McCain's Small Victory

A mostly political Weblog.
Sept. 29 2008 4:52 AM

McCain's Small Victory

We want game-changing! We didn't get it.

(Continued from Page 82)

Update: Nor am I convinced that this brings "full closure" to the issue. Would NBC really not let Murphy out of his contract if he said he wanted to go run McCain's campaign? ... 1:23 P.M. link

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Jim Johnson's Legacy Builds: Politico gravy-train Fannie Mae in trouble  despite its massive implicit government subsidy, because new accounting rules would apparently require it to list billions of dollars of now off-the-balance-sheet mortgage guarantees as liabilities. Of course, the agency formerly headed by Obama's ex-veep-vetter  will probably wriggle out of the new rule thanks, as always, to political pressure:

"I would bet my firstborn that they will be excluded from the accounting change. It would bankrupt them," said Paul Miller of the investment firm Friedman, Billings, Ramsey Group.

So everything's OK then! ... Backfill: Eerily prescient David Smith post here. See also this E-Z-2-Follow post on Fannie Mae's balance sheets. Cheap visual devices are used, and also the word "Augean." ... 12:35 P.M. link

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Monday, July 7, 2008

Getdrunkandvote4mccain.com The Republican base comes home, plastered. ... 1:49 A.M.

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PearSneak of the Day-- "Employers Fight Tough Measures on Immigration":  Robert Pear is the acknowledged master at sneaking not-as-important-as-they-sound policy stories into the lead position on the NYT front page on slow news days. These Pear pieces are often leaks from liberal interest groups, who then benefit from the prime placement. But it was Julia Preston who pulled a Pear yesterday, with a lead A-1 piece that seemed to be mainly a press release for Tamar Jacoby's new lobbying organization, ImmigrationWorks USA.

1) Some of Preston's evidence of an employer fight-back against the immigration crackdown is ludicrously weak. "Unhappy California business won the support of Mayor Antonio R. Villaraigosa of Los Angeles, who wrote a letter" protesting immigration raids. Yes, a letter! From a mayor!  Meanwhile:

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