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Tuesday, September 30, 2008

Bush Sinks to New Low, Obama Bobs Above the Rest

posted by on September 30 at 9:19 AM

Gallup reports that Bush never fails to let us down.


None of these guys or parties is floating above 50 percent while the economy circles the drain, but Obama rates the highest.


In terms of winning over the political center where most swing voters reside, however, the jury still seems to be out. Obama and McCain receive nearly identical ratings from political independents for their handling of the Wall Street crisis, and they’re not positive. Only about a third of independents approve of the way each candidate has responded.

The second poll is probably out the window in light of everything that happened yesterday. But which candidate or party will suffer more? McCain tried to lead Republicans on the bailout bill, but it was ultimately his party that killed it. So he hardly comes off as a great leader. But I’m afraid Obama’s messages of “change” and “hope” could lose potency after yesterday’s unbridled collapse. Seems like fear could play in stodgy old McCain’s favor.

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McCain can still pull a rabbit from his hat... don't count him out yet.

Posted by demo kid | September 30, 2008 9:30 AM

That's not his hat, it's his ass, and nobody wants to see a rabbit that's been rotting in an old guy's ass for thirty years.

I hate these kinds of polls, because there is never an option for "I think Obama's response sucks too, just not as much".

Posted by Fnarf | September 30, 2008 9:52 AM

Perhaps a first: Slog here too pessimistic about Obama. Economic woes making him more and more likely to win.
General principles of elections; bad economic hews helpd Democrats, and Obama doing a pretty good job of looking presidential. McCain not, and his party looks dumb for abanddoning the "bailout" legislation (n.b.: dumb messaging, it's a chance to buy low and start socializing with low priced asset purchases).

On the other hand, neither one of them is really doing any great leaership at all. I mean folks like Inslee and the CBC largely voted no. WTF? We lost a trillion dollars yesterday.

Meanwhile over in Europe last night they nationalized a few more banks toute suite without all these free market shenanigans and with broad sectors of the left understanding nationalization ain't a bailout for free.

You something in return, duh.

Real clear today no toss up showing OBama with NM CO VA and NC. That is changing the map.

Credit -- it's due. (But the huge "assist" -- unforeseen eco. meltdown -- makes this Obama gain more of a fortuity than not).

Unity y'all--

Posted by PC | September 30, 2008 9:55 AM

Yeah, he's a blowhard, but Michael Moore nails it when he calls bullshit on this pay-the-criminals bailout crap:

Posted by Karlheinz Arschbomber | September 30, 2008 10:05 AM

Someone needs to tell Barack Obama how to close a deal.

The issue here is not the substance of the bailout, it is the appearance of government flailing in the face of challenge.

O has the opening here to tip people his way by being the voice of reason, the person in the midst of chaos who charts a rational path.

There are two possible courses he could follow--

1) he could bet that a deal will be forthcoming and align himself as the fixer of a package that was clearly unacceptable to the majority of americans. More protections for taxpayers, tighter controls on executive discretion, and a lower sticker price would probably be enough to distinguish a new package from the old one. If he can articulate such distinctions and associate himself with a solution, he comes out as a winner.

2) He could suggest the solution be postponed until after the election, that the President call a lame duck session of Congress, and that the whole dialogue and decision thereby be insulated from the pressures of election-cycle poltiics. That puts him back on the footing of his change theme, by suggesting a new way of attacking the problem.

Either way, he's got to close the deal in part by being the catalyst for reason on the economic crisis.

Posted by closer | September 30, 2008 10:20 AM

What everyone missed is that hours after the bailout the Fed injected 700 Billion into the money supply -- essential the same exact thing as the bailout!

Get ready for hyperinflation -- and it's really needed.

Posted by John Bailo | September 30, 2008 10:22 AM

Obama earning more points with me today. At 10:15 he's giving a great speech on the so called bailout.

Saying it's pay the cirminals is wrong, and dumb.

He's explaining it's not a bailout.

We purchase assets. They have value. Right now the value it artifically low due to failure of the market. After we purchase, their value can rise. And he explains if we have a loss he wants entire financial sector to cover it.

The notion it's paying criminals is soooooooo stupid and wrong. When we did this with RTC the govt. made money. When Sweden did it in the 1990s they made money. It's been shown to work, in the real world.

I hope Obama can convince ill infomred people who view it as a pay the criminals scheme.

I hope Obama takes overall leadership on this issue, that would be great.

It's a rescue plan, he is saying, and he hopes it won't be an end to what we need to do for our economy but only a beginning.

Boy I love hearing that. Great way to set it up so that after this is passed and starts working, he gets the credit and crtedibility to then move on to greening the economy and doing the rest of his program.

That's what we want.

Can't do it if entire economy collapses.


Posted by PC | September 30, 2008 10:47 AM

Fear only works if McCain can make himself out as the guy who can save us. He isn't and he can't. He's completely incompetent on the economy, remember? And now he has proven that he's not even a strong leader.

Posted by keshmeshi | September 30, 2008 10:51 AM

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