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...Treasury Department and Federal Reserve now are making plans to buy troubled mortgage securities en masse from banks and other financial firms. This would amount to moving from ad hoc loans and bailouts to a more systematic approach to resolving the bad-debt problems at the heart of the current financial crisis. Systematic apparently sounds good - the Dow jumped 400 points after CNBC first reported Thursday that such an effort was in the works, and on Friday, markets around the world opened sharply higher. But the price tag could be steep. "We're talking hundreds of billions," Treasury Secretary Hank...
...seven years, that "the fundamentals of our economy are strong" •concedes, an hour after asserting that "the fundamentals of our economy are strong," that "the American economy is in a crisis - in a crisis!" •concedes Obama didn't call Palin a "pig" while defending his ad implying Obama called Palin a "pig" •confusion about Spain of •declares, inaccurately, that Palin took no earmarks as govenor of Alaska •regulation, after decades of opposition to, unconvincingly embraced by •says as President he'd fire chairman of SEC, though president has no such right • 2000 doctors...
...white candidates can be "populists," but angry black candidates get tagged as "militants." Obama has no interest in trying to find out whether America is ready for an angry black man. He's more likely to try to send negative messages with humor, as he does in a new ad that mocks McCain's unfamiliarity with e-mail while featuring a Rubik's Cube, a prehistoric cell phone and other relics of 1982, the year of McCain's arrival in Congress. Campaign treasurer Martin Nesbitt says Obama is keenly aware of the pressure to "strike back and be meaner; fight...
Obama's aides are sensitive about his brand; they don't want to undercut his claim to represent a new kind of politics. That's why they don't use the word Republican in ads; they think voters are tired of partisan attacks. And that's why they initially asked Democratic groups not to air any independent ads on Obama's behalf; they wanted to control the brand themselves. But the Service Employees International Union recently aired an anti-McCain ad, and other groups are poised to follow suit. Earlier polls had produced "reckless overconfidence on the part...
...stands. He has voted to fund research on leftover fertility-clinic embryos, but his website says he favors experiments that "do not involve the use of human embryos" at all. His party platform calls for an outright ban on all embryo research, public or private. Meanwhile, a McCain-Palin ad lauds the pair as the "original mavericks" for supporting "stem-cell research to help free families from the fear and devastation of illness." But that's not courage; it's camouflage. Everyone favors adult-stem-cell research: the only fight is over experiments that destroy embryos...