Repub.
In any case, Presidents don't win or lose elections because of Congress. Coattails don't work that way.
Yeah, I think people want a return to the Era of Actually Conscious Government, instead of the Era of No One Could Have Anticipated.
M. Simon:
Do you have any concept of how to decrease deficits and pay off the national debt? Tax the poor, perhaps? Lemme guess, perhaps you also think that cutting taxes for the wealthiest so that they pay nothing is good for the poor, but raising the minimum wage is bad for the poor? Apologies if I've pegged you wrong, but the real class warfare is practiced by Republicans, and the clearly documented effect is a reverse Robin Hood, with the lower 95% of the population worse off relative to the top 5%. Given that fact, if you're arguing for Republican economic positions, I can't give you much credibility.
This is a funny video about Subprime
First off, Bush deregulated the finance industry. Senior, not W. And second, there's no question that Biden and others in Congress pushed Fannie and Freddie to back questionable loans, which is part of why I am fine with their bailout but not the others.
However, going back to the original subject, Sean is absolutely wrong about Palin. Our society has a saint/bitch mentality about attractive women. If you meet an attractive woman, your first thought tends to be positive. But anything that puts you off- won't go out for a drink, does something policy wise you don't like, even her voice will put her into the "bitch" category, and once there it's very, very hard for her to get out. Attractive women are frequently destroyed at workplaces by *rumors* that she did something nasty.
Take Dell vs. Home Depot. Both were taken over by charasmatic people, both were poorly run, both "resigned" with a nice golden parachute. But only one company had big parties when the President left where the workers celebrated and sang "Ding dong, the witch is dead".
Or heck, just look at Hillary and Bill. Even back when Bill was running the first time, the raw hatred the right had for Hillary was much higher than for Bill. She was demonized far more than he was, and she wasn't even running for office!
And don't blame the men. Yeah, they do it too, but women are much worse. The first time a woman dislikes something about an attractive woman, the hatred seethes. Even a perceived slight can be a killer.
So the blogs are right. Attacking Palin is the way to go. Because once she does something a voter doesn't like, he won't like her, and it's very hard to get that back.
Just ask Hillary.
gop enuthsiam is on a little lettop from the heights of the past two weeks and obama's people are on the uptick with the new aggressive strategy....
What I have seen is quiet determination set in. After all I'm commenting here instead of my usual R sites.
And this is the fourth time the "gloves have come off". And what does O lead off with? A commercial effectively mocking a war hero because he has trouble using his hands. And also mocking the 20% of the population that are not computer users. Another own goal.
Kerry was a better candidate. Really.
I don't know how effective reasoned arguments against Palin will be after 2 weeks of vitriol and hyperbole. People have already made up their minds about her. Every day the Obama campaign focuses on Palin is one less focused on McCain and the issues.
In some sense she is the perfect running mate -- she is controvertial enough to draw fire away from McCain, and the main criticism levelled at her (inexperience) results in blowback on Obama, who is also somewhat lacking in that area.
geoff: i agree with you.. I said this earlier:
The way I see it people are fed up with the institutions in this country and they have equal disdain for both parties.
So the party that can get on its kneees in front of the voters, acknoewldge where it has failed and resolve to try to fix things , that will be the party that appeals most to people are incredibly angry at the stupid partisan war.
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