Tuesday, October 07, 2008
Post-show analysis: The Town Hall Debate
On to debate #3. Poor Bob Schieffer: are there any economy questions left unasked?
SIDE NOTE: Uncle. I, like apparently all other bloggers, am getting addicted to the CNN emote-o-meter. Watching the women is like watching my favorite roller coaster EVER. x)
SIDE SIDE NOTE: Apparently Manhattans go with ALL debates. Who knew?!
Pre-show analysis: The Town Hall Debate
McCain will try to reinforce this idea of the mysterious, untrustworthy Obama, not by directly bringing up Bill Ayers, but by declaring Obama's positions to be dishonest. And he'll make eye contact this time. He needs to change narrative of the election but dispel this notion that he is avoiding the subject of the economy. He needs to be reassuring.
Obama will continue to talk about the economy and try to talk kitchen-table-ese. He did a good job in the last debate of talking about these shifty economic issues, but he needs to bring back to a personal perspective instead of broad generalities. For Obama, its do no harm. He continues to rise in the polls and doesn't want to change the trajectory. (Also, the demeanor that was once derided by the press as "professorial" is now being called "steady" and "comforting". We'll see more "steady".)
Don't expect any surprises.
"Gender Auditors" in the Battle for Gay Marriage
Time for the opposition to get creative! Check out this great ad from the Courage Campaign"
'Omaba Nation' author a bee in Kenya's bonnet
As previously noted in this blog, Obama Nation author and former Swiftboater Jerome Corsi had traveled to Kenya in order to, according to WorldNetDaily, research and expose nefarious ties between Barack Obama, Kenyan PM Raila Odinga, and Muslim forces. However, based on press releases going out to the Kenyan media, Corsi seems to have been there to promote his book.
Ah, but freedom of speech is a valuable and oft under-appreciated American right. As of this morning, the Times of London reported that Kenyan officials were detaining Corsi for lack of work permit in promoting his book.
By this afternoon, NPR is reporting that Corsi has been deported. What do you want to bet that Corsi and the right will be blaming Obama for that by week's end?
Brushing up on the economy
The Fed and commercial paper funds
I’m not an economist and have no background in finance. I therefore may be having just as much, if not more trouble, than you comprehending all the finance-related angles of the proposed bailout.
For example, if news that the Federal Reserve is about to take control of the Commercial Paper Fund Facility makes you scratch your head wondering, “what the hell are commercial paper funds?”, you certainly should read our own Andrew Leonard who explains how this part of the financial world works.
But in addition there’s also a great, unofficial Finance-for-Dummies radio program with which, I suspect, many Salon readers are already all too familiar: "This American Life." (Confession: I’m addicted to the show.)
This week’s episode, “Another Frightening Show About the Economy,” explains why the collapse of the mortgage-backed securities market has since been exacerbated by the collapse of the commercial paper fund market.
Actually, if you are not entirely certain why the mortgage-backed securities market crisis collapsed in the first place -- and no, it’s not just that people took out home loans they couldn’t afford to pay, though that’s certainly a big part of it -- before listening to the latest TAL episode you may want to check out the equally fascinating, “Global Pool of Money” episode.