Lunch break
4 minutes ago
But associates say the senator still dials up former Senator Phil Gramm of Texas, who forfeited his title of campaign co-chairman after a controversy over his remarks that the United States is “a nation of whiners” and is merely in “a mental recession.”Let's take a walk through memory lane:
Current and former advisers say they still consider Mr. Gramm, now UBS investment bank vice chairman, a top prospect for treasury secretary in a McCain administration.
"‘You've heard of mental depression; this is a mental recession,’ he said, noting that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices... ‘We have sort of become a nation of whiners,’ he said.”John McCain thinks the challenges facing our families are “psychological" - gee that sounds an awful lot like Phil Gramm. At a town hall in Florida McCain said of economic challenges facing American families “A lot of this is psychological. A lot of it’s psychological. Because I believe the fundamentals of our economy is still strong.”
"I think you could argue that Americans overall are better off, because we have had a pretty good prosperous time, with low unemployment and low inflation and a lot of good things have happened. A lot of jobs have been created… I think we are better off overall if you look at the entire eight-year period, when you look at the millions of jobs that have been created, the improvement in the economy, et cetera.”Read More......
Senator Barack Obama’s campaign announced today that more than 65,000 new donors contributed to the Obama campaign during the month of July, bringing the total raised for the month to over $51 million. More than 2 million people have now contributed to the campaign.
“The 65,000 new donors to the Obama campaign demonstrate just how strongly the American people are looking to fundamentally change business as usual in Washington. We are proud of the millions of volunteers and more than two million donors to the Obama campaign who will provide the backbone of our campaign to put America back on track and reject the old politics and failed Bush policies, which is all John McCain is offering,” said David Plouffe, campaign manager of Obama for America.
President Bush's popularity has tanked, but boy can he still bring in the cash.Obama is running against Bush's third term, which brings us again back to the best ad of the cycle so far, which was, of course, not done by the Obama campaign. (Note to Obama's top media consultant, Jim Margolis from GMMB, watch this ad and learn from it):
He's raked in close to a billion dollars, the political fundraiser in chief, during his White House tenure.
In all, Bush has personally raised more than $968 million for the Republican Party, GOP candidates and his own re-election campaign and inauguration during his two terms in office. And he's not finished.
He's now lost a big part of the national spotlight to presidential contenders John McCain and Barack Obama, but he remains a formidable force on the fundraising circuit, mostly at private affairs closed to the media. His total so far this year is roughly $70 million.
Bush spent 90 minutes recently at a California winery tucked in a hillside in Napa Valley to help wring $850,000 from deep-pocket donors. That's $9,444 a minute.
Read More......
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