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McCain and Obama enter Tuesday night's second presidential debate at Belmont University with a real sense of a race that's slipping away from McCain -- and a growing realization in GOP circles that the Republican ticket has a dwindling number of chances to reclaim the narrative.
(If the national polls don't convince you -- take Ohio, please.)
McCain gets the format he wants, but not the backdrop. If the debate follows the logical progression of the week, we will continue down the path of least subsistence into out-and-out, guilt-by-association name-calling -- led there, in all likelihood, by McCain, whose campaign is trying to thrust "character" into a campaign that may not welcome it.
Does McCain want to go there? Will/should even nasty attacks register when compared to the psychological blows arriving in mailboxes these days, depicting shattered 401(k)s? And with Tuesday night's town-hall format, does a candidate want to throw bombs when there are civilians in range?
It may be too late for those choices: It's on, and it's ugly. In the run-up to the debate No. 2, McCain and (particularly) Palin have gone personal -- and Team Obama responded by bringing up the Keating 5.
"Who is the real Barack Obama?" McCain said Monday (with now-casual references to Obama's "lies"), per ABC's Jake Tapper and Bret Hovell. "Even at this late hour in the campaign there are things we don't know about Senator Obama or the record that he brings to this campaign."
And -- going further, but still not as far as she wants to go -- Palin "invoked fear for the first time when discussing Sen. Barack Obama's connection to former 60's radical William Ayers," per ABC's Imtiyaz Delawala.
"I am just so fearful that this is not a man who sees America the way that you and I see America -- as the greatest source for good in this world," said Palin, R-Alaska.
Obama, she said, "launched his political career in the living room of a domestic terrorist."
No turning back from here: "Mr. McCain made clear on Monday that he wanted to make the final month of the race a referendum on Mr. Obama's character, background and leadership -- a polite way of saying he intends to attack him on all fronts and create or reinforce doubts about him among as many voters as possible," Adam Nagourney writes in The New York Times. "And Mr. Obama's campaign signaled that it would respond in kind, setting up an end game dominated by an invocation of events and characters from the lives of both candidates."
"Look, I'm not sitting here with my feet up," said senior Obama adviser David Axelrod.
"The back-and-forth, coming on the eve of a presidential debate tonight, represented some of the strongest language yet in a race that has grown increasingly negative and signaled that the final four weeks of the campaign could grow even nastier,"
The moderator, Tom Brokaw of NBC News, is sifting through those millions of questions to find six or seven that he might pose. The other dozen or so questions will come from among an audience of about 80 likely voters from the Nashville area who will be on stage with the candidates. Mr. Brokaw will meet with audience members on Tuesday as he seeks a balance between foreign and domestic topics. The live audience was selected over the last week by the Gallup Organization, which made thousands of calls to find people who are truly uncommitted - that is, they may be leaning toward one candidate or the other but could still change their minds. “Only a small percentage of the population qualifies as uncommitted,” said Frank Newport, editor in chief of the Gallup Poll.
The format allows about five minutes for each question: two minutes for each candidate and one minute for what the co-chairman of the Commission on Presidential Debates, Frank J. Fahrenkopf Jr., described as “interplay” to be managed by Mr. Brokaw.
Online NewsHour: The Second Presidential Debate -- October 11, 2000
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washingtonpost.com: Second Presidential Debate -- President Bush and ...
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United States presidential election debates - Wikipedia, the free ...
Debates are broadcast live on television and ... The second debate and the Vice Presidential debate were both ... The Commission on Presidential Debates' Exclusion of Vital Issues in ...
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Think Progress » Presidential Debate Live-Blogging
Presidential Debate Live-Blogging » 11:47: CNN’s Roland Martin’s ... at a time when the country is in need of a second ... an angry old liar — is that McCain has real issues.
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TIME.com Live Debate Election Blog- TIME
... Palin for talking about people needing to live ... election in a row, she gets named for the second-banana debate ... It's interesting to see a Presidential debate in which both the ...
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Make-Believe Maverick
Now 30 years old, McCain was trying to live up to his father's expectations, to ... the company's founder celebrated by hosting a major fundraiser for McCain's presidential ... Several years later, during another debate over servicemen missing in action, an ...
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Source: Rolling Stone
NewsDateTime: 10/6/2008
Can Hoboken withstand a 75-story building?
... the matter on hold for two weeks in deference to new members of the council - 2nd ... An existing city ordinance mandates that City Hall employees live in town. However ... The issue is part of a larger, and relatively new, debate over whether people posting ...
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Source: Houston Community Newspapers
NewsDateTime: 10/5/2008
Cis' blog roundup - Friday
Notes on a Napkin hits on every parents fear. The protection of our children. And she gives you a phase to keep in your mind, perhaps forever, and for every occasion. Have we looked at Cinnamonspice before? This is a 4 day old one, but this is a blog ...
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Source: Spokane Spokesman-Review
NewsDateTime: 10/5/2008
Political Punch
Look, a good politician with a firm grasp of issues would not be tripped up by ... He's got a better vice presidential partner," Clinton said to a crescendo of applause ... I live in the 2nd Congressional District in ME and I'm NOT looking forward to them ...
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Source: ABC News Blogs
NewsDateTime: 10/4/2008
Global Financial Panic 2007
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Source: OpEdNews.com
NewsDateTime: 10/5/2008
The format allows about five minutes for each question: two minutes for each candidate and one minute for what the co-chairman of the Commission on Presidential Debates, Frank J. Fahrenkopf Jr., described as “interplay” to be managed by Mr. Brokaw.
When the candidates meet tonight at Belmont University in Nashville, Tenn., for their second of three debates, the pressure will be on McCain, who is trailing in the polls, to convince people to reconsider their priorities as well as their votes. That means continuing his campaign's strategy of attacking Obama's judgment, analysts said. "He's got a very difficult task ahead of him," said Torie Clarke, a Republican strategist and ABC News political consultant. "He has to do something different. He has to say something that will change the game. He has to inject something into the system that will shake things up, because right now, it does not look good."
Tonight's town hall style debate is moderated by Tom Brokaw of NBC News. Brokaw will ask six or seven of the more than 6 million questions submitted over the Internet.
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The Bailout Bill is now the Law
But the process itself of sorting out assets in the new Troubled Assets Relief Program or TARP will be daunting, he adds. "Not all mortgage-backed securities have the same risk or potential default rate inside of these bonds. The real problem is telling which assets are alike so you can have a bidding process and set a price."
House leaders, rebuffed on Monday by members on both sides of the aisle, needed 12 votes for victory in a revote on Friday. They easily surpassed that to win by a vote of 263 to 171.
What changed is that members, swamped by calls from angry voters who opposed the rescue, this week began hearing from car dealers, small business owners, governors, and mayors who were worried about the impact of the credit crunch.
"Over the last few days, a lot of members heard from Main Street businesses who are experiencing the front end of this credit crisis," says Rep. Paul Ryan (R) of Wisconsin, who says he expects to take a hit politically for his support of the bill, which is still highly unpopular with many Americans. "It's just beginning to sink in how dire this moment is.... Now, the public hasn't seen that yet." Calls from his constituents are still running 85 percent opposed, he said.
U.S. banking regulators said on Friday they will seek to resolve rival acquisition proposals by Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) and Wells Fargo & Co (WFC.N: Quote, Profile, Research, Stock Buzz) for Wachovia Corp (WB.N: Quote, Profile, Research, Stock Buzz).
In a surprise announcement, Wells Fargo agreed to buy Wachovia for more than $16 billion, four days after Citi agreed to acquire Wachovia's banking operations in a government-backed deal that involved the Treasury Department and the Federal Reserve.
The Federal Deposit Insurance Corp (FDIC) announced a shotgun merger proposal between Citi and Wachovia on Monday, with the FDIC agreeing to absorb up to $42 billion in losses should Wachovia's $312 billion pool of loans later turn sour.
The deal, reached in consultation with President George W. Bush, also allowed the FDIC to receive $12 billion in preferred stock and warrants from Citi for taking on possible future risks.
A deal with Wells Fargo, if consummated, could wipe out potential risks to the government and taxpayers that a government-approved Citi deal would include. Citi said Friday it has an exclusivity agreement with Wachovia.
The FDIC said it stood by the Citi deal, but at the same time left open the possibility of accepting Wells Fargo's proposal after reviewing it.
It was not immediately known if FDIC Chairman Sheila Bair or her agency participated in the negotiations between Wells Fargo and Wachovia, but Bair said in a statement that the new offer "does not require FDIC assistance."
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