5 days to first debate, Obama climbs in polls
His rise comes amid a $700 billion bailout plan to save the U.S. economy
Associated Press - September 20, 2008
WASHINGTON - Five days from their first presidential debate, Democrat Barack Obama has climbed in the polls as Republican John McCain fumbled his response to a looming U.S. economic cataclysm — one that threatened to match the financial catastrophe of the 1930s Great Depression.
The U.S. Congress and the administration of President George W. Bush were grappling with a proposed $700 billion bailout plan to save the U.S. economy from full collapse, feeding anxiety among voters who already were far more concerned about their financial futures than any other issue in the 2008 presidential campaign — including the intractable U.S.-led wars in Iraq and Afghanistan.
After withholding his response while the Bush administration put together its program, Obama on Sunday placed seven conditions on the rescue proposal which he said came with a "staggering price tag" but no plan to guarantee the "basic principles of transparency, fairness, and reform" to taxpayers who will pay for the huge bailout.
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5 days to first debate, Obama climbs in polls
Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Sunday, September 21, 2008
5 days to first debate, Obama climbs in polls
5 days to first debate, Obama climbs in polls
His rise comes amid a $700 billion bailout plan to save the U.S. economy
Associated Press
WASHINGTON - Five days from their first presidential debate, Democrat Barack Obama has climbed in the polls as Republican John McCain fumbled his response to a looming U.S. economic cataclysm — one that threatened to match the financial catastrophe of the 1930s Great Depression.
The U.S. Congress and the administration of President George W. Bush were grappling with a proposed $700 billion bailout plan to save the U.S. economy from full collapse, feeding anxiety among voters who already were far more concerned about their financial futures than any other issue in the 2008 presidential campaign — including the intractable U.S.-led wars in Iraq and Afghanistan.
After withholding his response while the Bush administration put together its program, Obama on Sunday placed seven conditions on the rescue proposal which he said came with a "staggering price tag" but no plan to guarantee the "basic principles of transparency, fairness, and reform" to taxpayers who will pay for the huge bailout.
Read the rest of the story:
5 days to first debate, Obama climbs in polls
His rise comes amid a $700 billion bailout plan to save the U.S. economy
Associated Press
WASHINGTON - Five days from their first presidential debate, Democrat Barack Obama has climbed in the polls as Republican John McCain fumbled his response to a looming U.S. economic cataclysm — one that threatened to match the financial catastrophe of the 1930s Great Depression.
The U.S. Congress and the administration of President George W. Bush were grappling with a proposed $700 billion bailout plan to save the U.S. economy from full collapse, feeding anxiety among voters who already were far more concerned about their financial futures than any other issue in the 2008 presidential campaign — including the intractable U.S.-led wars in Iraq and Afghanistan.
After withholding his response while the Bush administration put together its program, Obama on Sunday placed seven conditions on the rescue proposal which he said came with a "staggering price tag" but no plan to guarantee the "basic principles of transparency, fairness, and reform" to taxpayers who will pay for the huge bailout.
Read the rest of the story:
5 days to first debate, Obama climbs in polls
Thursday, September 18, 2008
Bush says he’s worried about financial crisis
Bush says he’s worried about financial crisis
President cancels fundraising trips to focus on continuing market meltdown
September 18, 2008
WASHINGTON - Eager to show that he feels people’s pain, President Bush scuttled a political fundraising trip Thursday to tell the country his administration is working feverishly to calm turmoil in the financial markets.
Bush was supposed to spend the day in Alabama and Florida raising money for Republicans and talking energy policy. He canceled his trip and sent Vice President Dick Cheney to sub for him at the fundraisers to focus on the worst financial meltdown since the Great Depression.
“The American people are concerned about the situation in our financial markets and our economy,” Bush said. “And I share their concerns.”
Read the rest of the story:
Bush says he’s worried about financial crisis
President cancels fundraising trips to focus on continuing market meltdown
September 18, 2008
WASHINGTON - Eager to show that he feels people’s pain, President Bush scuttled a political fundraising trip Thursday to tell the country his administration is working feverishly to calm turmoil in the financial markets.
Bush was supposed to spend the day in Alabama and Florida raising money for Republicans and talking energy policy. He canceled his trip and sent Vice President Dick Cheney to sub for him at the fundraisers to focus on the worst financial meltdown since the Great Depression.
“The American people are concerned about the situation in our financial markets and our economy,” Bush said. “And I share their concerns.”
Read the rest of the story:
Bush says he’s worried about financial crisis
Wednesday, September 17, 2008
Tuesday, September 16, 2008
Changing the Subject From Sarah Palin to Wall Street
Changing the Subject From Sarah Palin to Wall Street
September 16, 2008 US News and World Report - Bonnie Erbe
Wall Street's Monday lurch has wiped Alaska Gov. Sarah Palin off the front pages. That's probably a good thing for Palin as her former press secretary made the loony claim that "Obama operatives" have "hijacked" for political purposes the Alaska investigation into the firing of her public safety commissioner.
From CNN.com:
Former Palin Press Secretary Meg Stapleton told reporters in Anchorage that the power probe has been 'hijacked' by 'Obama operatives' for the Democratic presidential nominee—namely, Alaska state Sen. Hollis French, the Democratic lawmaker managing the investigation and an Obama supporter. French has denied working on behalf of the Obama campaign.
Rarely in the annals of American political history have claims so far-fetched been made by a high-level aide, whether present or former. Remember, dear readers, the Palin investigation was launched well before Palin was on the McCain team, and at a time when her name as a vice presidential prospect was barely being mentioned.
Read the rest of the story:
Changing the Subject From Sarah Palin to Wall Street
September 16, 2008 US News and World Report - Bonnie Erbe
Wall Street's Monday lurch has wiped Alaska Gov. Sarah Palin off the front pages. That's probably a good thing for Palin as her former press secretary made the loony claim that "Obama operatives" have "hijacked" for political purposes the Alaska investigation into the firing of her public safety commissioner.
From CNN.com:
Former Palin Press Secretary Meg Stapleton told reporters in Anchorage that the power probe has been 'hijacked' by 'Obama operatives' for the Democratic presidential nominee—namely, Alaska state Sen. Hollis French, the Democratic lawmaker managing the investigation and an Obama supporter. French has denied working on behalf of the Obama campaign.
Rarely in the annals of American political history have claims so far-fetched been made by a high-level aide, whether present or former. Remember, dear readers, the Palin investigation was launched well before Palin was on the McCain team, and at a time when her name as a vice presidential prospect was barely being mentioned.
Read the rest of the story:
Changing the Subject From Sarah Palin to Wall Street
McCain tested on economy
McCain tested on economy
Defends his credibility and experience
Boston Globe Staff / January 26, 2008
FORT LAUDERDALE, Fla. - In a race increasingly centered on the economy, Republican candidate John McCain yesterday found himself on the defensive over his credibility on the subject, claiming a career of experience dealing with the issue and unique abilities in "leadership, not management."
Those words were aimed at former Massachusetts governor Mitt Romney, a longtime consultant and venture capitalist, who has emphasized his corporate background in recent weeks. For much of last year, Romney downplayed his business experience while trying to appeal to conservative voters largely on social and moral issues.
A Romney ad now airing in Florida highlights his experience in the private sector. "I know how America works, because I spent my life in the real economy," he boasts, in front of the Jacksonville skyline.
"Governor Romney is touting his qualities and his experience and resume as a manager; I am telling the American people - and they know it - that I am a leader," McCain said at a news conference in Fort Lauderdale. McCain was challenged at the news conference over an answer he gave in a debate the previous night when asked by moderator Tim Russert if he had said he was "not well versed on" economic issues.
"Actually, I don't know where you got that quote from," McCain replied.
McCain conceded yesterday that he had made such a remark.
"It was in the context of a conversation on my qualifications to serve: that I am proud of my record as chairman of the commerce committee, of being involved in every single major issue that affects this country," he said.
In fact, on numerous occasions over the course of the campaign, McCain has volunteered that he is unsatisfied with his lack of knowledge about aspects of economics...
Read the rest of the story:
McCain tested on economy
Defends his credibility and experience
Boston Globe Staff / January 26, 2008
FORT LAUDERDALE, Fla. - In a race increasingly centered on the economy, Republican candidate John McCain yesterday found himself on the defensive over his credibility on the subject, claiming a career of experience dealing with the issue and unique abilities in "leadership, not management."
Those words were aimed at former Massachusetts governor Mitt Romney, a longtime consultant and venture capitalist, who has emphasized his corporate background in recent weeks. For much of last year, Romney downplayed his business experience while trying to appeal to conservative voters largely on social and moral issues.
A Romney ad now airing in Florida highlights his experience in the private sector. "I know how America works, because I spent my life in the real economy," he boasts, in front of the Jacksonville skyline.
"Governor Romney is touting his qualities and his experience and resume as a manager; I am telling the American people - and they know it - that I am a leader," McCain said at a news conference in Fort Lauderdale. McCain was challenged at the news conference over an answer he gave in a debate the previous night when asked by moderator Tim Russert if he had said he was "not well versed on" economic issues.
"Actually, I don't know where you got that quote from," McCain replied.
McCain conceded yesterday that he had made such a remark.
"It was in the context of a conversation on my qualifications to serve: that I am proud of my record as chairman of the commerce committee, of being involved in every single major issue that affects this country," he said.
In fact, on numerous occasions over the course of the campaign, McCain has volunteered that he is unsatisfied with his lack of knowledge about aspects of economics...
Read the rest of the story:
McCain tested on economy
Economy roars back to center of the campaign
Economy roars back to center of the campaign
With Wall Street crisis, McCain and Obama forced onto new proving ground
By Dan Balz and Robert Barney - Washington Post
WASHINGTON - Yesterday's meltdown on Wall Street brought the economy roaring back to the center of the presidential campaign, and the question for the final seven weeks of the general-election campaign is whether Barack Obama or John McCain can convince voters that he is capable of leading the country out of the morass.
McCain faces the bigger challenge. As the Republican nominee, he must answer for what has happened on President Bush's watch and offer a plausible explanation for why his conservative administration would be genuinely different. Obama already is attacking him as ill-equipped to deal with the financial crisis and has aggressively moved to tie a future McCain administration to a lobbyist-dominated Washington culture.
Obama's challenge is different. He begins with the reality that Democrats are seen as the party that is more trusted to deal with the economy. Despite that, he has struggled through much of the year to develop a compelling economic message. Where he remains suspect is on the strength of his leadership and his ability to connect with working- and middle-class voters.
Read the rest of the story:
Economy roars back to center of the campaign
With Wall Street crisis, McCain and Obama forced onto new proving ground
By Dan Balz and Robert Barney - Washington Post
WASHINGTON - Yesterday's meltdown on Wall Street brought the economy roaring back to the center of the presidential campaign, and the question for the final seven weeks of the general-election campaign is whether Barack Obama or John McCain can convince voters that he is capable of leading the country out of the morass.
McCain faces the bigger challenge. As the Republican nominee, he must answer for what has happened on President Bush's watch and offer a plausible explanation for why his conservative administration would be genuinely different. Obama already is attacking him as ill-equipped to deal with the financial crisis and has aggressively moved to tie a future McCain administration to a lobbyist-dominated Washington culture.
Obama's challenge is different. He begins with the reality that Democrats are seen as the party that is more trusted to deal with the economy. Despite that, he has struggled through much of the year to develop a compelling economic message. Where he remains suspect is on the strength of his leadership and his ability to connect with working- and middle-class voters.
Read the rest of the story:
Economy roars back to center of the campaign
Saturday, September 13, 2008
Sarah Palin's appeal to working-class women may be limited
Sarah Palin's appeal to working-class women may be limited
For many of these critical swing voters, economic interests trump any admiration of the Alaska governor's maternal grit, and some are repelled by her sarcastic jabs at Obama.
By Faye Fiore and Peter Wallsten,
Los Angeles Times Staff Writers
September 7, 2008
UNIONTOWN, PA. -- Trish Heckman, a 49-year-old restaurant cook and disappointed Hillary Rodham Clinton supporter, watched last week as the country's newest political star made her explosive debut.
She followed the news when John McCain introduced Alaska Gov. Sarah Palin as his vice presidential running mate, paid attention to the raging debate over her qualifications, even tuned in to watch her dramatic speech at the Republican convention.
But when it came down to an issue Heckman really cares about -- sending a daughter to college on $10.50 an hour -- her desire to see a woman reach the White House took a back seat to her depleted savings account.
"I wanted Hillary to win so bad, but I saw Sarah, and it just didn't work for me," said Heckman, taking a break in the empty courtyard of J. Paul's restaurant in a downtown struggling to revive. "I have no retirement. Obama understands it's the economy. He knows how we live."
Read the rest of the story:
Sarah Palin's appeal to working-class women may be limited
For many of these critical swing voters, economic interests trump any admiration of the Alaska governor's maternal grit, and some are repelled by her sarcastic jabs at Obama.
By Faye Fiore and Peter Wallsten,
Los Angeles Times Staff Writers
September 7, 2008
UNIONTOWN, PA. -- Trish Heckman, a 49-year-old restaurant cook and disappointed Hillary Rodham Clinton supporter, watched last week as the country's newest political star made her explosive debut.
She followed the news when John McCain introduced Alaska Gov. Sarah Palin as his vice presidential running mate, paid attention to the raging debate over her qualifications, even tuned in to watch her dramatic speech at the Republican convention.
But when it came down to an issue Heckman really cares about -- sending a daughter to college on $10.50 an hour -- her desire to see a woman reach the White House took a back seat to her depleted savings account.
"I wanted Hillary to win so bad, but I saw Sarah, and it just didn't work for me," said Heckman, taking a break in the empty courtyard of J. Paul's restaurant in a downtown struggling to revive. "I have no retirement. Obama understands it's the economy. He knows how we live."
Read the rest of the story:
Sarah Palin's appeal to working-class women may be limited
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