Two Lessons of the Bailout Imbroglio

OXFORD, Miss. — In the post-debate spin room, McCain campaign honcho Steve Schmidt said this about the recent events in Washington surrounding the bailout: It’s been a remarkable last couple of days. The Democratic leaders in Congress tried to pull a pretty big con job on the American people. You know, this notion that they [...]

Debate Watch List…

Things to watch for tonight: 1.) Will McCain project a sense of steadiness and cool control. His operatic campaign of the last two weeks has undercut this and he needs to undo the damage. 2.) Will Obama speak in the clear, direct sentences of man ready to be in command. 3.) Will McCain emerge from [...]

Programming Note

For tonight’s debate, we are going to try an experiment of combining somebody who watches a lot of politics (that’s me) with somebody who watches a lot of TV (Tuned In’s Jim Poniewozik) for a liveblog. We will probably get started a few minutes before John McCain and Barack Obama do. So go ahead and [...]

Let the Expectations Games Begin

From TIME’s Amy Sullivan Straight from the latest McCain pool report, filed by the LA Times’ Bob Drogin, is this quote from advisor Mark Salter about what McCain hopes to achieve in tonight’s debate: “To do well, against a guy who’s a pretty good debater, show presidential leadership, and be able to speak directly to [...]

What to Expect from the Debate

Some strategists who have prepared presidential candidates for past debates offer a few predictions, and some advice, in a piece I wrote for Time.com. And if you haven’t already, check out this collection of memorable debate moments from the past. Gerald Ford on Poland is particularly cringe-worthy.

Re: Debate is On

Michael: The question that this statement doesn’t really answer is whether all this intervention by McCain got both sides closer to a deal, or whether it would have been easier to reach one if there wasn’t a presidential candidate in the middle of these very delicate negoatiations. I guess we won’t know until we see [...]

Debate Is On

The McCain Campaign releases a statement saying the debate is back on, campaign unsuspended: The difference between Barack Obama and John McCain was apparent during the White House meeting yesterday where Barack Obama’s priority was political posturing in his opening monologue defending the package as it stands. John McCain listened to all sides so he [...]

The Tank Reports On Obama’s Distortions

The New York Times, which according to McCain advisers is 150 percent “in the tank” for Barack Obama, reports today on its front page about the proliferating distortions that Obama has deployed in his advertising. Most of these claims, and their factual problems, have been covered before in Swampland–the Spanish-language immigration ad, the Social Security [...]

The Republican Alternatives

There are two of them. Justin Fox has a good analysis here. UPDATE: Politically at least, the Cantor plan has a lot of appeal. By insuring these junky mortgage-backed securities, rather than buying them, the government presumably wouldn’t be spending nearly as much money. In fact, it would be getting money from Wall Street, in [...]

Self-Fulfilling Prophecy

Congress is now racing against the clock. The deadline? The opening bell at 9:30am Monday morning. Many members have lamented that Paulson and Bernanke’s warnings of doom-and-gloom are self-fulfilling prophecies: there is little chance that a collapse wouldn’t happen in Congress doesn’t pass something. Here’s the latest from me after a crazy day running around [...]