Here’s the latest from me on the financial crisis. An interesting aside: both Gallegly and Murphy were angry at the role politics, particularly presidential politics, played in process so far. When asked if they meant John McCain’s involvement, both were quick to praise McCain for standing up for House Republicans. But nor were either willing to blame Barack Obama solely for the injection of politics into the process. Obama and McCain are returning to Washington this afternoon for the Senate vote but neither is sticking around for the House’s second attempt expected later this week. Seems the feeling is mutual – presidential politics doesn’t like this process either.
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The Phony War: Obama and Romney Are Debating Character, Not Policy
More than five months from Election Day, the back-and-forth about Mitt Romney’s record at Bain already feels played out. Unfortunately, there’s good reason to expect the campaign continues in this vein indefinitely. Neither Barack Obama nor Mitt Romney are terribly interested in dwelling on policy platforms. Romney’s plan to slash spending and keep taxes low on the wealthy isn’t especially popular, at least not at any level of detail beyond a blithe promise to shrink the deficit. Meanwhile, Obama’s signature first-term achievements, like health care, the stimulus and Wall Street reform, are all unpopular or tricky to sell. (The Dodd-Frank bill is the most popular of these, but hyping it means offending wealthy donors.) So what we’re getting instead is a superficial duel about character–and, worse, one that’s based on the largely false premise that the better man can better “manage” the economy back to health.
