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Posts Tagged ‘missteps’

Palin, Biden Meet Expectations in VP Debate

Friday, October 3rd, 2008

Both candidates excelled in a night of debate filled mainly with recited stump speeches that were largely unresponsive to moderator Gwen Ifill’s questioning without any major gaffes. The key question going into the debate was whether Sarah Palin could reestablish her credibility after a series of missteps in interviews. Palin clearly met that bar and avoided what could have been a support meltdown on the Republican side if she had tanked.

Biden was knowledgable and forceful in his policy discussions, especially in the foreign policy discussions. Thematically, Biden did his job by linking McCain to Bush and demonizing Bush in an effective manner. Palin survived on foreign policy issues and excelled on tax and energy issues. Thematically, Palin did her job and by reinforcing McCain’s image as a maverick and linking Obama to higher taxes, more government and a loss in Iraq. From an objective point of view, both candidates did what they set out to do and the debate was essentially a tie.

The initial pundit reaction was predictable: CNN and MSNBC called it for Obama, Fox News called it for Palin. However, even the CNN “analysts” agreed that Palin swept aside credibility questions with her performance and boosted GOP morale and any threat of Palin “dragging down” McCain was erased. Predictably again, the focus groups set up by CNN and Fox News split in their reaction. CNN/Opinion Rsearch’s instant poll shows a 51-39 Biden victory, with 84% believing Palin exceeded expectations and 64% believing Biden exceeded expectations. with 55% Fox’s text message poll went for Palin, 86-12.

As for undecided voters, CBS’s poll of undecided went to Biden, 46-24%, with 55% stating their view of Palin improved. Importantly, CBS’s poll 18% of the undecideds are now committed to Obama, while 10% of the undecideds are now committed to McCain. If this takeaway from the VP debate holds, with Obama gaining more than McCain from undecideds, the McCain campaign will continue to slide in the polls.

Regarding the impact on the presidential race, most soft McCain voters who were concerned about Palin’s recent interview performances were likely part of the 84% in CNN’s poll who believed Palin beat expectations. The question becomes how independents and conservative Democrats react to the debate over the next few days. These groups strongly dislike Bush and Palin did condemn the Bush Administration several times and talked about looking to the future instead of backward.

With the second Obama-McCain debate set for a week from now, McCain is likely to become much more aggressive attacking Obama should the House pass the bailout package passed by the Senate yesterday. McCain has a set of commercials relating to the GOP’s version of the cause of the economic crisis – failure to control Fannie Mae and Freddie Mac – set to be unleashed once the House acts.

The media often talks about the great Right Wing Attack Machine, and Hillary Clinton often warned that Obama would not be able to withstand a full-on assault. Expect the GOP and third party groups to unleash “Greek fire” on Obama on both the economic crisis and his character issues (Wright, Rezko, Ayers, Marshall, ACORN, etc.) as soon as the bailout passes. The only way that McCain can win this election at this point is to return the focus to a referendum on Obama’s fitness for office instead of the quality of the Bush years.

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FDIC Moves for Authority to Increase 100K Cap to 250K – Obama Claims Credit

Tuesday, September 30th, 2008

Obama Claims Credit for FDIC Idea

Obama Claims Credit for FDIC Idea

Early this morning Barack Obama issued a statement on the failed bailout package which, for the first time since the crisis began, included a specific policy proposal – an increase in the Federal Deposit Insurance Corporation’s (FDIC) coverage limit from 100,000 to 250,000.00. Democratic surrogates quickly appeared on across the cable news dials (such as Democratic House Whip Jim Clyburn on CNN) praising Obama’s proposal and leadership in proposing this bold FDIC move. Predictably, the internet mainstream media outlets (ABC, CNN, AP) quickly seconded Obama’s FDIC proposal and praised his move as helpful to revive yesterday’s defeated bailout package. Obama’s speeches today underscored the importance of the FDIC move, stating that it would “help restore public confidence in our financial system.

An objective report, unlike the three linked above (ABC, CNN, AP) about Obama’s new FDIC proposal, cannot exclude the fact that the House GOP negotiator Roy Blunt attempted to insert the FDIC coverage hike into the compromise agreement over the weekend, and the Democratic negotiators refused. As Obama’s campaign has stated many times and Obama himself declared Sunday on Face the Nation, for “two weeks I was on the phone everyday with (Treasury) Secretary (Henry) Paulson and the congressional leaders making sure that the principles that have been ultimately adopted were incorporated into the bill” and that he was “involved in shaping” many of the bailout’s provisions.

As Obama claimed deep involvement in every day of negotiations on the bailout, it is inexplicable why Obama did not encourage Democrats to accept the FDIC cap increase proposal from GOP House negotiator Blunt. This is especially so as this morning Obama believes that the FDIC move would “boost small businesses, make our banking system more secure” and restore confidence. Furthermore, as many House conservatives were pushing for this FDIC provision, the bill may have passed yesterday if this provision had been allowed in by the Democratic negotiators.

A reverse-Kerry move may be afoot here, albeit unreported by the mainstream media and unlikely to ever be reported: Obama and the Democrats were against the FDIC coverage hike before they were for it. It has become clear in the last two weeks that the McCain campaign simply cannot compete against the Obama campaign’s shaping of the media narrative over the economic crisis, notwithstanding the difference between Obama’s claims and the reality of the situation.

Obama’s stark reversal on the FDIC cap issue amazingly won today’s news cycle by proposing an idea that he and the congressional Democrats rejected just 72 hours ago. Whether the American public notices this gigantic flip flop on the FDIC by Obama remains to be seen. Regardless, objectively speaking, Obama’s deft handling of the media during the economic crisis and McCain’s continued missteps and inability to capitalize on Obama’s mistakes demonstrates a political competency gap that may ensure Obama’s election come November 4.

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