Berkeley CSUA MOTD:Entry 50762
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2025/05/24 [General] UID:1000 Activity:popular
5/24    

2008/8/2-8 [Politics/Domestic/Election] UID:50762 Activity:low
8/1     McCain goes negative
        http://nymag.com/news/politics/powergrid/48928
        \_ What else are the Republicans going to run on? Their good
           stewardship of the American economy over the last eight years?
           Their fresh new ideas? The Iraq War? What other choice do they have?
           \_ Economy was fine until Dems took over congress (though I'm not
              stupid enough to blame a president or even congress for the
              economy).  The Fed is the real problem.
              \_ really?  i thought the problem was basing our economy
                 so heavily on service fees for bundled debt products.
                 I don't think that's a Dem/Repub thing
                 \_ Deregulation, which is primarily a Republican thing,
                    is what led to the explosion of financial services. That
                    and the laissez-faire attitude of The Fed (more
                    Republicanism).
                    \_ No, forcing companies to lend to groups traditionally
                       not receiving loans is what caused the problem.  Fannie
                       and Freddy buying up bad loans was the other problem.
                       Fannie & Freddy being backed by the government is what
                       allowed them to be so irresponsible.
                       \_ Wow, I hadn't realized there was a fantasy-land
                          version of the credit crunch!
                       \_ I don't think that this really explains the whole
                          story, but it is likely that Bush's American
                          Dream Downpayment Initiative, his Single-Family
                          Affordable Housing Tax Credit and his Self-Help
                          Homeownership Opportunities Program, all had an
                          impact on lower income home ownership rates, which
                          is what they were intended to do. The GOP also pushed
                          for banks to loan to more low income people in low
                          income neighborhoods, sorry I don't know the name
                          of the specific Acts that did this. But a bigger
                          factor was the explosion of unregulated credit, in
                          the form of CDOs, SIVs and the like that flooded
                          the market with easy credit. The money supply is
                          the market with easy money. The money supply is
                          the responsibility of The Fed and regulating
                          banks is the responsibility of Congress and The
                          White House, but because of their philosophy, they
                          decided to let "the market sort it out" which is
                          what we are suffering through right now.
              \_ I'm sorry you don't know your ass from a hole in the ground
                 but can you please go drool somewhere else?  Thank you.
              \_ Do you mean Greespan, who was appointed by Reagan, or
                 Bernanke, who was appointed by Bush? Somehow, I thought
                 that these record deficits might have something to do with
                 why our economy is underperforming, but perhaps you have
                 a different theory.
                 \_ Greenspan let the tech bubble last too long, then applied
                    too much pressure to kill it.  Bernanke should stop
                    printing money like it's going out of style.
                    \_ Could you not use "printing money" as a euphamism for
                       "loose monetary policy". Gives me the willies.
                       We're not Zimbabwe.
2025/05/24 [General] UID:1000 Activity:popular
5/24    

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nymag.com/news/politics/powergrid/48928 -> nymag.com/news/politics/powergrid/48928/
Illustration by Andr Carrilho On the morning in March when Barack Obama was preparing to give his speech on race in Philadelphia to try to contain the fallout from the Jeremiah Wright imbroglio, I was having breakfast in Washington with a member of John McCain's inner circle. The topic at hand was whether McCain was licking his chops at the prospect of facing Obama in the fallwhether he relished the idea of running negative against the hopemonger on questions of his patriotism and, er, otherness. My McCainiac source noted that his boss had demonstrated admirable restraint and respect for Obama in the last few weeks, citing McCain's rebuke of the Tennessee GOP when it issued a press release that invoked Obama's middle name and featured that photo of him in Somali tribal clothing, calling it Muslim garb. McCain has drawn a bright line and said that's unacceptable, my companion said. It's a genuine reflex: He really wants the campaign to be civil. The following night I was drinking with a big-time Republican operative who'd worked during the primaries for a rival candidate. When I floated the notion of the Good McCain, this person snorted. He didn't have a problem calling Mitt Romney a phony in New Hampshire or comparing George W Bush to Bill Clinton in South Carolina in 2000, he said. Meet McCain's Sharp-tongued New Strategist Until last week, it was an open question which of these visions of McCain bore a closer relation to reality. But with the weeklong string of attacks uncorked by the Arizona senator and his people during Obama's trip abroad and in its aftermathsome brutal, some mocking, but all personal and focused on Obama's characterwe now have an inkling of just how deep in the mud McCain and his people are willing to wallow in order to win in November: right up to their Republican eyeballs. As countless fact-checkers and tsk-tskers have maintained, the broadsides were a blend of distortion, innuendo, and outright slander. But that doesn't mean they (and their inevitable successors) won't prove effective, especially against an opponent with so little experience under ruthless and relentless fire. Before Obama hurled himself into the presidential scrum he'd never been hit with a negative ada point often raised by Hillary Clinton's people. And though they made sure Obama lost his negative-spot virginity, the ads they ran against him were patty-cake compared with what he faces now. Hence the questions on which the general election may turn: Will Obama be capable of withstanding the pummeling the McCain forces have begun to unleash? Or, as Hillary privately predicted, will he crumple like a paper doll? For those not keeping score, a quick review of the McCain campaign's lunge for Obama's jugular. First, its new slogan: Country first, with its inverse insinuation that Obama puts something else (ie, his own ambition) ahead of the nation. Second, McCain's accusation that Obama would rather lose a war in order to win a political campaign. Third, the McCain ad Troops, which claims that Obama, while in Germany, made time to go the gym, but canceled a visit with wounded troopsseems the Pentagon wouldn't allow him to bring cameras. And, finally, the ad Celeb, with its intercut images of Obama in Berlin, Paris Hilton, and Britney Spears. The strategy behind all this isn't hard to discern: Drive up Obama's negatives and render him unacceptable to pivotal voting blocs. Thus the depiction of him as too young, too feckless, and too pampered to be president. And thus the emphasis on Obama's rock-star persona, designed to engender envy and contempt among the swath of Middle America for which hipness is no virtue but a sign of pretension. The racial undertones of this assault are subtle but undeniable, as Obama himself suggested when he asserted last week that his opponents are trying to make voters scared of him because he doesn't look like the other presidents on the currency. They're most glaring in Troops, which features footage of Obama sinking a three-pointer in Kuwait, despite the fact that the shot took place at a military base, which undermines the ad's argument. But the spot's deeper aim is to foster an unconscious simile: Obama as a blinged-up, camera-hungry, NBA shooting guard, Allen Iverson with a Harvard Law degree. Consider this: Would the ad have featured footage of Obama on a golf course draining a hole-in-one? The racial angle is the first thing I thought of when I saw that ad.