The Arnold Palmer
7 hours ago
Political analyst Charlie Cook writes that, unless there’s divine intervention, McCain is probably going down to defeat. “Say what you will about the campaign he has waged and the running mate he picked, but the collapse in credit markets and the stock market may very well have ended his chances of victory, notwithstanding anything he could have said or done differently. The senator from Arizona is a good man, who served his country admirably. And many would say that he deserved a better chance than he got.”Why? Why did he deserve a better chance? Did we force McCain to pick a blithering idiot as his running mate? Did we force him to go all Karl Rove and destroy his own brand he spent decades building? Did we force John McCain to flash his anger one too many times? Did we make John McCain erratic?
“I mean, talk about my wardrobe and never talking about the male candidate's wardrobe. Or the questions posed to me of how I will be able to serve in office and still raise a family. I've never heard that asked of a male candidate,” she said.Show of hands: How many male candidates bought $150,000 in clothes in one month? Come on, keep those hands up. Also, the Republicans had a field day with Bill Clinton's and John Edwards' supposedly expensive haircuts. So spare us the victim lecture. (Oh, and John McCain has had his $500 Italian shoes mocked too.) Read More......
With just four days before the election and Alaska Sen. Ted Stevens insisting he's not a felon, the U.S. Senate race is white hot.But wait, I thought Ted Stevens was convicted and even Republicans were asking him to resign? Seems that the Anchorage Daily News is living in the same world I am:
"I've not been convicted yet," Stevens said Thursday in a meeting with the editorial board of the Fairbanks Daily News-Miner. "There's not a black mark by my name yet, until the appeal is over and I am finally convicted, if that happens. If that happens, of course I'll do what's right for Alaska and for the Senate. ... I don't anticipate it happening, and until it happens I do not have a black mark."
Stevens reiterated that position during a televised debate late Thursday night, declaring early in the give-and-take with Anchorage Mayor Mark Begich, "I have not been convicted of anything."
A Washington, D.C., jury Monday convicted Stevens of seven felony counts of lying on financial disclosure forms about thousands of dollars of gifts and home renovations from Veco Corp.Ted Stevens has completely lost it. How can anyone in Alaska vote for a convicted felon? Help Mark Begich defeat Stevens and bring Alaska back into reality.
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Senate Republicans including minority leader McConnell have said Stevens should resign. So has Alaska Gov. Sarah Palin, the Republican vice presidential nominee, and her running mate, John McCain.
This morning's Field Poll carries news that Prop 8 is narrowly losing, 44 to 49%.We really want Prop 8 to lose. And, right now, any contribution will be matched, meaning its value is doubled. So, if you've been thinking about donating, do it now. Keep the very powerful new ad running.
This initiative battle is razor thin. We know that 7 to 10% of voters are still up for grabs.
And Tim Gill and Scott Miller will match your donation up to $100,000 if you respond NOW.
On his radio show today, Focus on the Family's James Dobson announced that he would be on hand at The Call in San Diego's Qualcomm Stadium on Saturday as part of the last drive by anti-gay activists to rally support for California's Proposition 8, which, if passed, would amend the state's constitution to take away the right of same-sex couples to marry.Really make him cry. Make those tears real. Help defeat the hateful Prop 8. Read More......
Dobson lives in Colorado, of course, but he believes the rejection of Proposition 8 will lead to the downfall of Western civilization, as he tearfully laid out on his radio program today.
Former Reagan chief of staff Ken Duberstein told CNN's Fareed Zakaria this week he intends to vote for Democrat Barack Obama on Tuesday.And, Duberstein was brutal -- just brutal -- about McCain's pick of Palin on MSNBC. For example, a job at McDonald's requires more interviews than Palin had:
Duberstein said he was influenced by another prominent Reagan official - Colin Powell - in his decision.
"Well let's put it this way - I think Colin Powell's decision is in fact the good housekeeping seal of approval on Barack Obama."
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''[The Wall Street Journal's John Fund] was supposed to spend Thanksgiving with me and didn't,'' she recalls. ''I questioned him when he got home and he beat me up. I was cowering in the corner. He was screaming. He said, 'Get out, bitch,' and he left, and I called the police. He came back and beat me up again. When the police arrived, I was shaking and crying and very upset. He was very calm. A lady officer walked in and asked me if I was on drugs. John told me that none of the charges would stick.'' In mid January, the mainstream media first reported on Fund's alleged abuse.SF Chronicle:
Around that time, Pillbury says, she moved out and Fund agreed to give her money to help pay her bills. He watched her write checks from his account and deposit them in her account. Soon after, she says, ''I found out that my accounts were frozen and he told me that they were going to stay frozen until I contacted these members of the media and gave them papers saying that I had lied about the abuse.'' She says the bank did not return her calls. Says Pillsbury-Foster, ''This is obviously part of a pattern of abuse and attempted control, and yet the D.A. refused to listen to her.''
The California Federation of Republican Women holds its big two-day conference down in Ontario (San Bernardino County) over the weekend -- but the private buzz isn't about President Bush, it's about John Fund. If the name escapes you, he's the Wall Street Journal's online columnist who -- after taking aim at Bill Clinton's sexual exploits -- wound up with his own tabloid troubles. Fund's fun in the sun began with an affair with Melinda Pillsbury-Foster some two decades ago. It ended in 1998 when Fund took up with Pillsbury-Foster's grown daughter, who accused him of getting her pregnant and then asking her to have an abortion -- all of which he's denied. Fund was later charged with domestic abuse, but a judge dismissed the case in December.Read More......
Research 2000 for Daily Kos. 10/28-30. Likely voters. MoE 4% (No trend lines)Read More......
McCain (R) 48
Obama (D) 47
Early voters (17 percent of sample)
McCain (R) 42
Obama (D) 54
I can't believe we may actually win Arizona. And I have a bonus treat for you guys:
If the 2010 election for U.S. Senate were held today for whom would you vote for if the choices were between Janet Napolitano the Democrat and John McCain the Republican?
McCain (R) 45
Napolitano (D) 53
McCain is asked to respond to Eagleburger's remarks during an appearance on Good Morning America Friday. And... he's not troubled by them.McCain's starting to sound like that girlfriend of yours who's dating a guy you know - and all your friends know - is bad news. And everyone who meets him thinks he's a nightmare, but she keeps insisting you just don't know him like she does. It's pathetic. Read More......
"Larry has never had a chance to meet Sarah," he says.
The latest polls show the Obama-McCain race to be neck-and-neck —- one poll showed McCain ahead by 1 point, another had him up by 5 but yet another had him down by 3. And while the race for Georgia’s 15 electoral votes is tight, neither side appears to be investing significant cash or resources to win it in the final days. Neither campaign has announced visits by the candidates or their top surrogates. As of Thursday, neither had bought last-minute television advertising here.If it's that simple, then the Obama campaign is making a very important move. Also, this can really help Jim Martin defeat that nasty Saxby Chambliss in the Georgia Senate race. So, it's doubly beneficial. In Georgia, the Obama campaign has a strong organization and, according to Plouffe, "early vote is going extremely well."
And that, Matt Towery believes, is a real mistake for the Obama campaign.
“If the Obama campaign goes on the air with television advertising in this city, in this state, beginning this week to Election Day, Barack Obama will win Georgia,” said Towery, the former Republican state lawmaker and CEO of Atlanta-based InsiderAdvantage. “If he doesn’t go on TV, Obama will lose Georgia. It’s that simple.”
Earlier this week, the McCain campaign and the Republican National Committee paid for negative robo-calls in the state, telling voters Obama’s election “invites a major international crisis he will be unprepared to handle alone.Now, the campaign stop:
Sen. John McCain will be in Prescott on election eve, according to the Yavapai County Republican Party.Presidential candidates don't go events in their home state before election day unless it's absolutely necessary. Bush and Kerry were still out in battleground states stumping on Election Day in 2004. But, for McCain, it sounds like it is absolutely necessary to campaign in Arizona.
He plans to attend the party's annual Victory Rally at approximately 9 p.m. Monday on the historic courthouse plaza. The rally starts at 6 p.m. and typically attracts Republican elected officials from around the state.
MoveOn.org said Thursday it was launching its ‘Obamacan’ ad statewide on broadcast and cable in response. The ad features a life-long Republican who supports Obama.This is a major development in the presidential race. McCain's state has become very competitive. But, remember, yesterday on the TODAY Show, NBC's Chuck Todd said Arizona would be a battleground -- in four years. The pundits have to focus on Pennsylvania because the McCain campaign told them to focus on Pennsylvania. Read More......
The Obama campaign sent its supporters in the state a message from national field director Jon Carson calling for volunteers, and pointing to reports McCain was "struggling in his own backyard."
“Supporters like you have put us within striking distance. Now it's time to pull off what no one expected,” said Carson.
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Shares in Asia and Europe fell on Friday, heading for their worst month ever, while the low-yielding yen surged as Japan's interest rate cut failed to erase concerns about the deteriorating global economic outlook.Read More......
The Bank of Japan joined a global easing cycle by trimming interest rates by 20 basis points to 0.3 percent, but disappointed many who had expected a bigger quarter point cut.
The move followed the Federal Reserve's decision to cut interest rates to 1 percent -- its lowest level since June 2004 -- to stave off a prolonged recession. China, Hong Kong and Taiwan also lowered the cost of borrowing this week, with the euro zone, Australia and Britain seen following suit next week.
However, investors feared a round of rate cuts was not enough to stem the flow of worsening corporate earnings and bolster consumer consumption in major economies which might be already in recession.
Big banks have formed an unusual alliance with consumer advocates to urge the government to allow huge portions of credit card debt to be forgiven, a turnabout from recent years when the banking industry lobbied strenuously to make it harder for consumers to erase their credit card debts in bankruptcy.Read More......
The new pilot program — which the banks hope will become permanent — could involve as many as 50,000 people struggling with credit card debt. On an individual basis, the amount of debt to be forgiven would rise according to the severity of the borrower's financial situation, up to a maximum of 40 percent.
Lazear and other officials also sought to defend their handling of the bailout so far, responding to reports in The Washington Post that banks receiving money from the Treasury will be allowed to make dividend payments to shareholders and that officials are considering federal guarantees for as much as $600 billion in distressed mortgages.Making money remains to be seen but the bigger problem here is not what is legal, but what is acceptable. Giving taxpayer cash to fund dividends is rubbish. That is hardly the reason why we're injecting the cash so to throw legal BS out there does nothing to address the already simmering hostility to the rescue plan. Read More......
During a media briefing, Lazear emphasized that the bailout legislation does not bar participating banks from continuing to pay dividends at current levels.
"The law was quite specific on what rules to follow," Lazear said. ". . . We're going to follow the law and make sure there are not abuses, but we want to make sure we get the economy going."
On the overall $700 billion bailout plan, Lazear said: "Taxpayers will not lose significantly on this and may make some money."
Exxon Mobil Corp. set a quarterly profit record for a U.S. company Thursday, surging past analyst estimates.Read More......
Exxon Mobil (XOM, Fortune 500), the leading U.S. oil company, said its third-quarter net profit was $14.83 billion, or $2.86 per share, up from $9.41 billion, or $1.70, a year earlier. That profit included $1.45 billion in special items.
Exxon's prior record was $11.68 billion in the second quarter of 2008.
The company said its revenue totaled $137.7 billion in the third quarter.
The American International Group is rapidly running through $123 billion in emergency lending provided by the Federal Reserve, raising questions about how a company claiming to be solvent in September could have developed such a big hole by October. Some analysts say at least part of the shortfall must have been there all along, hidden by irregular accounting.Read More......
“You don’t just suddenly lose $120 billion overnight,” said Donn Vickrey of Gradient Analytics, an independent securities research firm in Scottsdale, Ariz.
Mr. Vickrey says he believes A.I.G. must have already accumulated tens of billions of dollars worth of losses by mid-September, when it came close to collapse and received an $85 billion emergency line of credit by the Fed. That loan was later supplemented by a $38 billion lending facility.
But losses on that scale do not show up in the company’s financial filings. Instead, A.I.G. replenished its capital by issuing $20 billion in stock and debt in May and reassured investors that it had an ample cushion. It also said that it was making its accounting more precise.
Mr. Vickery and other analysts are examining the company’s disclosures for clues that the cushion was threadbare and that company officials knew they had major losses months before the bailout.
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