Posts Tagged ‘ 2008 presidential election ’

McCain, More Critical of Bailout Plan, Faults Oversight

Sep 23rd, 2008 | By David Harper | Category: Election 2008

Aides to Senator McCain, the Republican presidential nominee, said it was too soon to say whether he would oppose the plan being hashed out by the Bush administration and Congress, noting that the final details had yet to be presented. But Mr. McCain repeated his calls to add several provisions that the administration has opposed, including a guarantee that taxpayer money would not be used to enrich the executives of failing companies.

McCain pledges to renew Australian alliance

Sep 23rd, 2008 | By David Harper | Category: Australia, Election 2008

The Republican presidential candidate says he will work with the Rudd Government to establish a global framework that would encourage China and India to become part of the solution to man-made climate change. Senator McCain says he is committed to a market-based cap-and-trade system aimed at reducing carbon emissions. And he wants a closer bilateral partnership on other key issues such as nuclear proliferation, trade liberalisation and combating terrorism.

Obama Led Opponent in Spending in August

Sep 22nd, 2008 | By David Harper | Category: Election 2008

Senator Barack Obama significantly outspent Senator John McCain in August as the two campaigns ramped up their general election fight, with the Obama campaign spending $53 million that month, $32 million of which went to advertising. That compared with the $41 million spent by the McCain campaign, $23 million of which went to advertising.

Loan Titans Paid McCain Adviser Nearly $2 Million

Sep 22nd, 2008 | By David Harper | Category: Election 2008

Incensed by Republican advertisements critical of Senator Barack Obama, several current and former executives came forward to discuss the role that Rick Davis, Senator John McCain’s campaign manager and longtime adviser, played in helping Fannie Mae and Freddie Mac beat back regulatory challenges when he served as president of their advocacy group, the Homeownership Alliance, formed in the summer of 2000.

Both Candidates Back Bailout, With Caveats

Sep 22nd, 2008 | By David Harper | Category: Election 2008

The candidates echoed each other in assessing the threat from the financial crisis as severe enough to warrant government intervention. But Senator John McCain said that he would press on with his plan to extend the Bush tax cuts and to cut others. Contrary to the warnings of fiscal analysts, he said he could still balance the federal budget, which was falling deeper into deficit even before the financial crisis, by the end of his first term.

Obama surges ahead of McCain

Sep 22nd, 2008 | By David Harper | Category: Election 2008

Republican candidate John McCain faces the daunting task of trying to square his long history of advocating corporate and financial deregulation - the sort of loose controls many blame for the turmoil on Wall Street. Senator McCain now says more controls are needed to prevent a repeat of the turmoil that sent the stock market plunging, as he tries to recover from a damaging series of gaffes regarding the unfolding crisis.

Right to Smear

Sep 21st, 2008 | By David Harper | Category: Opinion

Posing as a mere “issue advocacy” operation, the “Real Truth About Obama” group’s ad attacks Mr. Obama’s character and trashes the candidate’s nuanced position on abortion. To spread these lies, the group wants an injunction against the Federal Election Commission’s disclosure and spending rules, instituted after the 2004 campaign.

The Candidates and the Court

Sep 21st, 2008 | By David Harper | Category: Opinion

John McCain and Barack Obama have made it clear that they would pick very different kinds of justices. The results could be particularly dramatic under Mr. McCain, who is likely to complete President Bush’s campaign to make the court an aggressive right-wing force.

The Push to ‘Otherize’ Obama

Sep 21st, 2008 | By David Harper | Category: Opinion

In public at least, it’s not acceptable to express reservations about a candidate’s skin color, so discomfort about race is sublimated into concerns about whether Senator Obama is sufficiently Christian. Nobody needs to point out that he is black, but there’s a persistent effort to exaggerate other differences, to de-Americanize him.

Truthiness Stages a Comeback

Sep 21st, 2008 | By David Harper | Category: Opinion

The main thrust of the McCain campaign has been to cover up his history of economic malpractice. Senator McCain has largely pulled it off so far, under the guidance of Steve Schmidt, a Karl Rove protégé. A Rovian political strategy by definition means all slime, all the time. But the more crucial Rove game plan is to envelop the entire presidential race in a thick fog of truthiness.