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McCain’s campaign is imploding

John McCain’s latest stunt is to suggest postponing tomorrow night’s debate so that he and Obama can deal with the financial crisis. Last week he said the fundamentals of our economy were strong. Now he’s acting the the roof is falling, and Sarah Palin has apparently concluded that we face another Great Depression without this bailout.

Meanwhile, it looks like the McCain campaign might try to use this as an excuse to scuttle the VP debate.

McCain supporter Sen. Lindsey Graham tells CNN the McCain campaign is proposing to the Presidential Debate Commission and the Obama camp that if there’s no bailout deal by Friday, the first presidential debate should take the place of the VP debate, currently scheduled for next Thursday, October 2 in St. Louis.

Have we reached the point of absurdity yet? Can anyone defend John McCain and Sarah Palin with a straight face?

Photo courtesy of Flickr

Joe Biden – Asset or Liability?

Joe Biden has been a gaffe machine over the past several days. He said he didn’t approve of one of Obama’s ads about John McCain, and he jumped the gun saying that the government shouldn’t bail out AIG.

Fortunately, Biden has rebounded impressively this morning, with a powerful speech on foreign policy. He delivered a blistering attack on John McCain’s foreign policy positions while providing a very persuasive argument for a new approach under a Barack Obama administration. More importantly, he attacked McCain’s judgement, explaining how McCain’s bluster is counterproductive. He also ripped Bush and McCain for ignoring al Qaeda and Afghanistan. We must find and kill Bin Laden, and Biden made that absolutely clear.

The themes in this speech were clear and powerful. I suspect Obama will be repeating all these themes on Friday in the first presidential debate.

Bailout questions

Democrats aren’t the only ones asking questions about the latest bailout plan. Newt Gingrich has some tough questions, and he offers some suggestions as well.

Watching Washington rush to throw taxpayer money at Wall Street has been sobering and a little frightening.

We are being told Treasury Secretary Henry Paulson has a plan which will shift $700 billion in obligations from private companies to the taxpayer.

We are being warned that this $700 billion bailout is the only answer to a crisis.

We are being reassured that we can trust Secretary Paulson “because he knows what he is doing”.

Congress had better ask a lot of questions before it shifts this much burden to the taxpayer and shifts this much power to a Washington bureaucracy.

Imagine that the political balance of power in Washington were different.

If this were a Democratic administration the Republicans in the House and Senate would be demanding answers and would be organizing for a “no” vote.

One of Newt’s proposals includes repealing Sarbanes-Oxley. It’s not a bad idea.

The AIG bailout was probably necessary to avert a complete meltdown. The new proposal from Paulson deserves much more scrutiny.

Hillary’s push for Obama in Ohio

Barack Obama has been rebounding in the polls, but he still has a tough road ahead of him in Ohio. Fortunately, Hillary is ready to help out in the Buckeye State.

Hillary just held a private conference call with Ohio Governor Ted Strickland and dozens of donors to her campaign and to Ohio Dems, urging them to plow funds into the coffers of the Ohio state party so it can help execute the ground game on Barack Obama’s behalf, a Hillary aide confirms to me.

“There isn’t any doubt that Ohio once again will be the pivotal state in this election and I know that it’s extremely close in the state,” Hillary told the donors, according to excerpts of the call sent our way by her office.

Hillary also promised extensive future visits to the state on Obama’s behalf. “I will be back campaigning up and down the state to make the case that the failed leadership of the last eight years should not be rewarded with another four,” she told the donors.

Obama’s team has been working closely with Hillary and Governor Strickland. They have an excellent ground game and lots of new voters. It will be interesting to see if that puts Obama over the top. I still think he has better opportunities in Virginia and Colorado, but he can probably lock up the election with wins in either Ohio or Florida.

McCain’s lies are catching up to him

The national polls are starting move back towards Obama, as the Palin hysteria subsides, the economy moves back into the spotlight and reporters start to hold John McCain accountable for his disgraceful campaign.

Ruth Marcus, another former fan of McCain, sums it up nicely.

Both candidates are guilty of playing trivial pursuit in a serious season, campaigning from gotcha to gotcha. Obama also has eagerly taken every cheap shot — McCain wants to stay in Iraq for 100 years, doesn’t get the economy, can’t count his own houses. Neither candidate is running the honest, confront-the-hard-questions campaign he promised.

McCain’s transgressions, though, are of a different magnitude. His whoppers are bigger; there are more of them. He — the easy out would be to say “his campaign” — has been misleading, and at times has outright lied, about his opponent. He has misrepresented — that’s the charitable verb — his vice presidential nominee’s record. Called on these fouls, he has denied and repeated them.

The most outrageous of McCain’s distortions involve Obama on taxes. He asserts that Obama’s new taxes could “break your family budget,” and that an Obama presidency would inflict “painful tax increases on working American families.” Hardly. Obama would lower taxes for most households, and lower them more than McCain would. The only “painful tax increases on working American families” would be on working families making more than $250,000.

Likewise, the McCain campaign has its story about Sarah Palin, and it’s sticking with it — facts be damned. She said “thanks but no thanks” to that “Bridge to Nowhere,” except that she didn’t: She backed the bridge until it was unpopular, then scooped up the money and used it for other projects. More than a year after McCain began railing against the bridge, Palin, then a gubernatorial candidate, said the state should build it “now — while our congressional delegation is in a strong position to assist.”

Palin sold the gubernatorial jet, on eBay and for a profit — except that she didn’t. She didn’t take earmarks as governor — except for the $256 million she sought last year, and the $197 million wish list for 2008.

The McCain campaign has been hoping that the media’s obsession with presenting both sides would hide their blatant lies. But they’ve gone so far that John McCain himself got caught in a blatant lie about Sarah Palin and earmarks by the hosts of the View!

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